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Butterfield Share Repurchases For Oct 2021

Butterfield Share Repurchases For Oct 2021

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of October 2021, the Bank repurchased for cancellation 42,000 Common Shares at an average price of $37.78 per share. Related StoriesButterfield Reports Third Quarter 2021 Results Butterfield Banking Hours... Read more of this article

Bank of Butterfield Promotes Shawnette Griffin

Bank of Butterfield Promotes Shawnette Griffin

The Bank of Butterfield announced that Shawnette Griffin has been promoted to the new role of Senior Vice President, Head of Retail Banking and Operations, Bermuda. A spokesperson said, “Shawnette has worked with Butterfield for over 30 years. She started her career as a trust administrator and transitioned to loans before working her way up... Read more of this article

Clarien Bank Launch Digital Account Opening

Clarien Bank Launch Digital Account Opening

Clarien Bank is offering a new “account onboarding application that takes just 15 minutes, completed 100% online” which is “designed to allow clients to stress less about bank lines and reduce the paperwork traditionally required to open a new account.” A spokesperson said, “In a first for the Bermuda market, Clarien is attracting... Read more of this article

Butterfield Reports Third Quarter 2021 Results

Butterfield Reports Third Quarter 2021 Results

The Bank of N.T. Butterfield & Son Limited has announced its financial results for the third quarter ended September 30, 2021 A spokesperson said, “Net income for the third quarter of 2021 was $39.8 million, or $0.80 per diluted common share, compared to net income of $39.6 million, or $0.79 per diluted common share, for the previous quarter and... Read more of this article

HSBC Comment On Reports Of Redundancies

HSBC Comment On Reports Of Redundancies

“We will work closely with impacted employees who may seek further opportunities within the Bank,” an HSBC spokesperson said. When asked about suggestions there may have been 21 redundancies at the bank, an HSBC spokesperson said: “At HSBC Bank Bermuda Limited we continuously review the roles required to make the bank fit for the future and... Read more of this article

Clarien Bank Appoints Miguel DaPonte

Clarien Bank Appoints Miguel DaPonte

Clarien Bank announced the appointment of Miguel DaPonte to VP, Investment Manager. A spokesperson said, “Clarien Bank is pleased to announce the appointment of Miguel DaPonte to VP, Investment Manager, responsible for the growth of new business, as well as the development and execution of investment strategies for ultra- high-net-worth, high-net-worth,... Read more of this article

‘Limited Persons Will Be Given Access To Branch’

‘Limited Persons Will Be Given Access To Branch’

Citing the “current Covid outbreak,” Clarien said they have “made adjustments to its teller operations and its overall banking services with immediate effect.” A spokesperson said, “As a result of the current Covid outbreak and out of an abundance of caution for both our employees and clients, Clarien has made adjustments... Read more of this article

Butterfield Banking Hours And Appointments

Butterfield Banking Hours And Appointments

The Bank of Butterfield today announced that beginning Monday [Sept 13] and “until further notice, Butterfield Banking Centres will operate reduced hours and their corporate offices will be by appointment only.” “Butterfield’s Banking Centres will now be open 9:00a.m. – 2:00p.m., Monday to Friday. To protect members of the public... Read more of this article

EY & IIF Conduct Bank Risk Management Survey

EY & IIF Conduct Bank Risk Management Survey

“More than nine in ten [91%] surveyed bank chief risk officers [CROs] view climate change as the top emerging risk over the next five years,” according to the EY and Institute of International Finance [IIF] bank risk management survey. A spokesperson said, “Banks regard climate change as their top long-term risk, according to the EY... Read more of this article

HSBC Embraces ‘Climate Ambition’ For Bermuda

HSBC Embraces ‘Climate Ambition’ For Bermuda

HSBC Bermuda is integrating HSBC’s Climate Ambition into their business considerations and operations and are prioritising “financing and investment in support of the transition to a net zero global economy.” A spokesperson said, “In October 2020, HSBC Group announced its ambitious plan to prioritise financing and investment in... Read more of this article

Butterfield Bank Reports Q2 2021 Results

Butterfield Bank Reports Q2 2021 Results

The Bank of N.T. Butterfield & Son Limited has announced its financial results for the second quarter of 2021. A spokesperson said, “The Bank of N.T. Butterfield & Son Limited announced financial results for the second quarter ended June 30, 2021. “Net income for the second quarter of 2021 was $39.6 million, or $0.79 per diluted... Read more of this article

Sale Of Bermuda Commercial Bank Completed

Sale Of Bermuda Commercial Bank Completed

Somers Limited has “completed the sale” of Bermuda Commercial Bank [BCB] to Provident Holdings Ltd for a “total consideration of $72.8 million,” the company has confirmed. A spokesperson said, “Somers Limited, a BSX listed financial services investment holding company, announces that further to the Company’s announcement... Read more of this article

Bermuda Commercial Bank Donates To Charities

Bermuda Commercial Bank Donates To Charities

Bermuda Commercial Bank donated $5,000 each to three charities, with The Eliza Dolittle Society, Woman’s Resource Centre and Centre Against Abuse all receiving funds. “BCB’s Chief Executive Officer, Hubert Esperon distributed the donations, noting that this was the second such donation to these three specific charities since the pandemic began,... Read more of this article