Shares of Butterfield Bank surged 3.6 per cent in Bermuda Stock Exchange trading today.

The bank, which was the only stock to trade on the BSX, gained $1.30 to close on $37.80 on the trading of 3,237 shares.

Butterfield’s New York Stock Exchange-listed shares closed down 3 cents at $38.01.

The bank this week declared third-quarter profits of more than $41 million and an agreement to acquire Global Trust Solutions from Deutsche Bank — a deal that will give the bank a presence in Singapore.

The Royal Gazette/BSX Index climbed 58.47 points, or 2.7 per cent, to close the week at 2,216.82.