Hashtag: #BermudaBanks
Butterfield Bank General Meeting Voting Results
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced the results of the Shareholders’ vote at the Bank’s Annual General Meeting held in virtual format on May 25th. The filing stated: “Each of the proposals numbered 1 through 4 on the Meeting Agenda was approved by the requisite vote, including the... Read more of this article
Clarien Bank Increase Base Lending Rates
Effective June 1st, 2022, Clarien will be adjusting its Bermuda Dollar base lending rate by 50 basis points [0.50%] following the US Federal Reserve rate increase earlier this month. A spokesperson said, “The Bermuda Dollar Base rate will increase as follows: BMD$ Increase from Increase to Personal Mortgages 4.00% 4.50% Commercial Mortgages 4.25% 4.75% “Clients... Read more of this article
Butterfield: No Share Repurchases In April 2022
In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of April 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
Bank Of Butterfield Adjusts Interest Rates
The Bank of Butterfield announced that, in response to yesterday’s 50 basis point increase in the US Federal Funds Rate, it is adjusting its interest rates on loans and selected deposits. A spokesperson said, “The base rate for Bermuda dollar residential mortgages, consumer loans, corporate loans and USD loans will increase by 0.50%. The rate increase... Read more of this article
HSBC Launch New Online Web Chat Platform
HSBC Bermuda announced the launch of Web Chat, a new service where “customers can connect directly to HSBC agents via the HSBC website and internet banking platform.” A spokesperson said, “HSBC Bermuda is the only bank in Bermuda to offer chat capabilities, and the move comes as the bank continues to modernize and digitize their customer... Read more of this article
Butterfield Share Repurchases For March 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of March 2022, the Bank repurchased for cancellation 24,000 Common Shares at an average price of $36.28 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield... Read more of this article
Clarien Appoints Pearline McIntosh To SVP
Clarien Bank has appointed Pearline McIntosh to SVP, Head of Private Banking. A spokesperson said, “Clarien Bank is pleased to announce the appointment of Pearline McIntosh to SVP, Head of Private Banking, responsible for the day-to-day management of the Private Banking team within Clarien’s Wealth Management group. “Mrs. McIntosh has significant... Read more of this article
Clarien Moving To Digital For Personal Banking
Clarien Bank has announced it will be transitioning to a digital, self-service based model for personal banking on April 29. A spokesperson said, “Clarien Bank has announced it will be transitioning to a digital, self-service based model for personal banking. “From end of business day on April 29, all Clarien’s Personal Banking clients will... Read more of this article
HSBC: Lights On For International Women’s Day
In celebration of International Women’s Day, HSBC said they join the “world in celebrating the social, economic and cultural achievements of women,” and last night the Front Street facade of the Harbourview Centre was illuminated in purple, the official colour of International Women’s Day, which the bank said was “just one... Read more of this article
HSBC Reid St Entrance Welcomes Customers
HSBC Bermuda announced that effective today [March 7] the Reid Street entrance of the Harbourview Center has re-opened to its customers. A spokesperson said, “The façade of the building underwent some minor repairs, which required an extended period where scaffolding blocked entry. “Once inside, customers will note renovations to the open areas... Read more of this article
Butterfield Share Repurchases For February 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of February 2022, the Bank repurchased for cancellation 38,000 Common Shares at an average price of $38.77 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield... Read more of this article
HSBC Church Street To Close Permanently
HSBC Church Street branch will “close operations permanently” effective June 30, 2022, the bank advised today, adding that staff “working at that location will be redeployed to support the Harbourview Center, St Georges & Somerset branches, which remain open for business as usual.” A spokesperson said, “HSBC Bermuda advised... Read more of this article
Butterfield Reports Q4 & Full Year 2021 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the fourth quarter and year ended December 31, 2021. A spokesperson said, “Net income for the year ended December 31, 2021 was $162.7 million, or $3.26 per diluted common share, compared to $147.2 million, or $2.90 per diluted common share, for the year ended December... Read more of this article
Butterfield Share Repurchases For January 2022
In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of January 2022, the Bank repurchased for cancellation 40,000 Common Shares at an average price of $38.76 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield... Read more of this article
Helping Seniors Adapt To Clarien Digital Banking
Clarien Bank and Age Concern are getting set to work in partnership to “help Bermuda’s senior population adapt to digital banking.” A spokesperson said, “Age Concern volunteers will work alongside the Clarien client service team to help guide and educate its senior clients that feel they need a little extra help banking using digital,... Read more of this article
Butterfield Increases Scholarship To $30,000
Butterfield has increased its Bermuda Undergraduate Scholarship award to $30,000, and noted that applications are now open. A spokesperson said, “Butterfield has increased its Bermuda Undergraduate Scholarship award to US$30,000, an increase of US$5,000, and applications are open. The scholarship is tenable for up to four academic years and provides... Read more of this article
