Hashtag: #BermudaBanks
Bankers Association Announces New CEO
The Bermuda Bankers Association [BBA] welcomed Geoff Scott as its new CEO, succeeding Thomas O’Rourke who steps down after 4 years in the role. A spokesperson said, “Geoff has over 30 years of experience in the financial services industry, starting his career in Canada and transitioning to Barbados in 2012 as Chief Risk Officer at a leading... Read more of this article
Clarien Bank Reid Street Facility To Close
Clarien Bank announced that the “former branch facility located at 19 Reid Street in Hamilton will close permanently, effective January 6, 2023.” A spokesperson said, “An emblem of the Clarien Bank legacy, the 19 Reid Street facility has served as the main branch location for more than 20 years. With the move to digital banking in... Read more of this article
Butterfield: No Share Repurchases In Nov 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of November 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
Butterfield Adjusts Rates Following Fed Increase
The Bank of N.T. Butterfield announced that “in response to today’s 50 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 half of the rise.” A spokesperson said, “The change in base rates applies to Bermuda dollar... Read more of this article
Butterfield Named Bermuda’s Bank Of The Year
Butterfield has been named Bank of the Year 2022 in Bermuda by The Banker, an international financial affairs publication. “The Banker, owned by the Financial Times, has been the world’s leading monthly journal of record for the banking industry for almost a century. Its awards programme aims to highlight industry excellence and marks out banks... Read more of this article
Ingrid Pierce Joins Butterfield Bank’s Board
The Bank of N.T. Butterfield & Son announced today that Ingrid Pierce, Global Managing Partner of Walkers, a leading international law firm, has joined the Bank’s Board as an Independent Director, bringing the total number of Directors to ten. A spokesperson said, “Ms. Pierce is amongst the world’s leading investment fund lawyers, acting... Read more of this article
HSBC To Light Up Purple To Support IDPWD
The International Day of Persons With Disabilities [IDPWD] will be celebrated on Saturday [Dec 3] and for” the third consecutive year, purple is the colour of the day at HSBC Bermuda in support of those with disabilities.” A spokesperson said, “Promoted by the United Nations since 1992, IDPWD celebrates the achievements and contributions... Read more of this article
Following US Change, Butterfield Adjusts Rates
The Bank of Butterfield announced that in response to the “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 applies to Bermuda dollar residential... Read more of this article
Butterfield: No Share Repurchases In October
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of October 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 Hours... Read more of this article
Clarien Bank Increase In Base Lending Rates
Effective December 1, 2022, 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 September 21, 2022.” A spokesperson said, ““Clarien base lending rates will increase as follows: BMD$ Increase... Read more of this article
Butterfield Reports Third Quarter 2022 Results
The Bank of Butterfield today announced financial results for the quarter ended September 30, 2022. A spokesperson said, “Net income for the third quarter of 2022 was $57.4 million, or $1.15 per diluted common share, compared to net income of $49.1 million, or $0.99 per diluted common share, for the previous quarter and $39.8 million, or $0.80... Read more of this article
Butterfield: No Share Repurchases In September
In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of September 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
Clarien Offices To Close At 12pm Today
Clarien Bank offices to close at 12 noon today, and remain closed on Friday due to Hurricane Fiona. A spokesperson said, “For the safety and security of our clients and employees, please be advised that all Clarien Bank offices will close at 12 noon on Thursday, September 22 and remain closed through Friday, September 23 due to Hurricane Fiona.... 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 Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts Rates Butterfield Banking Hours... Read more of this article
