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21 December 2006
Butterfield Bank continues to spread festive cheer

Butterfield Bank employees have so far donated over $12,000 to youth charities this Christmas season.


In lieu of sending Christmas cards to customers, Butterfield Bank President & CEO Alan Thompson presented $5,000 to Big Brothers Big Sisters of Bermuda on Monday (December 15).


However, four more Bank departments have since stepped up to lend a hand to the needy, with the Operations group today announcing a $3,100 donation for a playroom makeover at the Sunshine League Children’s Home.


“This donation was done instead of the traditional departmental gift exchange,” Simmonnette Tyrrell, Assistant Vice President of Banking Operations explained. “We were able to furnish the play-room as well as provide needed furniture in the family room. Staff members gave up two Saturdays to paint the room, clean, organize shelves, hang mini-blinds and curtains and decorate with all the finishing touches.”


Mrs. Tyrrell said the $3,100 the philanthropic department raised went towards two computer printers, a photocopier, scanner, DVD Player, new DVDs, a $300 Complete Office gift certificate, twelve $30 Phoenix Store gift certificates and several games for the Children’s Home.


She added that Pembroke Paint donated the paint for this project while most of the furniture was donated by Elbow Beach Hotel.


Butterfield Bank’s Credit Risk Management department went an extra mile by presenting the Salvation Army with an estimated $3,500 worth of toys, clothes, food and utensils – enough for a family of five people to experience a little festive joy this Christmas.


An anonymous Santa drive in the Finance department raised another $200 to make the Holidays of four children aged between one- and 12-years-old, a little brighter via the Salvation Army.


In addition to a $500 donation made to the Sunshine League Children’s Home by the Bank’s Alliance Programme employees on Monday, the Recruitment department will present another $370 to the charity this week.


Butterfield Bank Executive Vice President & Chief Financial Officer Richard Ferrett thanked the participating employees and said it was important to remember the true spirit of the Holidays.


“It is important to reach out to our less-fortunate neighbours throughout the year, however, this may be even more important during the Holiday Season,” Mr. Ferrett said. “I am proud of every Butterfield Bank employee who gave a little extra of themselves this year, so that someone they may never have met may find themselves with a slightly bigger smile on Christmas Day. Butterfield Bank wishes Bermuda a joyous Holiday season and a safe and prosperous New Year.”

Note to Editors:
Butterfield Bank is Bermuda’s first and largest indigenous bank, and a specialist provider of offshore 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.  Private banking, wealth management and fiduciary services are provided from the Group’s headquarters in Bermuda and subsidiary offices in the Cayman Islands, Guernsey, The Bahamas, Switzerland and the United Kingdom.  In addition, investment and pension fund administration services are provided in Bermuda, the Cayman Islands, Guernsey, The Bahamas and the United Kingdom. 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 web site at:


Media Relations Contacts:
Stuart Roberts
Marketing & Communications
Phone: (441) 298-4610
Fax: (441) 295-3878




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