Butterfield Bank re-elected its board of directors at its annual meeting, held online on Wednesday.

The shareholders’ vote for the directors was one of three proposals on the meeting agenda.

Those re-elected were Michael Collins, Alastair Barbour, Sonia Baxendale, Mark Lynch, Ingrid Pierce, Jana Schreuder, Michael Schrum and John Wright.

Butterfield recently was twice named among the best banks in the Caribbean, cited for its work in Bermuda and the Cayman Islands.

The acknowledgement was from Global Finance magazine, which named Banreservas the Best Bank in the Caribbean and in its home country, the Dominican Republic, for the second year running.

Global Finance said: “Our Cayman Islands and Bermuda winner, Butterfield Bank, focused on digital inclusion to garnish impressive metrics for its customers.

“The bank posted a solid 24.2 per cent (return on equity) and an 58.1 per cent core efficiency ratio. As a result, the bank’s net interest income reached a staggering $367 million and non-interest income $212 million.

“Butterfield also took advantage of the Credit Suisse fiasco by acquiring its trust business in the Cayman Islands.”