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Bank Of Butterfield Adjusts Rates

Bank Of Butterfield Adjusts Rates

The Bank of Butterfield announced that “in response to today’s 75 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on loans by half a percentage point [0.5%], absorbing a third of the rise.” A spokesperson said, “The change in the US Federal Funds Rate has a significant... Read more of this article

Butterfield: Free Course In Money Management

Butterfield: Free Course In Money Management

Butterfield is offering a free class in money management and financial literacy to college and university students between the age of 18 and 30. A spokesperson said, “The hour-long Butterfield 101 Money Management Programme will be held virtually at 6pm on Thursday, 4 August, and will be taught by members of the Retail Banking and Consumer Lending... Read more of this article

Butterfield Reports Second Quarter 2022 Results

Butterfield Reports Second Quarter 2022 Results

The Bank of Butterfield  announced financial results for the second quarter ended June 30, 2022. A spokesperson said, “Net income for the second quarter of 2022 was $49.1 million or $0.99 per diluted common share compared to net income of $44.4 million, or $0.89 per diluted common share, for the previous quarter and $39.6 million, or $0.79... Read more of this article

Michael Covell To Retire From Butterfield Board

Michael Covell To Retire From Butterfield Board

In a filing with the Bermuda Stock Exchange, the Bank of Butterfield announced that Michael Covell has retired from the Board of Directors effective today [July 25]. Michael Collins, Butterfield’s Chairman and Chief Executive Officer, said, “On behalf of the Board of Directors, I would like to thank Mike for his valuable contributions and insight,... Read more of this article

Butterfield: Saturday Banking & ATM Vestibule

Butterfield: Saturday Banking & ATM Vestibule

Butterfield announced the return of Saturday banking and also noted that they have opened a new 24-hour ATM vestibule on Front Street. A spokesperson said, “Starting this weekend, the Reid Street Banking Centre in Hamilton will be open to clients from 10 a.m. until 3 p.m. each Saturday. All over-the-counter and personal banking services will be available... Read more of this article

Butterfield Cautions Shareholders About Offer

Butterfield Cautions Shareholders About Offer

The Bank of Butterfield confirmed it “has been notified of an unsolicited offer made by New York Stock and Bond LLC to purchase up to 50,000 of Butterfield’s ordinary shares, or approximately 0.1% of shares outstanding, at a price of $21.00 per share” and cautioned “shareholders that the mini-tender offer has been made at a price... Read more of this article

Butterfield: No Share Repurchases In June 2022

Butterfield: No Share Repurchases In June 2022

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of June 2022, the Bank did not repurchase Common Shares for cancellation.Related StoriesBank Of Butterfield Adjusts Rates Butterfield Banking Hours And Appointments Butterfield Share Repurchases For February Butterfield Share... Read more of this article

Butterfield Opens Graduate Talent Programme

Butterfield Opens Graduate Talent Programme

Butterfield has announced that it is now accepting applications to its Graduate Talent Programme via its website. A spokesperson said, “The programme is distinct from previous iterations in that it is open not only to university graduates but also to bright, talented and ambitious candidates who may have chosen a different path and have work experience... Read more of this article

Following US Change, Butterfield Adjusts Rates

Following US Change, Butterfield Adjusts Rates

The Bank of Butterfield announced that “in response to today’s 75 basis point increase in the US Federal Funds Rate, it is adjusting its interest rates on loans and selected deposits by half a percentage point, absorbing a third of the rise.” A spokesperson said, “The base rate for Bermuda dollar residential mortgages, consumer... Read more of this article

Butterfield: No Share Repurchases In May 2022

Butterfield: No Share Repurchases In May 2022

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of May 2022, the Bank did not repurchase Common Shares for cancellation.Related StoriesBank Of Butterfield Adjusts Rates Butterfield Banking Hours And Appointments Butterfield Share Repurchases For February Butterfield Share... Read more of this article

Butterfield Bank General Meeting Voting Results

Butterfield Bank General Meeting Voting Results

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced the results of the Shareholders’ vote at the Bank’s Annual General Meeting held in virtual format on May 25th. The filing stated: “Each of the proposals numbered 1 through 4 on the Meeting Agenda was approved by the requisite vote, including the... Read more of this article

Butterfield: No Share Repurchases In April 2022

Butterfield: No Share Repurchases In April 2022

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of April 2022, the Bank did not repurchase Common Shares for cancellation.Related StoriesBank Of Butterfield Adjusts Rates Butterfield Banking Hours And Appointments Butterfield Share Repurchases For February Butterfield Share... Read more of this article

Bank Of Butterfield Adjusts Interest Rates

Bank Of Butterfield Adjusts Interest Rates

The Bank of Butterfield announced that, in response to yesterday’s 50 basis point increase in the US Federal Funds Rate, it is adjusting its interest rates on loans and selected deposits. A spokesperson said, “The base rate for Bermuda dollar residential mortgages, consumer loans, corporate loans and USD loans will increase by 0.50%. The rate increase... Read more of this article