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The Banker names Butterfield Bermuda’s “Bank of the Year” For Fourth Consecutive Year


Hamilton, Bermuda—12 December 2016: International banking industry publication, The Banker, has named The Bank of N.T. Butterfield & Son Limited ( “Butterfield”) the recipient of its “Bank of the Year 2016” Award in Bermuda for the fourth consecutive year.

The Banker, a Financial Times publication, is a highly regarded UK-based periodical that each year selects banks in over 100 countries to receive its Bank of the Year Awards. In making their selections, The Banker’s global editorial team considers not only a bank’s financial performance, but also strategic initiatives, innovative use of technology and service delivery channels, and efforts to extend banking services to all parts of the community. A full listing of Bank of the Year 2016 Award winners will be published in the December edition of The Banker.

Michael Collins, Butterfield’s Chief Executive Officer, said “Butterfield is pleased to have again been named Bermuda’s Bank of the Year. Having earned that distinction for four years running is a point of particular pride for all of us at the Bank. It reflects the priority we place on innovation, customer service and commitment to our community.

“The Award caps a milestone year for Butterfield. In April, we completed the acquisition of HSBC’s private banking, investment management and trust businesses locally, making us the largest provider of wealth management services in Bermuda. In September, we executed a successful initial public offering on the New York Stock Exchange, raising $287 million from a number of high quality US bank investors.”

In addition to being named The Banker’s Bank of the Year, earlier this year Butterfield was named Global Finance’s Best Developed Market Bank – Bermuda, Best FX Provider – Bermuda, and Best Private Bank in Bermuda and the Cayman Islands. Butterfield was also named Best Private Bank in Bermuda and Best Private Bank in the Cayman Islands by PWM/The Banker.

 
 
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This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
 
About Butterfield:
 
Butterfield is 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. The Group variously provides private banking, asset management, investment advisory, residential property lending and personal trust services from its headquarters in Bermuda and subsidiary offices in The Bahamas, the Cayman Islands, Guernsey, Switzerland and the United Kingdom. Butterfield also provides services to corporate and institutional clients from offices in Bermuda, The Bahamas, the Cayman Islands and Guernsey, which include asset management and trust services. Butterfield is publicly traded on the New York Stock Exchange. Butterfield’s share price on the New York Stock Exchange is available on Bloomberg Financial Markets (symbol: NTB).  Butterfield is also publicly traded in Bermuda, and its shares are listed on the Bermuda Stock Exchange.  Butterfield’s share price in Bermuda is published daily in The Royal Gazette (www.theroyalgazette.com) and is also available on Bloomberg Financial Markets (symbol: NTB BH) and the Bermuda Stock Exchange website (www.bsx.com).  Further details on the Butterfield Group can be obtained from our website at: www.butterfieldgroup.com.
 

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