Hashtag: #BermudaBanks
Butterfield Share Repurchases For March 2023
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of March 2023, repurchased for cancellation 99,929 Common Shares at an average price of $31.05 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts... Read more of this article
Clarien Acquires Omnium Group Of Companies
Clarien Bank Limited has signed an agreement to acquire Omnium Trust Company Limited [Omnium Trust] and Omnium Corporate Services Limited [Omnium Corporate Services], a boutique practice offering quality trust and corporate administration services. A spokesperson said, “The terms of the acquisition, which strengthens Clarien’s aspiration to be Best... Read more of this article
Butterfield To Upgrade Systems Over Holiday
Butterfield advised that an “upgrade to its existing banking systems is scheduled to take place during the upcoming public holiday weekend.” A spokesperson said, “Banking Centres and corporate client services will be closed on Friday, 7 April, in observance of Good Friday, and Butterfield Online will be unavailable from 4pm on Thursday,... Read more of this article
Butterfield Holds Rates After Fed Increase
The Bank of Butterfield announced that “it will not adjust its base interest rates on loans and mortgages in response to today’s 25 basis point increase in the target range of the US Federal Funds Rate.” A spokesperson said, “The base rate for Bermuda dollar residential mortgages, consumer loans, corporate loans and USD loans all remain... Read more of this article
Bankers Association: Beware Of Phishing Scams
The Bermuda Bankers Association is urging “all members of the community to be aware of phishing fraud scams, some of which target vulnerable groups such as senior citizens.” A spokesperson said, “Phishing is a type of online or telephone scam that targets consumers by appearing to be from a well-known source – a local utility company,... Read more of this article
Clarien Bank Launches International Equity Fund
Clarien Bank Ltd, one of the largest independent integrated financial services organisations in Bermuda, announced the launch of its new International Equity Fund, a global investment for sustainable development. A spokesperson said, “The International Equity Fund seeks to generate strong financial returns for clients, as Clarien invests not only... Read more of this article
Butterfield Share Repurchases For February 2023
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of February 2023, repurchased for cancellation 45,000 Common Shares at an average price of $36.63 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts... Read more of this article
Apply For Butterfield’s Internship Programme
Butterfield’s 2023 Summer Internship Programme is now open to applications, with the company saying the “paid ten-week programme will see interns gain hands-on experience in the financial services industry and work alongside seasoned professionals in their fields.” A Butterfield spokesperson said, “During their time, they will undergo... Read more of this article
Clarien Bank Increases Base Lending Rates
Commencing March 1, 2023, Clarien will be adjusting its Bermuda Dollar base lending rate by 50 basis points [0.50%] and the USD Prime base lending rate by 75 basis points [0.75%] following the US Federal Reserve rate increase on February 1, 2023. A spokesperson said, “Clarien base lending rates will increase as follows: BMD Personal Increase... Read more of this article
Butterfield Reports Q4 & Full Year 2022 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter and year ended December 31, 2022. A spokesperson said, “Net income for the year ended December 31, 2022 was $214.0 million, or $4.29 per diluted common share, compared to $162.7 million, or $3.26 per diluted common share, for the year ended December 31,... Read more of this article
Butterfield: No Share Repurchases In Jan 2023
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of January 2023, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts Rates Butterfield Banking Hours... Read more of this article
Butterfield Adjusts Rates Following Fed Increase
The Bank of N.T. 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 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... Read more of this article
HSBC Bank Offers New Digital Secure Key
HSBC Bermuda today announced the introduction of Digital Secure Key for their online banking customers. A spokesperson said, “Customers can now benefit from the convenience and environmental friendliness of the Digital Secure Key which can be activated via the latest version of the HSBC Bermuda app, replacing HSBC customers’ plastic physical... Read more of this article
Butterfield Scholarship Applications Open
Butterfield announced that the 2023 Bermuda Undergraduate Scholarship is open to applications. A spokesperson said, “Now in its 45th year, the scholarship is awarded annually to outstanding students in honour of the bank’s late Chairman, Sir Harry D. Butterfield. The scholarship is worth $30,000 and can be maintained for up to four years of full-time... Read more of this article
Butterfield Reid St Saturday Hours Suspended
The Bank of Butterfield’s Reid Street Saturday Banking hours “will be temporarily suspended until 4 March to allow time for annual training and infrastructure investment initiatives.” A spokesperson said, “We apologise for any inconvenience caused. To access your accounts, please use our Butterfield Online, ATM and mobile banking... Read more of this article
Butterfield: No Share Repurchases In Dec 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of December 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts Rates Butterfield Banking... Read more of this article
