Banks were hard hit on The Bermuda Stock Exchange (BSX) last week.

LOM (Holdings) Ltd. slipped 65 cents (16.25 percent) to $3.35, with 500 shares traded, while Butterfield Bank's common shares dropped 10 cents (2.04 percent) to $4.80, as 3,400 shares changed hands.

The bank also transacted 877 preference shares, but its price held firm.

BF&M Ltd. also traded 3,250 shares, as its value fell 70 cents (4.37 percent) to $15.30.

Overall the Index declined 35.2 points (1.56 percent) to 2,247.87, with 7,150 shares worth BD$69,173.65 and 1,208 shares worth US$1,069,615.30 changing hands.

The BSX Insurance Index, however, was up 3.96 points (0.39 percent) at 1,006.91 for the week.