Butterfield Bank saw its common shares drop by 35 cents (7.6 percent) in value on The Bermuda Stock Exchange (BSX) yesterday.

The bank's shares closed the day at $4.25, with 4,801 shares traded.

Meanwhile, it also saw 100 preference shares change hands, but their share price held firm at $200.

The Index, as a whole, fell 61.16 points (2.74 percent) to 2,171.29, as 4,801 Bermuda shares worth $20,937.55 and 100 US shares totalling $119,900 in value were transacted.

The BSX Insurance Index, meanwhile, slipped 12.19 points (1.51 percent) to 793.72.