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17 October 2006
Butterfield Bank Statement concerning Bermuda Commercial Bank

Butterfield Bank announced today that it is exploring the possible purchase of Bermuda Commercial Bank.  The Bank’s discussions with Bermuda Commercial Bank are at a preliminary stage and no agreement has been reached.   There can be no assurance that an agreement ultimately will occur, and the Bank does not intend to comment further until our talks have concluded.

 

 

Note to Editors:

The Butterfield Bank Group, Bermuda’s first and largest indigenous bank, offers a full range of community banking services in Bermuda, Barbados and the Cayman Islands, encompassing retail and corporate banking and treasury activities. As a specialist offshore financial services provider the Group also provides private banking, wealth management and fiduciary services, and investment and pension fund administration services from its headquarters in Bermuda, and its subsidiary offices in the Cayman Islands, Guernsey, Switzerland, The Bahamas and the United Kingdom. The Butterfield Bank Group is a publicly traded corporation with its shares listed on the Bermuda and Cayman Islands stock exchanges. Further details on Butterfield Bank can be obtained from our web site at: www.butterfieldbank.com.

Investor Relations Contact:
Richard Ferrett
Chief Financial Officer
Phone: (441) 299-1643
Fax: (441) 295-1220
Email: richardferrett@bntb.bm

Media Contact:
Stuart Roberts
Marketing & Communications
Phone: (441) 298-4610
Fax: (441) 295-3878
Email: stuartroberts@bntb.bm


 

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