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Clarien Bank Launches GiveBack Programme

Clarien Bank Launches GiveBack Programme

Clarien Bank Limited has launched its 10th annual Holiday GiveBack Programme and encouraged its employees, customers and the community at large to celebrate the season of giving by making donations that will again benefit Meals on Wheels. The Clarien Foundation will match, to a capped amount, all donations made between November 21 and December 31 through... Read more of this article

Butterfield To Effect Mandatory Redemption

Butterfield To Effect Mandatory Redemption

The Bank of N.T. Butterfield & Son Limited today [Nov 10] announced that it will effect a mandatory redemption of its 8.00% Non-Cumulative Perpetual Limited Voting Preference Shares par value $0.01 per share on December 15, 2016. A spokesperson said, “The Board of Directors determined that it is an appropriate time to redeem the Preference... Read more of this article

Bank Of Butterfield 2016 Q3 Net Income: $24M

Bank Of Butterfield 2016 Q3 Net Income: $24M

The Bank of Butterfield & Son today announced net income for the third quarter ended 30 September 2016 of $24.0 million, a decrease of $4.8 million compared to $28.8 million earned in the same quarter a year ago, resulting in earnings per share of $0.41 on a fully diluted basis. During the quarter, the Bank made important strategic progress, completing... Read more of this article

HSBC To Invest $3M In Harbourview & Compass

HSBC To Invest $3M In Harbourview & Compass

Saying that they have a “very successful business in Bermuda,” HSBC Bermuda said they “will be investing in the region of USD3.0 million in the Harbourview Centre and Compass Point properties.” Mark Watkinson, HSBC Bermuda’s CEO, said: “We have a very successful business in Bermuda. This can be attributed to the strong... Read more of this article

BCB Receives Deutsche Bank Payments Award

BCB Receives Deutsche Bank Payments Award

Bermuda Commercial Bank Limited [BCB], has received the 2015 Deutsche Bank payments award for the “exceptional quality of payment messages” to Deutsche Bank’s Global Transaction Banking Operations unit for payments in euros during the 2015 fiscal year. A spokesperson said, “Last year, BCB processed approximately $30 billion in total payments... Read more of this article

Bank Of Butterfield’s Outlook Is Revised To Stable

Bank Of Butterfield’s Outlook Is Revised To Stable

Moody’s affirmed the ratings of Bank of Butterfield and changed the outlook to stable from negative, saying that the outlook change was “driven by Butterfield’s stronger capitalization following its new common share offering” and that “Bermuda’s recovering economy also supports a stable outlook.”In affirming... Read more of this article

Karl: Clarien Bank Will Closed On Saturday

Karl: Clarien Bank Will Closed On Saturday

Clarien Bank Limited will be closed Saturday, September 24 in anticipation of the impending approach and aftermath of Tropical Depression Karl. “Although access to branch lobbies will be unavailable, customers may access the ATM area of the 19 Reid branch by swiping any Clarien or non-Clarien debit or credit card,” the Bank said. “However,... Read more of this article

Bank Of Butterfield Announces Closing Of IPO

Bank Of Butterfield Announces Closing Of IPO

In a filing with the Bermuda Stock Exchange, the Bank of Butterfield announced the closing of their Initial Public Offering. The filing stated that the Bank announced the closing of its previously announced initial public offering [IPO] of 12,234,042 of its voting ordinary shares at a price to the public of $23.50 per share. “The shares began... Read more of this article

No Immediate Impact On Butterfield’s Ratings

No Immediate Impact On Butterfield’s Ratings

The Bank of Butterfield’s recent offering of common stock does not have any immediate impact on the company’s current ratings and Outlook, according to Fitch Ratings. A statement from the ratings agency said, “On Sept. 16, 2016, BNTB completed a sale of its common shares on the New York Stock Exchange resulting in estimated net proceeds... Read more of this article

Photos & Video: Butterfield IPO Listing At NYSE

Photos & Video: Butterfield IPO Listing At NYSE

[Updated] Bank of Butterfield executives and Premier Michael Dunkley are in New York today [Sept 16] to participate in Butterfield’s IPO listing launch on the New York Stock Exchange [NYSE], which will also feature a performance by the Gombeys, Bermuda branding and NYSE traders clad in Bermuda shorts. Butterfield Bank IPO The Bank of Butterfield... Read more of this article

Bank Of Butterfield Announces Pricing Of IPO

Bank Of Butterfield Announces Pricing Of IPO

In a filing with the Bermuda Stock Exchange [BSX], the Bank of Butterfield announced the pricing of its US initial public offering [IPO] of 10,638,298 of its voting ordinary shares at a price to the public of $23.50 per share, and said it expects trading to commence on the NYSE tomorrow. The filing said, “Butterfield is selling 5,957,447 Common... Read more of this article

BCB Appoints Hubert Esperon As New CEO

BCB Appoints Hubert Esperon As New CEO

Bermuda Commercial Bank Limited [BCB], a Bermuda financial services company, has announced the appointment of Hubert Esperon [pictured] as the new Chief Executive Officer [CEO], effective September 6, 2016. “Hubert Esperon is a veteran executive with diverse international business experience. His 24 years in financial services have included 12... Read more of this article

Butterfield Treasury Shares Buy Back For August

Butterfield Treasury Shares Buy Back For August

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of August 2016, the Bank purchased for Treasury 483 Common Shares at an average price of $1.650 per share. In addition, the Bank did not purchase for cancellation any Preference Shares. Related StoriesButterfield... Read more of this article