Bonhams & Butterfield

Butterfield Reaches Resolution With US Department of Justice

Retrieved on: 
Tuesday, August 3, 2021
Banking, Professional services, Finance, Bermuda Stock Exchange, Economy of Bermuda, Bonhams & Butterfield, Butterfield, New York Stock Exchange, BSX, Service companies, Finance, Financial services, Butterfield Bank

Butterfield & Son Limited (Butterfield) (NYSE: NTB | BSX: NTB.BH) today announced that it has reached a resolution with the United States Department of Justice concerning the inquiry into Butterfields legacy business with US clients reported in November 2013.

Key Points: 
  • Butterfield & Son Limited (Butterfield) (NYSE: NTB | BSX: NTB.BH) today announced that it has reached a resolution with the United States Department of Justice concerning the inquiry into Butterfields legacy business with US clients reported in November 2013.
  • The resolution is in the form of a non-prosecution agreement ("NPA") with a three-year term.
  • Michael Collins, Chairman and Chief Executive Officer of Butterfield, said, We are pleased to resolve this matter which dates back to late 2013.
  • Butterfield is publicly traded on the New York Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange (symbol: NTB.BH).

Butterfield Announces Pricing of Registered Offering of $100,000,000 5.250% Fixed to Floating Rate Subordinated Notes Due 2030

Retrieved on: 
Thursday, June 4, 2020
Banking, Professional services, Initial public offering, Finance, Keefe, Bruyette & Woods, Prospectus, Bonhams & Butterfield, Stifel, Financial services, Corporate finance

Butterfield & Son Limited (Butterfield) (NYSE: NTB | BSX: NTB.BH) today announced the pricing of a registered offering of $100 million aggregate principal amount of Butterfields 5.250% Fixed to Floating Rate Subordinated Notes due 2030.

Key Points: 
  • Butterfield & Son Limited (Butterfield) (NYSE: NTB | BSX: NTB.BH) today announced the pricing of a registered offering of $100 million aggregate principal amount of Butterfields 5.250% Fixed to Floating Rate Subordinated Notes due 2030.
  • The offering is expected to close on or about June 11, 2020, subject to the satisfaction of customary closing conditions.
  • Keefe, Bruyette & Woods, A Stifel Company, is acting as the book-running manager, with Barclays Capital acting as co-manager.
  • This offering is being made only by means of a prospectus and related prospectus supplement.