Tag: Bermuda banks
Butterfield Bank New Share Buyback Programme
In a filing to the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that, effective 25 March, 2013, it has cancelled the existing Common Share Buyback Programme to implement a new programme for the purchase of up to 10 million Common Shares. The Board of the Bank, at a meeting on 25 March, 2013, approved the repurchase... Read more of this article
Bermuda-Based Firm “Eyes JO Hambro”
Bermuda-based Utilico Investments has emerged as favourite to buy JO Hambro Investment Management from current owner Credit Suisse, the Financial News website is reporting tonight [Mar. 24]. According to one investor, Utilico, led by accountant Duncan Saville, is not the only potential bidder, but he said JO Hambro viewed it as the most sympathetic... Read more of this article
BCB Hosts International Women’s Day Event
On Friday, March 8th Bermuda Commercial Bank Limited invited 90 ladies to join together to attend a motivational breakfast at the Royal Hamilton Amateur Dinghy Club in Paget in celebration of International Women’s Day. International Women’s Day has been observed since the early 1900’s and is an official holiday in several countries including Afghanistan,... Read more of this article
Capital G Bank 2012 Earnings Drop To $1.1M
Capital G Bank Limited announced earnings of $1.1 million for the twelve months ending December 31, 2012, down from the $3.2 million recorded in the previous year. Absent the impact of increased loan loss provisions which were up $5.4 million year-over-year, the Bank generated net income of $6.5 million. President and Chief Executive Officer Ian Truran... Read more of this article
Butterfield Bank Share Repurchases
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of February 2013 the Bank bought for Treasury 83,313 common shares at an average cost of $1.297 per share. The Bank also repurchased and cancelled 129 NTB 8% Preferred shares at an average cost of $1,231.73Related PostsMoody’s... Read more of this article
BCB Supports Female Rugby Programmes
Bermuda Commercial Bank Limited has partnered with the Bermuda Rugby Football Union to help build the Girls’ Youth Programme and recently provided funding for the new BRFU Women’s Rugby kits.The BRFU has recently received government support as well, and has begun implementing primary school, middle school and adult women’s contact and touch... Read more of this article
Smatt Appointed Senior VP, Corporate Banking
The Bank of N.T. Butterfield & Son Limited today announced that Sean Smatt has been appointed Senior Vice President, Corporate Banking. He was previously Senior Vice President, Group Insurance & Funds at Butterfield. In this role, Mr. Smatt will be responsible for the development and day-to-day management of Butterfield’s Corporate Banking... Read more of this article
Eight Employees Made Redundant At Butterfield
Eight employees of the Bank of Butterfield were made redundant today [Mar 4]. A spokesperson for the Bank said, “Butterfield confirms that eight employees in Bermuda were advised today that their positions were made redundant as a consequence of internal reorganisation. “Roles in our Corporate Banking and Investment Services departments... Read more of this article
Butterfield Bank Reports 2012 Full Year Results
The Bank of N.T. Butterfield & Son Limited today announced core earnings for the full year ended 31 December 2012 of $54.9 million [$0.07 per share on a fully diluted basis], up 45.2% compared to $37.8 million a year ago. Net income for the year was $25.6 million, including one-time items that generated a net loss of $29.3 million, compared to net... Read more of this article
Schmalcel To Take On Butterfield Bahamas Role
The Bank of N.T. Butterfield & Son Limited today announced that Ron Schmalcel, who is currently Vice President and Head of Corporate Trust at Butterfield Trust [Bermuda] Limited [a wholly owned subsidiary of the Bank], will relocate to Butterfield’s Nassau, Bahamas office to take on the senior Group role of Vice President of Marketing & Product/Service... Read more of this article
