Hashtag: #BermudaBanks
Butterfield Bank Share Repurchase Program
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that its Board of Directors has approved a $90 million ordinary share repurchase program pursuant to which the Bank is authorized to purchase up to 3.5 million of its ordinary shares through December 31, 2024 Michael Collins, Chairman and Chief Executive... Read more of this article
Clarien Donate Flowers To KEMH, Agape House
Clarien Bank donated flowers to King Edward VII Memorial Hospital [KEMH] and Agape House, with “aim to bring joy and hope to the patients, staff, and visitors of the hospital.” A spokesperson said, “Clarien Bank, one of the largest independent integrated financial services organisations in Bermuda, is pleased to announce its recent... Read more of this article
‘Provide Basic Banking Services To All Residents’
“We will legislate the requirement for licensed banks to have a duty to provide basic banking services to all residents,” Premier David Burt said today. This had been mentioned in the 2023 Throne Speech, which said, “In today’s digital age, the use of a bank account is a basic necessity for Bermudians. During this session, and similar... Read more of this article
Butterfield Reports Third Quarter 2023 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended September 30, 2023. A spokesperson said, “Net income for the third quarter of 2023 was $48.7 million, or $0.99 per diluted common share, compared to net income of $61.0 million, or $1.22 per diluted common share, for the previous quarter and $57.4... Read more of this article
HSBC Bank To Close At 2pm On Thursday
HSBC Bermuda’s branches will close at 2:00pm on Thursday [Sept 14] due to Hurricane Lee. A spokesperson said, “Out of an abundance of caution due to the formation of Hurricane Lee, HSBC Bermuda’s branches will close at 2:00 pm tomorrow, September 14th. “Subject to the receipt of an all clear from the Bermuda Government and a post hurricane... Read more of this article
Clarien Bank Offices Will Close At 2pm Thursday
The Clarien Bank offices will close at 2pm on Thursday [Sept 14] due to Hurricane Lee. A spokesperson said, “For the safety and security of our clients and employees, please be advised that all Clarien Bank offices will close at 2pm on Thursday, September 14 and re-open at 12 noon Friday, September 15 pending a facility safety inspection due to... Read more of this article
Butterfield To Close At 2pm On Thursday
All Butterfield Banking Centres in Bermuda will be closing at 2pm on Thursday [Sept 14] due to Hurricane Lee. A spokesperson said, “Some ATM’s will be temporarily unavailable from tomorrow at 12 noon due to hurricane preparations – Collector’s Hill, Modern Mart, Somerset MarketPlace and Somerset Banking Centre. “At this time, Butterfield... Read more of this article
HSBC Bermuda To Switch To Sustainable Cards
HSBC Bermuda has announced that “single-use plastic cards will be a thing of the past as the bank replaces them with cards made from recycled materials.” A spokesperson said, “The move is part of HSBC’s global strategy to reduce carbon emissions and achieve the Bank’s net zero goal by 2050. “The cards comprise of 85% recycled... Read more of this article
Butterfield Cautions Shareholders About Offer
The Bank of Butterfield 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 £15 per share.” The full filing with the BSX stated: “The Bank of N.T. Butterfield & Son Limited has... Read more of this article
Butterfield Reports Second Quarter 2023 Results
The Bank of N.T. Butterfield & Son Limited announced financial results for the quarter ended June 30, 2023. A spokesperson said, “Net income for the second quarter of 2023 was $61.0 million, or $1.22 per diluted common share, compared to net income of $62.2 million, or $1.24 per diluted common share, for the previous quarter and $49.1 million,... Read more of this article
Clarien Bank Increasing Base Lending Rates
Beginning on September 1, Clarien will be adjusting its Bermuda dollar base lending rate and the bank’s USD Prime base lending rate. A spokesperson said, “Commencing September 1, 2023, Clarien will be adjusting its Bermuda Dollar base lending rate and the bank’s USD Prime base lending rate by a quarter of a percentage point [0.25%]. This... Read more of this article
Butterfield Adjusts Rates Following Fed Increase
The Bank of Butterfield announced that, in response to today’s 25 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on consumer loans and mortgages by a quarter of a percentage point [0.25%]. A spokesperson said, “The change in base rates applies to Bermuda dollar residential mortgages... Read more of this article
Benevides & Lee Earn Butterfield Scholarships
Butterfield has awarded its annual scholarships, with Brianna Benevides earning the $30,000 Sir Harry D. Butterfield Undergraduate Scholarship, while Aaliyah Lee received the $25,000 Butterfield Undergraduate Scholarship for Employees’ Children. A spokesperson said, “Butterfield has awarded its annual scholarships to five promising students,... Read more of this article
Family Centre Tag Day To Honour Martha Dismont
The Family Centre, an accredited nonprofit dedicated to improving families’ lives in Bermuda, has announced they “will honour its beloved late founder Martha Dismont, by dedicating the 2023 Annual Cup Match Tag Day to her memory.” A spokesperson said, “Sponsored once again by Clarien Bank, the Tag Day will run between now and Wednesday,... Read more of this article
Butterfield Offers Free Money Management Class
Butterfield is offering a free money management and financial literacy class next week for full-time college and university students between the ages of 18 and 30. A spokesperson said, “The Butterfield 101 Money Management Programme will be held on Thursday, 20 July, from 5:30p.m. on the second floor of Butterfield’s Head Office. Retail banking... Read more of this article
HSBC Recognizes Sharon Jacobs & Debbie Lewis
HSBC Bermuda is celebrating Sharon Jacobs and Debbie Lewis as they reach their 55th and 45th anniversaries of employment with the Bank. A spokesperson said, “As Cup Match approaches and excitement builds both within HSBC Bermuda and across the island, the Bank has further cause for celebrations, as it recognizes two of its longest serving employees. Last... Read more of this article
