Hashtag: #BermudaBanks
Butterfield Bank Share Repurchases
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of February 2013 the Bank bought for Treasury 83,313 common shares at an average cost of $1.297 per share. The Bank also repurchased and cancelled 129 NTB 8% Preferred shares at an average cost of $1,231.73 Related Stories Butterfield... Read more of this article
BCB Supports Female Rugby Programmes
Bermuda Commercial Bank Limited has partnered with the Bermuda Rugby Football Union to help build the Girls’ Youth Programme and recently provided funding for the new BRFU Women’s Rugby kits. The BRFU has recently received government support as well, and has begun implementing primary school, middle school and adult women’s contact and touch... Read more of this article
Smatt Appointed Senior VP, Corporate Banking
The Bank of N.T. Butterfield & Son Limited today announced that Sean Smatt has been appointed Senior Vice President, Corporate Banking. He was previously Senior Vice President, Group Insurance & Funds at Butterfield. In this role, Mr. Smatt will be responsible for the development and day-to-day management of Butterfield’s Corporate Banking... Read more of this article
Eight Employees Made Redundant At Butterfield
Eight employees of the Bank of Butterfield were made redundant today [Mar 4]. A spokesperson for the Bank said, “Butterfield confirms that eight employees in Bermuda were advised today that their positions were made redundant as a consequence of internal reorganisation. “Roles in our Corporate Banking and Investment Services departments... Read more of this article
Butterfield Bank Reports 2012 Full Year Results
The Bank of N.T. Butterfield & Son Limited today announced core earnings for the full year ended 31 December 2012 of $54.9 million [$0.07 per share on a fully diluted basis], up 45.2% compared to $37.8 million a year ago. Net income for the year was $25.6 million, including one-time items that generated a net loss of $29.3 million, compared to net... Read more of this article
Schmalcel To Take On Butterfield Bahamas Role
The Bank of N.T. Butterfield & Son Limited today announced that Ron Schmalcel, who is currently Vice President and Head of Corporate Trust at Butterfield Trust [Bermuda] Limited [a wholly owned subsidiary of the Bank], will relocate to Butterfield’s Nassau, Bahamas office to take on the senior Group role of Vice President of Marketing & Product/Service... Read more of this article
BCB Staff Cyclists To Ride To Raise Funds
On March 10th, Bermuda Commercial Bank Limited will be sponsoring a team of three staff cyclists who will be travelling across the world to ride and raise funds for the South African FoodBank. A spokesperson said, “Bermuda Commercial Bank Limited is proud and excited to support three of our team members who will be venturing across the globe to... Read more of this article
Former Mexican President To Speak In Bermuda
Former Mexican President Felipe Calderón will be the keynote speaker at the 2013 Capital G Private Wealth Conference to be held April 11, 2013 at the Fairmont Southampton, Bermuda. President Calderón served as the 56th President of Mexico from December 2006 – November 2012, and was named one of TIME magazine’s “100 Most Influential People in... Read more of this article
Butterfield Bank Repurchases 207,273 Shares
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of January 2013 the Bank bought for Treasury 207,273 common shares at an average cost of $1.271 per share. The Bank also repurchased and cancelled 88 NTB 8% Preferred shares at an average cost of $1,231.42 Related Stories Butterfield... Read more of this article
Seminar: Bank Financing In Today’s Environment
Tomorrow [Feb 12] KPMG and the Bermuda Economic Development Corporation [BEDC] will host an informative and interactive seminar entitled “Bank Financing in Today’s Environment”. The seminar will be held at KPMG Offices at Crown House, 4 Par-la-Ville Road, Hamilton from 3:30pm – 6:00pm. This complimentary seminar and panel discussion focused... Read more of this article
Papers Filed To Seize Mexican Fugitive’s $2 Million
U.S. authorities have filed a document to seize over $2 million in a Bermuda bank account allegedly belonging to a fugitive Mexican official charged in a corruption case. Hector Hernandez Javier Villarreal [pictured] — the former Secretary of Finance for Coahuila, Mexico — is suspected of forging state documents to obtain fraudulent loans... Read more of this article
Photos: Capital G Bank To Open Paget Branch
[Updated with slideshow & video] A new Capital G Bank branch will open on 4 February, 2013 at Paget Plaza, located at 161 South Road, Paget near the corner of Point Finger Road and South Road. With the addition of the new branch, Capital G clients can enjoy the convenience of banking at the only full service bank on the outskirts of Hamilton,... Read more of this article
