April 12, 2021

Butterfield to acquire Deutsche Bank’s banking and custody business in the Cayman Islands and Channel Islands

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HAMILTON, Bermuda–(BUSINESS WIRE)–The Bank of N.T. Butterfield & Son Limited (“Butterfield”) (NYSE: NTB) (BSX: NTB.BH) today announced that it has entered into an agreement to acquire Deutsche Bank’s banking and custody business in the Cayman Islands, Jersey and Guernsey, which provides services primarily to financial intermediaries and corporate clients. Terms of the agreement were not […]

CIBC eyes FirstCaribbean valuation around $1.4 billion: sources

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By Matt Scuffham and John Tilak From Street Insider TORONTO (Reuters) – Canadian Imperial Bank of Commerce(NYSE: CM) is targeting a valuation of 10 times earnings for the potential listing of its FirstCaribbean business in New York, which would give it a market value of around $1.4 billion, five sources familiar with the matter told […]

Butterfield-sponsored Seabin installed at Cayman Islands Yacht Club

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Grand Cayman—24 October 2017: A V5 Hybrid Seabin—The Caribbean’s first—has been installed at the Cayman Islands Yacht Club in West Bay thanks to the sponsorship of Butterfield Group, a Global Pilot Partner of the Seabin Project. The Seabin is a floating rubbish bin designed to be placed at marinas, docks, yacht clubs and commercial ports […]

Butterfield to acquire Global Trust Solutions business from Deutsche Bank

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HAMILTON, BERMUDA— 25 October 2017: The Bank of N.T. Butterfield & Son Limited (“Butterfield”) (NYSE: NTB | BSX: NTB.BH) today announced that it has entered into an agreement to acquire Deutsche Bank’s Global Trust Solutions (“GTS”) business, excluding its US operations. Terms of the agreement were not disclosed. Upon completion of the transaction, which is […]

Butterfield employees around the world participate in coastal cleanup

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George Town, Grand Cayman—19 September 2017: Employees of Butterfield Group companies around the world joined forces with local environmental groups to take part in the International Costal Clean-Up on Saturday, 16 September 2017.  267 Butterfield team members cleared 113 bags of trash and recyclables from public spaces in six countries during the first of what […]

Cayman Islands’ Butterfield marks Anniversary giving $50,000 to Charity

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(Grand Cayman – 14 September 2017) This year marks a milestone for Butterfield Bank (Cayman) Limited as it celebrates its 50th Anniversary. The Bank, which was incorporated in the Cayman Islands on 17 November 1967, was one of the first in a handful of banks to be granted a full banking license in the jurisdiction. […]

Cayman Islands: Butterfield scholarship for employees’ children

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(Grand Cayman – 20, July 2017) This year, Butterfield Group introduced three scholarships to be awarded to children of employees across three regions: Atlantic, Caribbean and Europe. Caymanian student Austyn Burkholder, daughter of Caroline Lackey of Butterfield Trust Cayman Limited, was selected as the 2017 Caribbean scholarship recipient. Ms. Burkholder is currently studying Medicine (MBBS) […]

Cayman Islands Butterfield Scholarship Student to study medicine

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(Grand Cayman – 11 July 2017) The 2017 Butterfield Bank (Cayman) Limited Undergraduate Scholarship recipient, Arin Broderick, will begin her studies as an undergraduate at Boston University in January 2018, starting with a special two year interdisciplinary programme which will see her attending classes in both Boston and London, as a foundation to complete her […]

Bermuda ahead of Cayman Islands on cybersecurity

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By Raymond Hainey From The Royal Gazette Bermuda is ahead of the game on cybersecurity compared to Caribbean countries — but only slightly. A multi-regional survey by professional services firm KPMG found that the island was “slightly more prepared” against cyberattacks, with 15 per cent of Bermudian-based companies defining cybersecurity as a boardroom responsibility compared […]

The Bank of N.T. Butterfield & Son Limited announces proposed secondary offering of common stock

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Business Wire Business Wire February 13, 2017 HAMILTON, Bermuda–(BUSINESS WIRE)– The Bank of N.T. Butterfield & Son Limited (BSX:NTB.BH) (NTB) (the “Company”) announced today that it plans to conduct a registered public secondary offering of shares of its common stock. All of the shares sold in the offering will be sold by certain selling shareholders. […]