Hashtag: #BermudaBanks
Butterfield Cautions Shareholders About Offer
The Bank of Butterfield has “been notified of an unsolicited offer made by New York Stock and Bond LLC to purchase up to 50,000 of Butterfield’s ordinary shares, or approximately 0.1% of shares outstanding, at a price of £15 per share.” The full filing with the BSX stated: “The Bank of N.T. Butterfield & Son Limited has... Read more of this article
Butterfield Reports Second Quarter 2023 Results
The Bank of N.T. Butterfield & Son Limited announced financial results for the quarter ended June 30, 2023. A spokesperson said, “Net income for the second quarter of 2023 was $61.0 million, or $1.22 per diluted common share, compared to net income of $62.2 million, or $1.24 per diluted common share, for the previous quarter and $49.1 million,... Read more of this article
Clarien Bank Increasing Base Lending Rates
Beginning on September 1, Clarien will be adjusting its Bermuda dollar base lending rate and the bank’s USD Prime base lending rate. A spokesperson said, “Commencing September 1, 2023, Clarien will be adjusting its Bermuda Dollar base lending rate and the bank’s USD Prime base lending rate by a quarter of a percentage point [0.25%]. This... Read more of this article
Butterfield Adjusts Rates Following Fed Increase
The Bank of Butterfield announced that, in response to today’s 25 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on consumer 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... Read more of this article
Benevides & Lee Earn Butterfield Scholarships
Butterfield has awarded its annual scholarships, with Brianna Benevides earning the $30,000 Sir Harry D. Butterfield Undergraduate Scholarship, while Aaliyah Lee received the $25,000 Butterfield Undergraduate Scholarship for Employees’ Children. A spokesperson said, “Butterfield has awarded its annual scholarships to five promising students,... Read more of this article
Family Centre Tag Day To Honour Martha Dismont
The Family Centre, an accredited nonprofit dedicated to improving families’ lives in Bermuda, has announced they “will honour its beloved late founder Martha Dismont, by dedicating the 2023 Annual Cup Match Tag Day to her memory.” A spokesperson said, “Sponsored once again by Clarien Bank, the Tag Day will run between now and Wednesday,... Read more of this article
Butterfield Offers Free Money Management Class
Butterfield is offering a free money management and financial literacy class next week for full-time college and university students between the ages of 18 and 30. A spokesperson said, “The Butterfield 101 Money Management Programme will be held on Thursday, 20 July, from 5:30p.m. on the second floor of Butterfield’s Head Office. Retail banking... Read more of this article
HSBC Recognizes Sharon Jacobs & Debbie Lewis
HSBC Bermuda is celebrating Sharon Jacobs and Debbie Lewis as they reach their 55th and 45th anniversaries of employment with the Bank. A spokesperson said, “As Cup Match approaches and excitement builds both within HSBC Bermuda and across the island, the Bank has further cause for celebrations, as it recognizes two of its longest serving employees. Last... Read more of this article
Butterfield Share Repurchases For June 2023
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of June 2023, the Bank repurchased for cancellation 268,634 Common Shares at an average price of $27.45 per share. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of... Read more of this article
Butterfield Shortlisted For Trust Company Of Year
Butterfield has been shortlisted for Trust Company of the Year [Large Firm] at the prestigious 2023/24 STEP Private Client Awards. A spokesperson said, “The STEP Private Client Awards are seen as the hallmark of quality within the private client industry. “Open to entrants globally, these prestigious Awards recognise and celebrate excellence... Read more of this article
Butterfield Share Repurchases For May 2023
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of May 2023, the Bank repurchased for cancellation 329,520 Common Shares at an average price of $24.98 per share. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield... Read more of this article
Photos & Video: Butterfield Bank Open House
While banks are generally not known for being the most entertaining places, that changed last night as Butterfield Bank held an Open House to showcase their newly renovated and reopened Front Street Banking Centre, with musical performances and original artworks by 17 Bermudian artists on display in what the bank said was a “celebration of local... Read more of this article
Butterfield Bank To Host Open House Tonight
Butterfield invites the public to come and view its reopened Front Street Banking Centre tonight [May 31] from 7-9pm during the first Harbour Nights festival of the 2023 season to mark the building’s 100th anniversary. A spokesperson said, “The design of the fully renovated space was inspired by records and photography of the original 1923 banking... Read more of this article
Clarien Promote Miguel DaPonte, Jennifer Wild
Clarien Bank announced that Miguel DaPonte and Jennifer Wild have been promoted. A spokesperson said, “Clarien Bank is pleased to announce the promotion of two key members of the Bank’s senior management team, Miguel DaPonte and Jennifer Wild. “Mr DaPonte, formerly Clarien’s SVP, Head of Investment Management, has been promoted... Read more of this article
Change On Bank Of Butterfield Board
James Burr is no longer a Director of the Board of Directors of the Bank of Butterfield & Son Limited, as he did not stand for re-election. A spokesperson said, “In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that effective 24 May 2023, Mr. James Burr is no longer a Director of the Board... Read more of this article
Butterfield Front Street Open House Postponed
Butterfield has postponed its planned open house at the reopened Front Street Banking Centre due to bad weather. A spokesperson said, “Instead, the public is invited to come along next Wednesday, 31 May, between 7-9pm to mark the building’s 100th anniversary and view original artworks by 17 Bermudian artists.” Shawnette Griffin, Butterfield’s... Read more of this article
