The Bank of Butterfield continued its share buy back programme in December. 

In a filing with the Bermuda Stock Exchange, the Bank said during the month of December 2013, it purchased for Treasury 489,983 Common Shares at an average cost of $1.465 per share.

In addition, in December the Bank purchased, for cancellation, 97 8% Preference Shares at an average price of $1,182.00.

Butterfield also announced this week it has reached an agreement in principle with Legis Group Holdings Limited to acquire Legis Group’s Guernsey-based trust and corporate services business. 

No price was announced on the deal.