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Bank Of Butterfield Adjusts Loan Base Rates

Bank Of Butterfield Adjusts Loan Base Rates

The Bank of N.T. Butterfield & Son Limited announced that, in alignment with today’s 25 basis point increase in the US Federal Funds Rate, the Bank has adjusted its Bermuda Dollar Base Rates on Bermuda Dollar loans. “The Bermuda Dollar Base Rate for residential mortgages and consumer loans will increase from 4.00% to 4.25%. The Bermuda Dollar... Read more of this article

HSBC Workforce Strive To Eliminate Hunger

HSBC Workforce Strive To Eliminate Hunger

In partnership with the Eliza DoLittle Society [TEDS], the Anglican Cathedral and the Salvation Army, the staff of HSBC rolled up their sleeves in an effort to address the issue of hunger in Bermuda. From October 2016 through to February 2017, the Bank launched its first bank-wide, team based volunteering programme comprising of 10 – 15 employees... Read more of this article

HSBC Bank Highlights 2016 Year End Results

HSBC Bank Highlights 2016 Year End Results

HSBC Bank Bermuda has posted their 2016 year end results, with CEO Mark Watkinson saying “I am delighted with HSBC Bermuda’s performance in 2016.” A spokesperson said, “HSBC Bank Bermuda Limited’s total operating income before loan impairment charges reduced by US$23m or 8% reflecting the disposal of the bank’s Private Banking... Read more of this article

Butterfield Bank: Pricing Of Secondary Offering

Butterfield Bank: Pricing Of Secondary Offering

The Bank of Butterfield today [Feb 23] announced the pricing of a registered secondary offering by certain selling shareholders of 9,555,794 of Butterfield’s voting ordinary shares at a price to the public of $31.75 per share. “Butterfield will not receive any of the proceeds from the sale of the shares,” the Bank said. “The shares... Read more of this article

Butterfield Bank To Launch Secondary Offering

Butterfield Bank To Launch Secondary Offering

The Bank of Butterfield today announced that certain of its shareholders, including affiliates of The Carlyle Group, intend to offer 9,555,794 shares of Butterfield’s voting ordinary shares, par value $0.01 per share, in an underwritten public offering. “In addition, the Selling Shareholders intend to grant the underwriters a 30-day option... Read more of this article

Bank Of Butterfield Secondary Offering Of Stock

Bank Of Butterfield Secondary Offering Of Stock

The Bank of Butterfield announced today [Feb 13] that it plans to conduct a registered public secondary offering of shares of its common stock. “All of the shares sold in the offering will be sold by certain selling shareholders. The selling shareholders have not yet determined the number of shares to be offered, and the timing of the offering... Read more of this article

Bank Of Butterfield 2016 Net Income: $115.9M

Bank Of Butterfield 2016 Net Income: $115.9M

The Bank of N.T. Butterfield & Son Limited today [Feb 13] announced net income for the year ended 31 December 2016 of $115.9 million, an increase of $38.2 million compared to $77.7 million earned a year ago. The $42 million premium on the preference share redemption resulted in a $0.05 per share decrease in earnings per share to $1.18. After removing... Read more of this article

Clarien Raises $14,810 For Meals On Wheels

Clarien Raises $14,810 For Meals On Wheels

The annual Holiday GiveBack Campaign held by Clarien Bank raised almost $15,000 for Meals on Wheels. Clarien Bank CEO Ian Truran today presented Allison Garland, Volunteer Services coordinator of Meals on Wheels, and Alexa Petty, Operations and Food Services of Meals on Wheels, with a cheque for $14,810. Since 2010, the annual campaign has donated more... Read more of this article

Clarien & BHC Offering Mortgage Programme

Clarien & BHC Offering Mortgage Programme

Clarien Bank and the Bermuda Housing Corporation [BHC] announced they are to “partner in an innovative new programme to enable more Bermudians to own their own homes.” “Under the HomeStart programme, Clarien is making $25 million worth of new mortgages available with up to 100% financing available to existing BHC tenants or clients... Read more of this article

Clarien Bank Wins Wealth Management Award

Clarien Bank Wins Wealth Management Award

Clarien Bank has been named Best Wealth Management Provider, Bermuda by World Finance magazine. The Wealth Management Awards 2016 were announced in the January-February 2017 issue of the prestigious and influential global publication. Clarien was one of 40 financial institutions across the world to be honoured. In announcing the awards, the magazine... Read more of this article

Clarien Bank To Increase Base Lending Rates

Clarien Bank To Increase Base Lending Rates

Effective January 16, 2017, Clarien Bank Limited will be increasing its BMD$ personal base lending rate by 25 basis points [0.25%] from 3.75% to 4.00% and its BMD$ commercial base lending rate by 25 basis points [0.25%] from 4.00% to 4.25%. “These increases are as a result of changes to the US Federal Reserve Rates in 2016,” a spokesperson... Read more of this article

Bank Of Butterfield: ‘This Statement Is False’

Bank Of Butterfield: ‘This Statement Is False’

In response to incorrect information circulating on social media, the Bank of Butterfield moved to assure customers that “this statement is false and that it is safe to conduct banking transactions using Butterfield ATMs.”A Bank spokesperson said, “There is a message being circulated in our community over social media channels indicating... Read more of this article

HSBC Bermuda Donates To Salvation Army

HSBC Bermuda Donates To Salvation Army

The spirit of Christmas was alive and well last week when HSBC Bermuda made their annual Christmas donation to The Salvation Army at HSBC’s offices. Accepting the donation was The Salvation Army’s Major Pitman. Representing HSBC were the Chairman of the Bank’s Board of Directors – Anthony Joaquin, Chief Executive Officer – Mark Watkinson... Read more of this article