Hashtag: #BermudaBanks
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
Butterfield Open House During Harbour Nights
Butterfield invites the public to come and view its reopened Front Street Banking Centre this Wednesday [May 24], 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... Read more of this article
Newly Renovated Banking Centre To Reopen
On Monday, May 22, Butterfield will reopen the doors to their Front Street Banking Centre following a complete renovation. A spokesperson said, “As part of the transition, the Reid Street Banking Centre will close permanently, with all staff relocated to Front Street. “Butterfield’s Banking Centre at 65 Front Street, which first opened in 1923,... Read more of this article
BMA Invites Feedback On Bank OTL Fees
“The Banks and Deposit Companies Act 1999 was recently amended [in section 60[2]], to enable the Minister of Finance to ‘regulate any commercial or operational business fee, charge or penalty’ applied by banks to their customers,” the Bermuda Monetary Authority said. A spokespeson said, “In this connection, the Bermuda... Read more of this article
Butterfield Adjusts Rates Following Fed Increase
The Bank of Butterfield announced that, in response to the 25 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on 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, consumer... Read more of this article
Butterfield Share Repurchases For April 2023
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of April 2023, the Bank repurchased for cancellation 124, 912 Common Shares at an average price of $25.74 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield... Read more of this article
Butterfield Reports First Quarter 2023 Results
The Bank of Butterfield today announced financial results for the quarter ended March 31, 2023. A spokesperson said, “Net income for the first quarter of 2023 was $62.2 million, or $1.24 per diluted common share, compared to net income of $63.1 million, or $1.26 per diluted common share, for the previous quarter and $44.4 million, or $0.89 per... Read more of this article
Butterfield Share Repurchases For March 2023
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of March 2023, repurchased for cancellation 99,929 Common Shares at an average price of $31.05 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts... Read more of this article
Clarien Acquires Omnium Group Of Companies
Clarien Bank Limited has signed an agreement to acquire Omnium Trust Company Limited [Omnium Trust] and Omnium Corporate Services Limited [Omnium Corporate Services], a boutique practice offering quality trust and corporate administration services. A spokesperson said, “The terms of the acquisition, which strengthens Clarien’s aspiration to be Best... Read more of this article
