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Butterfield Again Named Best Developed Market Bank 2016 – Bermuda by Global Finance Magazine


Hamilton, Bermuda—23 March 2016: The Bank of N.T. Butterfield & Son Limited (“Butterfield”) today announced that it has been named Global Finance’s best bank in Bermuda in its 23rd annual selection of the world’s best banks in developed markets; the second year Butterfield has received this award.

Global Finance is a US-based periodical providing analysis and articles on financial markets and financial institutions. It has a circulation of more than 50,000 subscribers in 188 countries. The editors of Global Finance made their selections of the 2016 winners after extensive consultations with corporate financial executives, bankers and analysts throughout the world. In addition, a poll of Global Finance’s corporate readership was conducted to increase the accuracy and reliability of the results. In a press release announcing the winners, Global Finance noted that “The winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished better results while laying the foundations for future success.”

The complete list of the 2016 global winners will be published in the May edition of Global Finance.

Joseph D. Giarraputo, publisher and editorial director at Global Finance said, “Global Finance’s annual Best Bank Awards honour those financial institutions that excel at providing their customers with the service and product offerings that best meet their unique needs.

“These banks may not be the largest or oldest banks in their markets, but they have the strength and vision to outshine their peers.”

Michael Collins, Butterfield’s Chief Executive Officer said, “It is an honour to once again have been included in Global Finance’s listing of the best banks in developed markets, alongside many of the world’s most recognised banking brands. The award not only acknowledges Butterfield for our strength in client services and our financial performance, it implicitly recognises our home market of Bermuda as a mature and important international financial centre.”

 
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Notes to Editors:
 
The Bank of N.T. Butterfield & Son Limited (“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 variously provides 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.  Butterfield is a publicly traded corporation with shares listed on the Bermuda Stock Exchange.  Butterfield’s share price 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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