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10 March 2008
Butterfield Bank celebrates 150th with $5 million gift to Bermuda

To help mark its Sesquicentennial, The Bank of N.T. Butterfield & Son Limited (“Butterfield Bank”) announced today that its Charitable Foundation will make up to $5 million available for the granting of endowments to provide ongoing assistance to registered charities in Bermuda in 2008.


The Butterfield Bank Charitable Foundation, will award charities with endowments of between $250,000 and $1 million of Bank shares that are to be used to establish a capital pool that will provide a long-term benefit. The Foundation’s endowments are in addition to the Bank’s ongoing corporate giving efforts which see approximately $1 million donated to local charities and events annually, and several scholarships and educational bursaries awarded to Bermudian students each year.


In welcoming the endowment programme, Alan R. Thompson, President & Chief Executive Officer of Butterfield Bank said, “We are proud to be celebrating our 150th anniversary this year. Were it not for the support and loyalty of members of our community -- our customers, employees, business partners and shareholders – we would not have reached this significant milestone.”


“To say thank you, the Foundation will be donating funds that will be put to use in helping make Bermuda a better place for everyone who lives here.”


The Butterfield Bank Charitable Foundation will be accepting applications for endowments from registered charities until 25 April 2008. Charitable organisations interested in learning more about the programme and the application process are invited to attend a special information session at the Centre on Philanthropy on 3 April 2008 at 5.30 p.m. Charities interested in attending the information session are encouraged to register with the Centre on Philanthropy, (441) 236 7706 by 31 March 2008.


Awards of Endowment funds will be determined by the Board of Governors of Butterfield Bank Charitable Foundation based on the applications received. Recipients will be announced at a Press Conference scheduled for 29 May.


Application forms are available at all Butterfield Bank Branches, from the Bank’s website at www.butterfieldbank.bm or from the Centre on Philanthropy, Charities House, 25 Point Finger Road, Paget.


Samantha Pacheco is coordinating the Endowment Programme on behalf of Butterfield Bank Charitable
Foundation. She can be reached at samanthapacheco@bntb.bm or (441) 299 3902.


Note to Editors:


Butterfield Bank is Bermuda’s first and largest independent bank, and a specialist provider of international financial services. The Butterfield Bank Group offers a full range of community banking services in Bermuda, Barbados and the Cayman Islands, encompassing retail and corporate banking and treasury activities. In the wealth management area, the Group provides private banking, asset management and personal trust services from its headquarters in Bermuda and subsidiary offices in The Bahamas, the Cayman Islands, Guernsey, Hong Kong, Malta, Switzerland and the United Kingdom. The Group provides services to corporate and institutional clients from offices in Bermuda, The Bahamas, Canada, the Cayman Islands and Guernsey, which include investment and pension fund administration, asset management and corporate trust services. Butterfield Bank is a publicly traded corporation with shares listed on the Bermuda and Cayman Islands stock exchanges. Further details on Butterfield Bank can be obtained from our website at: www.butterfieldbank.com.


 

Media Relations Contacts:


Mark Johnson
Assistant Vice President
The Bank of N.T. Butterfield & Son Limited
Phone: (441) 299 1624
Fax: (441) 295 3878
E-mail: markjohnson@bntb.bm

 

Stuart Roberts
Senior Communications Specialist
The Bank of N.T. Butterfield & Son Limited
Phone: (441) 298 4610
Fax: (441) 295 3878
E-mail: stuartroberts@bntb.bm

 

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