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The top executive at the Bank of Butterfield’s operation in the Caymans is to retire in April. Conor O’Dea, president, chief operating officer and managing director of Butterfield Bank in Cayman, will move to the post of non-executive chairman and hi...

Butterfield Bank will not raise residential mortgage rates in the wake of the US Federal Reserve hike of 0.25 of a percentage point. Speaking after the first Fed increase in nearly a decade, a Butterfield spokesman said that it would not raise its ra...

Christmas is looking bright for Bermuda’s disadvantaged youngsters, as donations keep coming in at the Coalition for the Protection of Children. After real estate company Coldwell Banker gave 1,000 toys to the charity this week as part of the Toys fo...

Butterfield Bank has been awarded bank of the year in Bermuda and the Caymans. The award, from the international banking industry magazine The Banker, is the third in succession for Butterfield. Butterfield’s chief executive officer Michael Collins s...

The Bank of Butterfield has agreed to buy the multibillion dollar private banking trust and investment arm of rivals HSBC Bermuda. The move means Butterfield will acquire the Bermuda Trust Company Ltd as well as the trust and investment business of H...

The Bank of Butterfield last night reported profits of $25.7 million for the third quarter of this year. Net income at the bank was up $2.9 million compared to the $22.8 million recorded in the third quarter of 2014. The news came as Brendan McDonagh...

New-style microchipped cards to provide better security has been introduced across the Butterfield Bank’s credit card range. The cards feature an embedded and encrypted microchip for data storage that is said to be “virtually impossible” to reproduce...

Bank of Butterfield spend about $350,000 buying back 204,945 of its common shares during August. The company repurchased the shares at an average price of $1.737 per share. Butterfield’s shares yesterday closed up one cent (0.6 per cent) at $1.80.

Butterfield Trust, part of the Butterfield Group, has been named trust company of the year by the Society of Trust and Estate Practioners (STEP). “We are honoured that Butterfield Trust has been recognised by our peer-professionals as trust company o...

Former HSBC chief financial officer Michael Schrum has jumped ship to Butterfield Bank. Mr Schrum will become group chief financial officer at Butterfield at the end of next month. Butterfield chairman and CEO Brendan McDonagh said: “I am pleased to ...

Dear Sir, I refer to an article in the Business section of the Gazette (July 29), wherein a quote by Barclay Simmons, Butterfield’s vice-chairman and a senior independent director is quoted as saying: “Since Brendan [McDonagh] took on the CEO role, h...

Butterfield Bank executive Michael Collins is to become the new chief executive officer, the bank announced today. Mr Collins, at present senior executive vice-president, will replace Brendan McDonagh, who has been CEO for three years, in the role. B...