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Michael Dunkley is in New York today to participate in Butterfield's IPO listing launch on the New York Stock Exchange.The official launch, which will include a performance by Gombeys at the NYSE this morning, is considered a milestone and historic o...

Butterfield Bank is planning to raise about $250 million through an offering of 10.6 million shares in connection with its proposed initial public offering on the New York Stock Exchange. In a registration document filed with the US Securities and Ex...

Butterfield Bank is planning to raise about $250 million by offering 10.6 million shares in connection with its proposed initial public offering on the New York Stock Exchange. In a registration document filing with the US Securities and Exchange Com...

Butterfield Bank shareholders have approved a proposed ten-for-one reverse share split. At a special meeting held today the proposal was approved with the requisite number of votes. Ordinary shareholders will receive one new ordinary share for every...

Butterfield Bank's filing for a proposed initial public offering in the US is the latest milestone on the bank's recovery from the global financial crisis.At a meeting later this month shareholders will hear details and vote on a reverse share split ...

Butterfield Bank yesterday awarded two scholarships worth a total of $50,000 to Bermuda students. The Sir Harry D. Butterfield Undergraduate Scholarship went to Maha Clarke, who will is enrolled at Queens University in North Carolina to study busines...

Butterfield Bank has filed for a proposed initial public offering of up to $100 million to place its ordinary voting shares on the New York Stock Exchange. It is to ask shareholders to vote on the proposal, which calls for a ten-for-one reverse share...

Olivier Sarkozy has resigned as a director of Butterfield Bank. The move follows Mr Sarkozy’s resignation as head of the financial services group of private-equity form Carlyle Group, which is Butterfield’s largest shareholder. His resignation as a d...

Butterfield Bank yesterday reported second-quarter profits of $29.8 million — up $6.5 million on the same period last year. The figures are equivalent to a 27.7 per cent increase in profit quarter on quarter and diluted earnings per share of 5 cents,...

The Bank of Butterfield’s outlook has been upgraded to positive from stable by ratings agency Standard & Poor’s. And S&P said the likelihood of the overall banking industry country risk-assessment score for the island improving was “increasing.” The ...

A managing director of the US-based global financial services and private equity firm The Carlyle Group has joined the board at Bank of Butterfield. James Burr, a managing director at The Carlyle Group, has become a non-executive director of the bank...

Fitch Ratings has affirmed Butterfield Bank’s viability rating at “bbb-” and says it expects the bank’s earnings to improve in the coming years. Fitch has a positive view on the Butterfield’s “strong market position, liquid balance sheet, and solid ...