Hashtag: #BankOfButterfield
Bermuda Championship Partners With Aspen
The Butterfield Bermuda Championship has partnered with Aspen Bermuda Limited to deliver an “impactful sustainability program.” A spokesperson said, “The Butterfield Bermuda Championship has announced a newfound partnership with Aspen Bermuda Limited for 2022 in their quest to move closer to a more sustainable future for Bermuda’s... Read more of this article
Butterfield Bank Advisory On Hurricane Fiona
Bank of Butterfield is advising the public that due to Hurricane Fiona, all Butterfield Banking Centres in Bermuda will be closing at 12 noon tomorrow [Sept 22] and plan to reopen on Monday, 26 September, at 9.00am. A spokesperson said, Some ATM’s will be temporarily unavailable from tomorrow morning due to hurricane preparations. Any no-wait deposits... Read more of this article
Bank Of Butterfield Adjusts Rates
The Bank of N.T. Butterfield & Son Limited announced that, in response to today’s 75 basis point increase in the target range of the US Federal Funds Rate, it is “adjusting its base interest rates on loans by a quarter of a percentage point [0.25%], absorbing two thirds of the rise.” A spokesperson said, “The change in base rates... Read more of this article
Butterfield: No Share Repurchases In August
In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of August 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield... Read more of this article
Butterfield Preparations For Hurricane Earl
Butterfield is advising the public that due to Hurricane Earl, all Butterfield Banking Centres and offices in Bermuda will be closing at 3.00pm today [Sept 8]. A spokesperson said, “At this time, Butterfield anticipates reopening its Banking Centres tomorrow [Friday, 9 September] at 12 p.m. provided it is safe to do so. “Some ATM’s will be temporarily... Read more of this article
Credit Suisse Signs Agreements With Butterfield
Credit Suisse has signed agreements with Butterfield and Gasser Partner to sell its global trust business. A spokesperson said, “Credit Suisse has signed two agreements to sell the Credit Suisse Trust business to Butterfield and Gasser Partner. All parties are committed to ensuring a seamless transition with a focus on the continuation of services... Read more of this article
Array Of Entertainment For Harbour Nights Finale
The final Harbour Nights of 2022 will take place this Wednesday [Aug 31] and will include the Town Crier, Evolution Gombeys, Big Brothers Big Sisters “How Much Would You Pay To See Me” fundraiser, live musical entertainment by Lyaness, Will B, Pier, and Cush Evans and more. A spokesperson said, “The Bermuda Chamber of Commerce and Butterfield... Read more of this article
Tahj Cox & Brianna Smith Earn Scholarships
Tahj Cox and Brianna Smith have both earned scholarships from Butterfield, with Tahj Cox receiving $30,000 towards his studies of Medicine and Surgery, while Brianna Smith received $25,000 towards her study of Neuroscience. A spokesperson said, “Butterfield has announced this year’s recipients of its annual scholarship programme including two talented... Read more of this article
Butterfield: No Share Repurchases In July 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of July 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield... Read more of this article
Bank Of Butterfield Adjusts Rates
The Bank of Butterfield announced that “in response to today’s 75 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on loans by half a percentage point [0.5%], absorbing a third of the rise.” A spokesperson said, “The change in the US Federal Funds Rate has a significant... Read more of this article
Butterfield: Free Course In Money Management
Butterfield is offering a free class in money management and financial literacy to college and university students between the age of 18 and 30. A spokesperson said, “The hour-long Butterfield 101 Money Management Programme will be held virtually at 6pm on Thursday, 4 August, and will be taught by members of the Retail Banking and Consumer Lending... Read more of this article
Butterfield Reports Second Quarter 2022 Results
The Bank of Butterfield announced financial results for the second quarter ended June 30, 2022. A spokesperson said, “Net income for the second quarter of 2022 was $49.1 million or $0.99 per diluted common share compared to net income of $44.4 million, or $0.89 per diluted common share, for the previous quarter and $39.6 million, or $0.79... Read more of this article
Michael Covell To Retire From Butterfield Board
In a filing with the Bermuda Stock Exchange, the Bank of Butterfield announced that Michael Covell has retired from the Board of Directors effective today [July 25]. Michael Collins, Butterfield’s Chairman and Chief Executive Officer, said, “On behalf of the Board of Directors, I would like to thank Mike for his valuable contributions and insight,... Read more of this article
Butterfield: Saturday Banking & ATM Vestibule
Butterfield announced the return of Saturday banking and also noted that they have opened a new 24-hour ATM vestibule on Front Street. A spokesperson said, “Starting this weekend, the Reid Street Banking Centre in Hamilton will be open to clients from 10 a.m. until 3 p.m. each Saturday. All over-the-counter and personal banking services will be available... Read more of this article
Butterfield Cautions Shareholders About Offer
The Bank of Butterfield confirmed it “has been notified of an unsolicited offer made by New York Stock and Bond LLC to purchase up to 50,000 of Butterfield’s ordinary shares, or approximately 0.1% of shares outstanding, at a price of $21.00 per share” and cautioned “shareholders that the mini-tender offer has been made at a price... Read more of this article
Butterfield: No Share Repurchases In June 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of June 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield... Read more of this article
