Hashtag: #BankOfButterfield
Butterfield Bank Reports Second Quarter Profit
The Bank of N.T. Butterfield & Son Limited today [July 31] reported second quarter net income of $16.2 million [$0.02 per share on a fully diluted basis], up 37.7% compared to $11.8 million in the second quarter of 2011 and up $1.5 million over the $14.7 million recorded in the first quarter of 2012. Cash earnings [before amortisation of intangibles]... Read more of this article
Butterfield Trust Makes Cayman Appointments
Butterfield Trust in the Cayman Islands has appointed Brian Balleine to the position of Senior Vice President and Head of Trust and Gina Nelson to the position of Head of Business Development in the jurisdiction. Mr. Balleine will lead a team of 26 trust specialists. Ms. Nelson will focus her attention on business development activity in the region. Mr.... Read more of this article
Butterfield Bank, BCB Share Transactions
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of June, 2012, the Bank repurchased for Treasury: 530,914 common shares at an average cost of $1.242 per share. In another filing with the Bermuda Stock Exchange, Bermuda Commercial Bank Limited gave notice of a transaction in... Read more of this article
New Butterfield Vice Chairman: Barclay Simmons
The Board of Directors of The Bank of N.T. Butterfield & Son Limited today [June 28] announced that Barclay Simmons has been appointed Vice Chairman, filling the role vacated by Robert Steinhoff upon his retirement on 1 May 2012. Mr. Simmons has served on the Bank’s Board as a Non-Executive Director and a member of the Risk Policy & Compliance... Read more of this article
Butterfield Bank Ratings Unaffected By Downgrade
Fitch Ratings issued a statement saying the Bank of Butterfield’s ratings are “unaffected” by Fitch’s downgrade of Bermuda, the rating agency said today. Earlier today [June 26] Fitch downgraded Bermuda to ‘AA’ from ‘AA+’, saying the downgrade “reflects its weak macroeconomic performance relative to peers, deteriorating... Read more of this article
Butterfield Bank Hires New Legal Team
[Updated] The Bank of N.T. Butterfield & Son Limited announced that on 13 August 2012, Shaun Morris [pictured] will join the Bank as General Counsel and Group Chief Legal Officer and Benjamin Dyer will join the Bank as Deputy General Counsel. Mr. Morris has served as a non-executive Director on the Bank’s Board since 2007. He will retire as a... Read more of this article
Alastair Barbour Joins Butterfield’s Board
The Board of Directors of The Bank of N.T. Butterfield & Son Limited today [May 23] announced that Alastair Barbour has been appointed a non-executive Director, filling the vacancy created by Robert Steinhoff who retired following the 2012 Annual General Meeting. Mr. Barbour is a Chartered Accountant with more than 25 years experience providing... Read more of this article
Fitch Affirms Bank Of Butterfield’s Ratings
Credit rating agency Fitch has affirmed the Bank of N.T. Butterfield & Son Limited long-term issuer default rating (“IDR”) at A- and its short-term IDR at F1. The Rating Outlook remains Stable. Brad Kopp, Butterfield’s President & Chief Executive Officer, said, “We are pleased that Fitch has affirmed our short-term and long-term ratings,... Read more of this article
Bank Of Butterfield Sell Barbados Bank For $45M
The Bank of N.T. Butterfield & Son Limited has reached an agreement to sell its wholly-owned Barbados subsidiary, Butterfield Bank (Barbados) Limited, to Trinidad and Tobago-based First Citizens Bank Limited. Pending regulatory approval, the sale is expected to be completed during the third quarter of 2012 with gross proceeds, subject to normal... Read more of this article
Butterfield Bank Ranks #1 In Euromoney Survey
Euromoney has recognised The Bank of N.T. Butterfield & Son Limited as providing Bermuda’s “Best Private Banking Services Overall” in its 2012 Global Private Banking Survey. Butterfield was also ranked number one in Bermuda for “Relationship Management” and its “Range of Investment Products”. In the Cayman Islands, Butterfield Bank... Read more of this article
Bermudian McIntosh On Leaders List
Bermudian Pearline McIntosh is among the senior Bank of N.T. Butterfield & Son Ltd. trustees included on “Citywealth” magazine’s Leaders List 2012. Published monthly, “Citywealth” is aimed at high net worth individuals and their advisers and managers who navigate the global wealth industry. Now in its seventh edition,... Read more of this article
Butterfield: 2011 Net Income $40.5M
The Bank of N.T. Butterfield & Son Limited today [Feb.19] announced net income for 2011 of $40.5 million, compared to a reported loss of $207.6 million in 2010. Butterfield President & CEO Bradford Kopp said, “The Bank generated respectable levels of profit in each fiscal quarter, contributing to net income for the year of $40.5 million.... Read more of this article
