Butterfield Prepares for TS Nicole
Hamilton, Bermuda–11 October 2016: The Bank of N.T. Butterfield & Son Limited (“Butterfield”) today announced that due to the approach and potential impact of Tropical Storm Nicole, Butterfield Banking Centres and offices will close at 2:00 p.m. on Wednesday, 12 October and will remain closed on Thursday, 13 October.
The safety of our customers and employees is the Bank’s highest priority, and Butterfield will reopen for normal business when it is safe for us to do so. At this time, Butterfield anticipates reopening for business at 10:00 a.m. on Friday, 14 October.
Butterfield Online and Butterfield Mobile Banking will continue to be available for transactions, however the processing of wire transfers and certain other requests (received after 10:30 a.m. on Wednesday, 12 October) may be delayed until the Bank reopens for business.
In addition, customers are advised that all three currency classes of the Butterfield Money Market Fund (GBP, CAD and USD) will be closed on Thursday, 13 October 2016. Normal cut-off times for USD and CAD will apply to subscription and redemption activity on Wednesday, 12 October 2016. GBP subscriptions and redemptions received from Tuesday, 11 October through Thursday 13 October 2016 will be processed for value Friday, 14 October 2016.
We regret any inconvenience this may cause.
Notes to Editors:
Butterfield is Bermuda’s first and largest independent bank, and a specialist provider of international financial services. The Butterfield Group offers a full range of community banking services in Bermuda and the Cayman Islands, encompassing retail and corporate banking and treasury activities. Butterfield also provides various property lending, private banking, asset management and personal trust services from its headquarters in Bermuda and subsidiary offices in the Cayman Islands, Guernsey and the United Kingdom. In Switzerland and The Bahamas, Butterfield provides personal trust and company services.