Tag: Bermuda banks

Butterfield Bank Q3 2014 Net Income: $22.8M

Butterfield Bank Q3 2014 Net Income: $22.8M

The Bank of N.T. Butterfield & Son Limited today announced net income for the third quarter ended 30 September 2014 of $22.8 million [$0.03 per share on a fully diluted basis] compared to $21.6 million [$0.03 per share on a fully diluted basis] in the same quarter a year ago. Core earnings[1] for the third quarter were $27.1 million, an improvement... Read more of this article

Clarien Bank’s Notice For Hurricane Gonzalo

Clarien Bank’s Notice For Hurricane Gonzalo

Clarien Bank said they will “cease all operations effective Thursday, 16 October at 1pm in preparation for the impending approach and immediate aftermath of Hurricane Gonzalo. The Paget Plaza and Hamilton branch locations will remain closed through the weekend. “Customers are encouraged to complete all ACH and wire transactions by 12 noon... Read more of this article

HSBC Notice: Hours Changed Due To Gonzalo

HSBC Notice: Hours Changed Due To Gonzalo

Due to Hurricane Gonzalo planning to making an unappreciated visit to us, there will be an interruption to HSBC branch hours of operation. HSBC Bermuda branches will close at 1:00pm on Thursday [Oct 16] and remain closed on Friday. A spokesperson said, “In accordance with HSBC Bank of Bermuda Limited‘s Business Continuity Plan, the requisite... Read more of this article

Bank Of Butterfield To Close At 1pm On Thurs.

Bank Of Butterfield To Close At 1pm On Thurs.

The Bank of N.T. Butterfield & Son Limited said hat due to the approach and potential impact of Hurricane Gonzalo, Butterfield Banking Centres and offices will close at 1:00 p.m. on Thursday, 16 October and will remain closed on Friday, 17 October and Saturday, 18 October. A spokesperson said, “The safety of our customers and employees is... Read more of this article

BCB Sponsors Bermuda Olympic Association

BCB Sponsors Bermuda Olympic Association

Bermuda Commercial Bank [BCB], its parent company, BSX listed Somers Limited and Bermuda based Fund Manager, ICM Limited, wil be sponsoring the Bermuda Olympic Association [BOA] for the next four years. The BOA was formed in 1936 to promote Bermuda’s representation at the Olympic Games and other international games, such as the Pan Am Games, Commonwealth... Read more of this article

Butterfield Introduces First Multi-Currency ATM

Butterfield Introduces First Multi-Currency ATM

The Bank of Butterfield has unveiled the island’s first multi-currency ATM in the newly refurbished international departures lounge at L.F. Wade International Airport. The ATM, which is located airside [past security] outside the British Airways Lounge, dispenses Canadian dollars, Great Britain Pounds and Euros. Sean Lee, Executive Vice President... Read more of this article

Shawn Beber Joins Bank Of Butterfield Board

Shawn Beber Joins Bank Of Butterfield Board

The Bank of N.T. Butterfield & Son Limited today announced that Shawn Beber has joined its Board as a non-executive Director. Mr. Beber was nominated for appointment to the Board by Canadian Imperial Bank of Commerce [CIBC] to replace Victor Dodig, as one of its two representatives on Butterfield’s 10-member Board. Mr. Dodig resigned from the... Read more of this article

Clarien Bank Appoints Thomas Sowanick

Clarien Bank Appoints Thomas Sowanick

Clarien Bank Limited has today announced the appointment of Thomas Sowanick [pictured] as consultant Chief Investment Officer. Mr. Sowanick will be the bank’s lead investment advisor, responsible for advising and supporting senior management with product development, sales and other business functions across the bank. Mr. Sowanick’s appointment... Read more of this article

Clarien Bank’s Award & Scholarship Winners

Clarien Bank’s Award & Scholarship Winners

Clarien Bank announced the winners of both the Clarien Chairman’s Award and the Clarien Employee Scholarship Programme. Both initiatives were created to reward excellence in the organization and further demonstrate the bank’s ongoing commitment to its employees. The Chairman’s Award, given to an individual who has demonstrated exceptional employee... Read more of this article

Commercial Bank: Net Income of $11.8 Million

Commercial Bank: Net Income of $11.8 Million

Bermuda Commercial Bank Limited [BCB], a Bermuda financial services company, has revealed its results for the nine month period ended on June 30, 2014, with a consolidated net income of $11.8 million [2013: $6.8 million], assets totaling $596.3 million [2013: $591.7 million], capital increased to $122.5 million [2013: $109.5 million], regulatory capital... Read more of this article


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