The RG/BSX Index closed the week at 2,187.54, down 240.52 (10.99 per cent) after Bank of Butterfield share price plummeted $4.50 (13 per cent) on the Bermuda Stock Exchange, finishing at $30 after the trading of 8,200 shares.

Also finishing lower was LOM Financial Limited, down five cents (one per cent) to $5.10 on trading of 25,000 shares.

Insurance stocks were the other movers, with Argus Group Holdings Ltd. finishing at $5.80, up five cents (0.9 per cent) on volume of 14,457; and, BF&M Ltd. unchanged at $18.00, after 2,196 shares changed hands.

The bulk (13,500) of the Argus shares traded ($78,300) Friday, while 1,034 US dollar stocks (US$5,179.65) also were sold.

Meanwhile, in New York Butterfield fell back $1.75 (5.78 per cent) to close at $28.55.