Hashtag: #BankOfButterfield
UK Butterfield Bank Names New Managing Director
The Bank of N.T. Butterfield & Son Limited today [Nov 25] announced that it has appointed Raymond Sykes Managing Director of its London-based subsidiary, Butterfield Bank (UK) Limited. In this capacity, Mr. Sykes will have management responsibility for Butterfield’s private banking operations in the United Kingdom. Mr. Sykes joined Butterfield... Read more of this article
Cayman: Armed Robbery at Butterfield Bank
Local media in the Cayman Islands is reporting that their branch of The Bank of Butterfield was robbed by two gunmen today [Nov 24]. Reports say that shots were fired, however no one was injured. Cayman media say that unconfirmed reports indicate that there were two masked robbers and that a teller at the bank had a “close call with one of the... Read more of this article
Butterfield Launches New Card: AA Flyer Miles
The Bank of Butterfield has launched a new business credit card, the AAdvantage Business MasterCard Card, which gives business owners the opportunity to earn AAdvantage miles for making business-related purchases. The first of its kind in Bermuda, the Butterfield/AAdvantage MasterCard Business Card is aligned with the American Airlines AAdvantage programme,... Read more of this article
Butterfield Bank Warns of Card Errors
The Bank of N.T. Butterfield & Son Limited wishes to advise persons who used debit and credit cards for purchases in Bermuda between Thursday, 4 November and Tuesday, 9 November 2010 about a recent systems error at a third-party transaction processor that resulted in the locations of certain transactions being incorrectly identified in customers’... Read more of this article
11-Year-Old Saver Wins iPad From Bank
11-year-old customer Zion Simmons is the winner of a new Apple iPad, courtesy of The Bank of N.T. Butterfield & Son Limited annual Young Savers campaign in Bermuda. This summer, every new young person who opened a Young Savers account was automatically entered into a draw to win the iPad. Sean Lee, Executive Vice President and Head of Bermuda Retail... Read more of this article
LOM: Worst May be Over for Butterfield Bank
Despite its recent reduction of staff working hours and third quarter net loss of $18.6 million, the future is looking more assured for the Bank of N.T. Butterfield & Son Ltd. a local business analyst reports. In newly-released findings on the bank, LOM Securities (Bermuda) Limited — which regularly analyses the financial figures, earnings... Read more of this article
Reduced Staff Hours: Butterfield Bank Dept
The Bank of N.T. Butterfield & Son Limited today confirmed that some staff members have been given reduced working hours, which they say was “part of an ongoing focus on expense management.” On November 3rd, the Bank of Butterfield & Son Limited announced a third quarter net loss of $18.6 million. A spokesperson from the Bank confirmed the... Read more of this article
Butterfield Bank Loses $18.6 Million
The Bank of N.T. Butterfield & Son Limited today (Nov 3) announced a third quarter net loss of $18.6 million. This compares to net income of $200,000 for the second quarter of 2010 and net income of $7 million in the third quarter of 2009. After adjusting for preference share dividends, the net loss available to common shareholders was $23.1... Read more of this article
Butterfield Names Jim McPherson Head of Audit
The Bank of N.T. Butterfield & Son Limited today [Oct 4] announced that it has appointed James McPherson Senior Vice President and Head of Group Internal Audit. Mr. McPherson joins Butterfield from Noor Islamic Bank in Dubai where he established audit and risk review functions for the start-up bank in 2007 and subsequently led those functions as... Read more of this article
Butterfield Names Brad Rowse New CFO
The Bank of N.T. Butterfield & Son Limited today [Sept 27] announced that it has appointed Bradley J. Rowse as Executive Vice President & Chief Financial Officer. Mr. Rowse joins Butterfield from Scotiabank in Toronto where he was most recently Senior Vice President and Chief Financial Officer for International Banking, with overall responsibility... Read more of this article
Igor: Bank To Close & Films Cancelled
As many likely anticipated, announcements are starting to come in of cancellations due to the possible arrival of Hurricane Igor this weekend. The Bank of N.T. Butterfield & Son Limited today [Sept 15] announced that “due to the approach and potential impact of Hurricane Igor over the weekend, in-branch banking and drive-thru banking services... Read more of this article
Butterfield Sells Hong Kong & Malta Subsidiaries
The Bank of N.T. Butterfield & Son Limited today [Sept 8] announced that it has sold its trust, wealth management and advisory businesses in Hong Kong and its trust operation in Malta to the founder from whom the businesses were acquired. As a result of the sale, in the third quarter Butterfield will take a charge of approximately $7.8 million,... Read more of this article
