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Fitch Affirms Bank Of Butterfield’s Viability Rating

Fitch Affirms Bank Of Butterfield’s Viability Rating

Fitch Ratings has affirmed Bank of N.T. Butterfield & Son Limited‘s [BNTB] viability rating [VR] at ‘bbb-’, and downgraded BNTB’s support-driven Long-Term Issuer Default Rating [IDR] to ‘BBB’ from ‘A-’. The Rating Outlook is Stable. A statement from the ratings agency said, “The downgrade of the... Read more of this article

Butterfield Group Welcome Proposed Changes

Butterfield Group Welcome Proposed Changes

Butterfield Group – which comprises full-service community banking and wealth management operations in the Cayman Islands and Bermuda, and specialised wealth management and fiduciary services operations in Guernsey, Switzerland, Bahamas and the UK — said it welcomes proposed changes to the laws governing the disclosure of confidential... Read more of this article

Butterfield April 2016 Treasury Shares-Buy Back

Butterfield April 2016 Treasury Shares-Buy Back

In a filing with the Bermuda Stock Exchange, the Bank of N.T.Butterfield & Son Limited [the “Bank”] announced that during the month of April 2016, the Bank purchased for Treasury 364,551 Common Shares at an average price of $1.64 per share. In addition, the Bank did not purchase for cancellation any Preference Shares. Related StoriesButterfield... Read more of this article

Michael McWatt Appointed At Butterfield Cayman

Michael McWatt Appointed At Butterfield Cayman

The Bank of N. T. Butterfield & Son Limited announced that Michael McWatt [pictured] was named Managing Director, Butterfield Bank [Cayman] Limited, effective 26 April 2016. In this capacity, he will lead Butterfield Group’s Cayman operations and will have overall responsibility for Community Banking functions in Bermuda and Cayman. Mr. McWatt... Read more of this article

Butterfield Explore Transactions Equity Securities

Butterfield Explore Transactions Equity Securities

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited Michael Collins, Chief Executive Officer of The Bank of N.T. Butterfield & Son Limited announced that the Bank is considering the merits of alternative transactions in its equity securities. The company said, “These initiatives may include an international... Read more of this article

BBA Present Butterfield With Club Person Of Year

BBA Present Butterfield With Club Person Of Year

The Bermuda Bicycle Association presented Butterfield and Mr. Curtis Dickinson, Group Head of Private Banking at Butterfield and an avid cyclist, with the award for Club Person of the Year 2015 for their support of the association’s major stage race, the Butterfield Bermuda Grand Prix. Butterfield has been the title sponsor of the event for seven... Read more of this article

Butterfield Completes Migration Of HSBC Trust

Butterfield Completes Migration Of HSBC Trust

Following its acquisition of Bermuda Trust Company Ltd. and the private banking investment management operations of HSBC Bank Bermuda Limited on 29 April 2016, The Bank of N.T. Butterfield & Son Limited today [May 4] announced that former HSBC Bermuda employees, their clients and accounts have successfully transitioned to Butterfield. Butterfield... Read more of this article

Butterfield Acquires Bermuda Trust Company

Butterfield Acquires Bermuda Trust Company

The Bank of N.T. Butterfield & Son Limited announced that it has completed the acquisition of Bermuda Trust Company Ltd and the private banking investment management operations of HSBC Bank Bermuda Limited. It was announced on 27 October 2015 that Butterfield had agreed to acquire those businesses and additionally take on select HSBC Bermuda private... Read more of this article

Bank Of Butterfield Reports First Quarter Profit

Bank Of Butterfield Reports First Quarter Profit

The Bank of N.T. Butterfield & Son Limited today announced core earnings for the first quarter ended 31 March 2016 of $36.0 million, an improvement of $7.0 million compared to $29.0 million earned in the same quarter a year ago. The core cash earnings per share increased $0.02 to $0.07 per share. The core cash return on average tangible common... Read more of this article

Results: Butterfield Grand Prix Hamilton Criterium

Results: Butterfield Grand Prix Hamilton Criterium

The Butterfield Bermuda Grand Prix, coordinated by the Bermuda Bicycle Association, was held this weekend, with three days of cycling action winding up this morning [April 17] with the Hamilton Criterium. As a whole, the Grand Prix consisted of three bicycle races over a three-day period starting with the Hill Climb Time Trial which was held on Friday... Read more of this article

Photos/Video/Results: Butterfield Grand Prix Race

Photos/Video/Results: Butterfield Grand Prix Race

[Updated with video & results] The Butterfield Bermuda Grand Prix, coordinated by the Bermuda Bicycle Association, is taking place this weekend, with three days of cycling action which saw a road race at Southside this morning [April 16] and wraps up on Sunday with the Hamilton Criterium.As a whole, the Grand Prix consists of three bicycle races... Read more of this article

Photos & Results: Butterfield Grand Prix – Stage 1

Photos & Results: Butterfield Grand Prix – Stage 1

[Updated with more photos] The Butterfield Bermuda Grand Prix, coordinated by the Bermuda Bicycle Association, is taking place this weekend, with the three days of cycling action kicking off with the Hill Climb Time Trial tonight [April 15] in St. George’s and wraps up on Sunday with the Hamilton Criterium. As a whole, the Grand Prix consists of three... Read more of this article

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