Hashtag: #BermudaBanks
Butterfield Bank August Share Repurchases
The Bank of Butterfield repurchased for cancellation 351,110 common shares at an average price of $36.15 per share in August 2024. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company... Read more of this article
Zea Swainson Completes LEAP Programme
Butterfield’s 2024 Leadership and Entrepreneurship Accelerator Programme has successfully concluded, with six young women, including Bermuda’s Zea Swainson, completing the initiative. A spokesperson said, “Butterfield is proud to announce the successful completion of the 2024 Leadership and Entrepreurship Accelerator Programme [LEAP]... Read more of this article
Clarien’s Summer Interns Make Notable Impact
Clarien’s new interns, Maya Dean, Chelsea Correira, and David Goonewardene, made a “significant impact” this summer with their fresh ideas, the company said. A spokesperson said, “As we embrace the final weeks of summer, Clarien is proud to introduce our latest team members—interns Maya Dean, Chelsea Correira, and David Goonewardene—who... Read more of this article
Clarien Bank To Resume Operations On Monday
Clarien Bank will open on Monday [August 19] and resume normal operations. A spokesperson said, “Clarien Bank will resume normal business operations on Monday, August 19 at 8:30 am following closure due to Hurricane Ernesto. A thorough assessment of all facilities and systems has been completed to ensure the safety and security of our clients... Read more of this article
Butterfield Bank Closing Early On Friday
[Updated] Butterfield’s Banking Centres will close early on August 16 due to Hurricane Ernesto, with a planned reopening on August 19th. A spokesperson said, “Please be advised that due to Hurricane Ernesto, all of our Banking Centres will close at 2 p.m. on Friday, August 16, and for the entirety of the weekend. We anticipate reopening... Read more of this article
Butterfield Celebrates Completion Of Internship
Butterfield announced the successful conclusion of its 2024 Summer Internship programme which provided 12 Bermudian students pursuing an undergraduate degree with an opportunity to gain direct experience and knowledge in the world of finance. A spokesperson said, “The nine-week programme aimed to equip all participants with new skills and learning... Read more of this article
Butterfield Share Repurchases For July 2024
The Bank of N.T. Butterfield & Son Limited informed the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company repurchased for cancellation 320,088 common shares at an average price of $37.52 per share in July 2024. Related Stories Butterfield Senior Management Appointments Bank... Read more of this article
Butterfield Reports Second Quarter 2024 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended June 30, 2024. A spokesperson said, “Net income for the second quarter of 2024 was $50.6 million, or $1.09 per diluted common share, compared to net income of $53.4 million, or $1.13 per diluted common share, for the previous quarter and $61.0... Read more of this article
Clarien Bank Unveils ESG Strategy Updates
Clarien Bank announced the latest updates in its commitment to Environmental, Social, and Governance [ESG] considerations, a field they said is “quickly becoming indispensable for businesses worldwide, including those in the banking sector.” A spokesperson said, “Recognising that adopting robust ESG practices is no longer a matter... Read more of this article
Butterfield Bank Announces June Repurchases
The Bank of N.T. Butterfield & Son Limited notified the Bermuda Stock Exchange that it repurchased and canceled 237,074 common shares at an average price of $33.65 per share in June 2024. The filing stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange... Read more of this article
Cornerstone Acquires Controlling Interest In CGL
Clarien Bank Limited announced that, pending regulatory approvals, Cornerstone Financial Holdings Ltd or its nominee, will acquire a controlling interest in Clarien Group Limited [CGL]. A spokesperson said, “Clarien Bank Limited [the Bank /Clarien], a leading financial institution on the Island, is pleased to announce that, pending regulatory approvals,... Read more of this article
Protecting Seniors Against Financial Abuse
The Bermuda Bankers Association announced support for World Elder Abuse Awareness Day on June 15, highlighting the need to recognize and prevent financial abuse, especially among older adults. A spokesperson said, “The Bermuda Bankers Association supports World Elder Abuse Awareness Day, which takes place each year on June 15th. This is an opportunity... Read more of this article
