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Butterfield Bank

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Butterfield acquires Legis Group’s trust and corporate business

The Bank of N.T. Butterfield & Son Limited have announced they have acquired Legis Group Holdings Limited Guernsey-based trust and corporate services business. A press release announcing the move stated the deal was agreed in principle in January. Th...
Apr 08, 2014
Local Business

Bermuda College students on internships at Butterfield Bank

Butterfield Bank has partnered with Bermuda College to provide internships for seven college students who are studying or interested in business. From February through April 25, Shanteala Looby, Brittani Place, Kneiko Richardson, Julia Judd, Kentrell...
Mar 24, 2014
Local Business

Butterfield profit triples as expenses are slashed

Butterfield Bank yesterday announced that full-year net income more than tripled to $78.2 million in 2013. Core earnings, which eliminate items “outside the course of normal business”, were up 39.5 percent to $76.6 million. In its earnings statement ...
Feb 26, 2014
Local Business

Cost-cutting helps Butterfield to triple net income

Butterfield Bank today announced that full-year net income more than tripled to $78.2 million in 2013. Core earnings, which eliminate items “outside the course of normal business”, were up 39.5 percent to $76.6 million. In its earnings statement toda...
Feb 25, 2014
Local Business

Butterfield named Island’s best private bank

Butterfield Bank has been chosen as best private bank in Bermuda by a European magazine for the second year in a row. Butterfield won the award from Euromoney magazine after a vote by private banking professionals from around the world. Butterfield h...
Feb 07, 2014
Local Business

Bank criticised for travellers’ cheques ban

A bank ban on US travellers’ cheques and money orders was yesterday blasted by the boss of an tourist booking service. And Fiona Campbell, owner of Bermuda Acommodations, said the move could damage the Island’s already struggling visitor industry. Ms...
Jan 14, 2014
Local Business

Butterfield buys Guernsey trust business

Butterfield Bank has bought over a multibillion dollar trust and corporate services business in Guernsey — its first buy since the global financial crisis started to bite in 2007. The Bermuda bank has agreed terms with Legis Group Holdings and is exp...
Jan 13, 2014
Local Business

Butterfield raffle raises $5,000 for Salvation Army

Butterfield Bank presented The Salvation Army with a $5,003 donation with the proceeds of its staff Holiday Raffle ticket sales. During December, Butterfield employees had the opportunity to purchase $1 raffle tickets for a chance to win prizes incl...
Dec 20, 2013
Local Business

Butterfield names new CFO

The Bank of Butterfield has named a new executive vice-president and chief financial officer. John Maragliano, who has been interim CFO since August, was confirmed in the post. He replaces Brad Rowse, who was appointed in 2009. Mr Maragliano joined ...
Dec 12, 2013
Other

Butterfield named Bermuda’s ‘bank of the year’

Butterfield Bank has been named Bermuda’s Bank of the Year by international banking industry magazine The Banker. Butterfield also scooped the same award in the Cayman Islands. The Banker, an FT publication, is a highly regarded UK-based publication ...
Dec 02, 2013
Other

Butterfield vows to cooperate with US tax evasion probe

Butterfield Bank has promised to cooperate with a probe by US authorities into suspected American tax dodgers. A US District Judge in New York’s southern district has authorised the US Internal Revenue Service (IRS) to issue summons to several Americ...
Nov 15, 2013
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