Hashtag: #BankOfButterfield
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
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 $1,231.73 Related Stories Butterfield... 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
Butterfield Bank Repurchases 207,273 Shares
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of January 2013 the Bank bought for Treasury 207,273 common shares at an average cost of $1.271 per share. The Bank also repurchased and cancelled 88 NTB 8% Preferred shares at an average cost of $1,231.42 Related Stories Butterfield... Read more of this article
Bank Of Butterfield Share Repurchases
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of December 2012 the Bank bought for Treasury 2,578,456 common shares at an average cost of $1.251 per share. The Bank also repurchased and cancelled 3,873 NTB 8% Preferred shares at an average cost of $1,216.53 Related Stories Butterfield... Read more of this article
Butterfield Bank Donates $120K To Charities
The Bank of N.T. Butterfield & Son Limited has provided $120,000 in funding to local human services charities in 2012. Under the Butterfield Hope Award Programme, the Bank donated $10,000 each month to a local registered charity providing assistance to people in need in Bermuda. New this year was an employee voting component that allowed Butterfield... Read more of this article
Fitch Affirms Butterfield Bank’s Ratings
The Bank of N.T. Butterfield & Son Limited announced that credit rating agency Fitch has affirmed Butterfield’s long-term Issuer Default Rating (IDR) at A-, its short-term IDR at F1 and Viability Rating at bb+. The Viability Rating, which represents Fitch’s view as to the intrinsic creditworthiness of an issuer, was placed on Watch Positive... Read more of this article
Butterfield Bank Donates $2K To Youth Rugby
The Bank of N.T. Butterfield & Son Limited made a donation of $2,210 to The Bermuda Rugby Football Union. The funds were raised during the World Rugby Classic through a raffle for an Official World Rugby Classic Match Ball signed by Classic Lion Players and a silent auction of an Official Classic Lion Rugby Jersey also signed by Classic Lion Players. Funds... Read more of this article
Bahamas Bank Of Butterfield Branch Renamed
The Bank of N.T. Butterfield & Son Limited has changed the name of its Nassau-based subsidiary from Butterfield Bank (Bahamas) Limited to Butterfield Trust (Bahamas) Limited to reinforce its commitment to offering trust and fiduciary services from The Bahamas to both local and international clients. In 2011, as part of a growth strategy centred... Read more of this article
