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HSBC Somerset Branch Closed Until January 19

HSBC Somerset Branch Closed Until January 19

“In addition to the Church Street Branch which has been temporarily closed since January 14th, the Somerset Branch will be closed from Monday, January 17th until Wednesday, January 19th,” HSBC Bermuda announced today. “The decision to close has been made due to the current increase of Covid-19 cases and has been taken as a precautionary... Read more of this article

Butterfield Share Repurchases For Dec 2021

Butterfield Share Repurchases For Dec 2021

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of December 2021, the Bank repurchased for cancellation 38,000 Common Shares at an average price of $37.22 per share.Related StoriesButterfield Share Repurchases For Oct 2021 Butterfield Banking Hours And Appointments Butterfield... Read more of this article

Commercial Bank Appoint Neville Grant As CEO

Commercial Bank Appoint Neville Grant As CEO

The Bermuda Commercial Bank announced that Neville Grant has been appointed their Chief Executive Officer. A spokesperson said, “At the December meeting of the Board of Directors, Neville Grant was appointed as the Chief Executive Officer of Bermuda Commercial Bank Limited [BCB]. “Following a successful transition period, Neville steps into... Read more of this article

Butterfield Donates Holiday Hampers & Funds

Butterfield Donates Holiday Hampers & Funds

Butterfield has donated holiday hampers to the Christ Church Warwick Feeding Programme and is also donating the funds raised from its annual employee raffle to the Loads of Love programme. A spokesperson said, “This holiday season Butterfield has partnered with Christ Church Warwick to support members of the community who are homeless or find themselves... Read more of this article

Clarien Bank To Move To Point House Location

Clarien Bank To Move To Point House Location

Clarien Bank will be moving to Point House on Front Street, with about half their workforce to move to the new location — where the company will occupy the majority of the ground floor and the entire first floor — and is set to offer new innovations including a digital lounge equipped with iPads for client use. A spokesperson said, “Clarien... Read more of this article

Butterfield: ‘Bank Of Year’ & ‘Best Private Bank’

Butterfield: ‘Bank Of Year’ & ‘Best Private Bank’

The Bank of Butterfield has been named The Banker’s “Bank of the Year 2021” in Bermuda, and also awarded “Best Private Bank 2022” in both Bermuda and the Cayman Islands by Global Finance. A spokesperson said, “The Bank of N.T. Butterfield & Son Limited [Butterfield] has been named The Banker’s “Bank of the Year 2021” in Bermuda. The... Read more of this article

Butterfield Share Repurchases For Oct 2021

Butterfield Share Repurchases For Oct 2021

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of October 2021, the Bank repurchased for cancellation 42,000 Common Shares at an average price of $37.78 per share.Related StoriesButterfield Share Repurchases For Dec 2021 Butterfield Reports Third Quarter 2021 Results Butterfield... Read more of this article

Bank of Butterfield Promotes Shawnette Griffin

Bank of Butterfield Promotes Shawnette Griffin

The Bank of Butterfield announced that Shawnette Griffin has been promoted to the new role of Senior Vice President, Head of Retail Banking and Operations, Bermuda. A spokesperson said, “Shawnette has worked with Butterfield for over 30 years. She started her career as a trust administrator and transitioned to loans before working her way up... Read more of this article

Clarien Bank Launch Digital Account Opening

Clarien Bank Launch Digital Account Opening

Clarien Bank is offering a new “account onboarding application that takes just 15 minutes, completed 100% online” which is “designed to allow clients to stress less about bank lines and reduce the paperwork traditionally required to open a new account.” A spokesperson said, “In a first for the Bermuda market, Clarien is attracting... Read more of this article

Butterfield Reports Third Quarter 2021 Results

Butterfield Reports Third Quarter 2021 Results

The Bank of N.T. Butterfield & Son Limited has announced its financial results for the third quarter ended September 30, 2021 A spokesperson said, “Net income for the third quarter of 2021 was $39.8 million, or $0.80 per diluted common share, compared to net income of $39.6 million, or $0.79 per diluted common share, for the previous quarter and... Read more of this article

HSBC Comment On Reports Of Redundancies

HSBC Comment On Reports Of Redundancies

“We will work closely with impacted employees who may seek further opportunities within the Bank,” an HSBC spokesperson said. When asked about suggestions there may have been 21 redundancies at the bank, an HSBC spokesperson said: “At HSBC Bank Bermuda Limited we continuously review the roles required to make the bank fit for the future and... Read more of this article

Clarien Bank Appoints Miguel DaPonte

Clarien Bank Appoints Miguel DaPonte

Clarien Bank announced the appointment of Miguel DaPonte to VP, Investment Manager. A spokesperson said, “Clarien Bank is pleased to announce the appointment of Miguel DaPonte to VP, Investment Manager, responsible for the growth of new business, as well as the development and execution of investment strategies for ultra- high-net-worth, high-net-worth,... Read more of this article

‘Limited Persons Will Be Given Access To Branch’

‘Limited Persons Will Be Given Access To Branch’

Citing the “current Covid outbreak,” Clarien said they have “made adjustments to its teller operations and its overall banking services with immediate effect.” A spokesperson said, “As a result of the current Covid outbreak and out of an abundance of caution for both our employees and clients, Clarien has made adjustments... Read more of this article