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Butterfield Bank October Share Repurchases
The Bank of Butterfield repurchased for cancellation 432,876 common shares at an average price of $37.31 per share in October 2024. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company repurchased... Read more of this article
Butterfield Reports Third Quarter 2024 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended September 30, 2024. A spokesperson said, “Net income for the third quarter of 2024 was $52.7 million, or $1.16 per diluted common share, compared to net income of $50.6 million, or $1.09 per diluted common share, for the previous quarter and $48.7... Read more of this article
Butterfield Reducing Base Interest Rates
The Bank of Butterfield & Son Limited announced that it is reducing its base interest rates on loans and mortgages by a quarter of a percentage point [0.25%]. A spokesperson said, “The change in base rates applies to Bermuda dollar residential mortgages, consumer loans, corporate loans and USD loans. The rate reduction on loans takes effect... Read more of this article
HSBC Appoints Gregory Garnier As CEO
HSBC announced the appointment of Gregory Garnier as CEO of HSBC Bank Bermuda Limited, effective September 23, 2024. A spokesperson said, “Gregory Garnier, joined HSBC 22 years ago in Mergers and Acquisitions in Paris and has led teams in France and the US in a wide range of Investment Banking and Global Banking roles. His most recent assignment... Read more of this article
Butterfield Bank August Share Repurchases
The Bank of Butterfield repurchased for cancellation 351,110 common shares at an average price of $36.15 per share in August 2024. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company... Read more of this article
Zea Swainson Completes LEAP Programme
Butterfield’s 2024 Leadership and Entrepreneurship Accelerator Programme has successfully concluded, with six young women, including Bermuda’s Zea Swainson, completing the initiative. A spokesperson said, “Butterfield is proud to announce the successful completion of the 2024 Leadership and Entrepreurship Accelerator Programme [LEAP]... Read more of this article
Clarien’s Summer Interns Make Notable Impact
Clarien’s new interns, Maya Dean, Chelsea Correira, and David Goonewardene, made a “significant impact” this summer with their fresh ideas, the company said. A spokesperson said, “As we embrace the final weeks of summer, Clarien is proud to introduce our latest team members—interns Maya Dean, Chelsea Correira, and David Goonewardene—who... Read more of this article
Clarien Bank To Resume Operations On Monday
Clarien Bank will open on Monday [August 19] and resume normal operations. A spokesperson said, “Clarien Bank will resume normal business operations on Monday, August 19 at 8:30 am following closure due to Hurricane Ernesto. A thorough assessment of all facilities and systems has been completed to ensure the safety and security of our clients... Read more of this article
Butterfield Bank Closing Early On Friday
[Updated] Butterfield’s Banking Centres will close early on August 16 due to Hurricane Ernesto, with a planned reopening on August 19th. A spokesperson said, “Please be advised that due to Hurricane Ernesto, all of our Banking Centres will close at 2 p.m. on Friday, August 16, and for the entirety of the weekend. We anticipate reopening... Read more of this article
Butterfield Celebrates Completion Of Internship
Butterfield announced the successful conclusion of its 2024 Summer Internship programme which provided 12 Bermudian students pursuing an undergraduate degree with an opportunity to gain direct experience and knowledge in the world of finance. A spokesperson said, “The nine-week programme aimed to equip all participants with new skills and learning... Read more of this article
Butterfield Share Repurchases For July 2024
The Bank of N.T. Butterfield & Son Limited informed the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company repurchased for cancellation 320,088 common shares at an average price of $37.52 per share in July 2024. Related Stories Butterfield Senior Management Appointments Bank... Read more of this article
Butterfield Reports Second Quarter 2024 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended June 30, 2024. A spokesperson said, “Net income for the second quarter of 2024 was $50.6 million, or $1.09 per diluted common share, compared to net income of $53.4 million, or $1.13 per diluted common share, for the previous quarter and $61.0... Read more of this article
