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Butterfield Bank: December Share Repurchases

Butterfield Bank: December Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of December 2019, the Bank purchased for Treasury 275,188 Common Shares at an average price of $36.09 per share. Related StoriesButterfield $125M Share Repurchase Program Butterfield Bank: November Share Repurchases Butterfield... Read more of this article

Butterfield $125M Share Repurchase Program

Butterfield $125M Share Repurchase Program

In a filing with the Bermuda Stock Exchange, The Bank of Butterfield announced that has approved a new $125 million ordinary share repurchase program. The filing stated: “The Bank of N.T. Butterfield & Son Limited [Butterfield] today announced that its Board of Directors has approved a new $125 million ordinary share repurchase program [Program]... Read more of this article

Butterfield Bank: November Share Repurchases

Butterfield Bank: November Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of November 2019, the Bank purchased for Treasury 383,600 Common Shares at an average price of $33.79 per share. Related StoriesButterfield Bank: December Share Repurchases Butterfield $125M Share Repurchase Program Butterfield... Read more of this article

HSBC’s Credit Card Alerts Offer Fraud Protection

HSBC’s Credit Card Alerts Offer Fraud Protection

HSBC is introducing credit card alerts to assist in protecting customers against fraud. A spokesperson said, “With over $5 billion in card related fraud losses being reported globally in 2019, every card holder should be aware of the importance of keeping their card data safe. “One of HSBC’s top priorities is to find ways to mitigate this... Read more of this article

Butterfield Bank: October Share Repurchases

Butterfield Bank: October Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of October 2019, the Bank purchased for Treasury 150,000 Common Shares at an average price of $32.58 per share. Related StoriesButterfield Bank: December Share Repurchases Butterfield $125M Share Repurchase Program Butterfield... Read more of this article

Butterfield Reports Third Quarter 2019 Results

Butterfield Reports Third Quarter 2019 Results

The Bank of  Butterfield  announced financial results for the third quarter ended September 30, 2019. Net income for the third quarter was $42.4 million or $0.79 per diluted common share, compared to $38.6 million or $0.72 per common share for the previous quarter and $50.4 million, or $0.90 per common share in the third quarter of 2018. Third quarter... Read more of this article

Bank Of Butterfield’s 2019 Graduate Trainees

Bank Of Butterfield’s 2019 Graduate Trainees

The Bank of N.T. Butterfield & Son Limited has announced its 2019 Graduate Trainees, with Kenya Thompson, Arjah Rogers, Leitonya Edwards and Khaleb Tota joining the Bank’s two-year graduate trainee programme that will prepare them for professional careers in the financial services industry.A spokesperson said, “The Butterfield Graduate... Read more of this article

Bank of Bermuda Foundation: 3 New Directors

Bank of Bermuda Foundation: 3 New Directors

The Bank of Bermuda Foundation has announced the appointment of three new Directors to its Board, including Lisa Howie, Dr. Julie Dunstan, and Christa Schweizer. A spokesperson said, “Earlier this year the Foundation ran a series of advertisements looking for members of the community interested in volunteering their time and expertise towards... Read more of this article

Bank Of Butterfield Decreases Loan Rates

Bank Of Butterfield Decreases Loan Rates

The Bank of Butterfield announced that, in step with the recent 25 basis point decrease in the US Federal Funds Rate, the Bank is decreasing its interest rates on personal loans and mortgages. “The base rate for Bermuda dollar residential mortgages and consumer loans will decrease by 0.25% to 5.25%,” a spokesperson said. “The rate... Read more of this article

Clarien Bank Resumes Normal Operations Friday

Clarien Bank Resumes Normal Operations Friday

Clarien Bank Limited will resume all business operations post Hurricane Humberto on Friday, September 20. The Hamilton and Paget Plaza locations will open at 8:30am per normal for in-branch services. Clarien Bank Limited CEO Ian Truran commented: “Our priority is always the safety of our clients and employees. We have completed a thorough assessment... Read more of this article

Hurricane Humberto: Butterfield Closures

Hurricane Humberto: Butterfield Closures

Due to the approach of Hurricane Humberto, Butterfield Banking Centre will close at 11.30am tomorrow [Sept 18], and all other Butterfield departments will close at 12.00pm. A spokesperson said, “Due to the approach and potential impact of Hurricane Humberto, Butterfield Banking Centres in Bermuda will close at 11:30 a.m. tomorrow, Wednesday, 18... Read more of this article

Clarien Bank Welcomes Sean Moran As SVP

Clarien Bank Welcomes Sean Moran As SVP

Clarien Bank today announced the appointment of Sean Moran as Senior Vice President, Head of Business Development. With more than 20 years’ experience in the financial services industry in Bermuda, Asia and North America, Mr. Moran will be responsible for leading and coordinating Clarien’s business development and sales efforts, primarily for the... Read more of this article

Restructuring At Butterfield, Jobs Being Moved

Restructuring At Butterfield, Jobs Being Moved

Due to a “restructuring” that will result in some Bermuda-based positions being moved to Canada, twelve Butterfield employees in Bermuda “were given advance notice that their positions will be moved in the coming months” and “Butterfield is working to find alternative roles within the Bank for impacted employees.” A... Read more of this article