Hashtag: #BankOfButterfield
Butterfield Bank Reports Second Quarter Profit
The Bank of N.T. Butterfield & Son Limited today announced core earnings for the second quarter ended 30 June 2016 of $32.1 million, an improvement of $4.3 million compared to $27.8 million earned in the same quarter a year ago. The core earnings per share increased $0.01 to $0.06 per share. The core return on average tangible common equity improved... Read more of this article
Butterfield’s Reid Street Banking Centre Closed
The Bank of N.T. Butterfield & Son Limited announced that its head office building and Reid Street Banking Centre in the City of Hamilton will be closed for the entire day today [July 21]. A spokesperson said, “The closure is due to restricted access to some sections of Reid and Front Streets resulting from a fire in the City earlier today.... Read more of this article
Butterfield Shortlisted For Citywealth Awards
Butterfield Group announced that it has been shortlisted for consideration for several prestigious 2017 Citywealth International Financial Centre [IFC] awards: Trust Company of the Year – Caribbean Trust Company of the Year – Guernsey Trust Company of the Year – Switzerland Private Bank of the Year – Channel Islands In addition, Alison Parry,... Read more of this article
Butterfield June 2016 Treasury Shares Buy Back
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of June 2016, the Bank purchased for Treasury 205,048 Common Shares at an average price of $1.614 per share. In addition, the Bank did not purchase for cancellation any Preference Shares. Related Stories Butterfield Senior Management... Read more of this article
Fitch Affirms Bank Of Butterfield’s Viability Rating
Fitch Ratings has affirmed Bank of N.T. Butterfield & Son Limited‘s [BNTB] viability rating [VR] at ‘bbb-’, and downgraded BNTB’s support-driven Long-Term Issuer Default Rating [IDR] to ‘BBB’ from ‘A-’. The Rating Outlook is Stable. A statement from the ratings agency said, “The downgrade of the... Read more of this article
Butterfield Group Welcome Proposed Changes
Butterfield Group – which comprises full-service community banking and wealth management operations in the Cayman Islands and Bermuda, and specialised wealth management and fiduciary services operations in Guernsey, Switzerland, Bahamas and the UK — said it welcomes proposed changes to the laws governing the disclosure of confidential... Read more of this article
Butterfield April 2016 Treasury Shares-Buy Back
In a filing with the Bermuda Stock Exchange, the Bank of N.T.Butterfield & Son Limited [the “Bank”] announced that during the month of April 2016, the Bank purchased for Treasury 364,551 Common Shares at an average price of $1.64 per share. In addition, the Bank did not purchase for cancellation any Preference Shares. Related Stories Butterfield... Read more of this article
Michael McWatt Appointed At Butterfield Cayman
The Bank of N. T. Butterfield & Son Limited announced that Michael McWatt [pictured] was named Managing Director, Butterfield Bank [Cayman] Limited, effective 26 April 2016. In this capacity, he will lead Butterfield Group’s Cayman operations and will have overall responsibility for Community Banking functions in Bermuda and Cayman. Mr. McWatt... Read more of this article
Butterfield Explore Transactions Equity Securities
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited Michael Collins, Chief Executive Officer of The Bank of N.T. Butterfield & Son Limited announced that the Bank is considering the merits of alternative transactions in its equity securities. The company said, “These initiatives may include an international... Read more of this article
BBA Present Butterfield With Club Person Of Year
The Bermuda Bicycle Association presented Butterfield and Mr. Curtis Dickinson, Group Head of Private Banking at Butterfield and an avid cyclist, with the award for Club Person of the Year 2015 for their support of the association’s major stage race, the Butterfield Bermuda Grand Prix. Butterfield has been the title sponsor of the event for seven... Read more of this article
Butterfield Completes Migration Of HSBC Trust
Following its acquisition of Bermuda Trust Company Ltd. and the private banking investment management operations of HSBC Bank Bermuda Limited on 29 April 2016, The Bank of N.T. Butterfield & Son Limited today [May 4] announced that former HSBC Bermuda employees, their clients and accounts have successfully transitioned to Butterfield. Butterfield... Read more of this article
Butterfield Acquires Bermuda Trust Company
The Bank of N.T. Butterfield & Son Limited announced that it has completed the acquisition of Bermuda Trust Company Ltd and the private banking investment management operations of HSBC Bank Bermuda Limited. It was announced on 27 October 2015 that Butterfield had agreed to acquire those businesses and additionally take on select HSBC Bermuda private... Read more of this article
