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Butterfield Bank Reports Third Quarter Profit of $80.5 Million; Declares Dividend of 16 Cents Per Share
Hamilton, Bermuda, 28 October 2008: The Bank of N.T. Butterfield & Son Limited (“Butterfield Bank Group” or “the Group”) (Bloomberg: NTB BH) today reported net income for the third quarter of 2008 of $80.5 million, the highest on record for the Group and up 102.9% year on year.
Art embodies landmine reality
A POWERFUL art exhibition depicting the destruction created by landmines will open in The Market Inner Street on November 4.
Butterfield Completes Merger of Fund Services Unit with Fulcrum Group; Realises $115 Million Gain
Hamilton, Bermuda — 15 September 2008: The Bank of N.T. Butterfield & Son Limited (“Butterfield”) today announced that it has completed the merger of its Bermuda-based and international Fund Services businesses with those of Fulcrum Group to form the new company, Butterfield Fulcrum Group. The Bank will realise a gain of approximately $115 million on the transaction in the third quarter of the current financial year.
LEADING FUND ADMINISTRATORS FULCRUM GROUP AND BUTTERFIELD FUND SERVICES TO MERGE TO CREATE AN INDUSTRY LEADER
Hamilton, Bermuda, New York, and London – 5 August 2008: Fulcrum Group, a leading global administrator for hedge funds and the alternative asset management industry, backed by global private equity firm, 3i, and Butterfield Fund Services (BFS), a top-twenty provider of administration services for investment and pension funds and part of The Bank of N. T. Butterfield & Son Limited (Butterfield), today announced, subject to regulatory and governmental approvals, an agreement to merge the two businesses to create Butterfield Fulcrum Group (BFG). Headquartered in Bermuda, BFG will have approximately 400 employees in 10 locations across 9 countries. The firm will have close to $100 billion in assets under administration from nearly 1,000 hedge funds, fund of funds, private equity and institutional investment management clients. BFG is expected to rank amongst the top 10 independent alternative asset fund administration companies in the world. Butterfield will retain a substantial equity stake and 3i, an existing shareholder in Fulcrum Group, will own a majority interest in Butterfield Fulcrum Group.
Guernsey lifestyle mortgage puts borrowers in driving seat
Professionals with high levels of income are being given more control over their finances through a flexible mortgage introduced by Butterfield Bank (Guernsey) Limited for the Guernsey market.
Lauren beats friend to laptop prize
A Grammar School student has won a laptop to help with her studies, courtesy of Butterfield Bank.
Graham Brooks appointed director of Butterfield Bank
Graham Brooks has been appointed as a director on the board of international company, Butterfield Bank.
Butterfield Committed to Training
Professional practices flourish in Guernsey’s buoyant business environment
The success of Guernsey’s business community is reflected in the growing number of professional partnerships being offered to aspiring employees, according to a lending expert.
Financing a dream home in France
It is increasingly common for Guernsey residents to aspire to a second home in Normandy or Brittany or perhaps, more adventurously, to look further afield – to a skiing base in the Alps or a summer retreat in fashionable St Tropez.There are, of course, pitfalls and peculiarities to conducting transactions on property located in a foreign country and that is why Butterfield Bank identified a demand for a private banking style service for those looking to invest a substantial amount in French property. Not least, the client can deal with an English-speaking banker.
Butterfield MD among Citywealth’s Most Highly Regarded Private Wealth Managers
A wealth manager at Butterfield Trust (Guernsey) Limited has appeared in Citywealth’s Leaders List 2008; an annual guide listing the most highly regarded figures in the sector. Paul Hodgson, Managing Director of Butterfield Trust, was named in the “Honours List” of leading trust professionals.
Butterfield Bank Reports Record Full Year EarningsUp 8.9% to $146.0 million Announces ‘One-For-Ten’ Stock Dividend
Hamilton, Bermuda - 12 February 2008: The Bank of N.T. Butterfield & Son Limited (“Butterfield Bank Group” or “the Group”) today reported net income for the full year ended 31 December 2007 of $146.0 million, a record for the Group and up 8.9% year on year.