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16 March 2009
Butterfield Wins Best Bank in Bermuda 2009 Award from Global Finance

The Bank of N.T. Butterfield & Son Limited (“Butterfield”) today announced that it has been named Best Developed Market Bank 2009 for Bermuda by Global Finance magazine.  This is the fifth consecutive year Butterfield has won an award from Global Finance. 

As part of its annual awards, Global Finance names Best Banks in several developed countries across North America, Europe and the Asia Pacific/Middle East regions.  Bermuda is included in the North American category.  Other 2009 winners in this category are Scotiabank (for Canada) and JPMorgan Chase (for the US). 
In selecting the winners, the editors of Global Finance considered criteria including growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.  Analysis of these factors, along with subjective criteria, such as the opinions of equity analysts, credit rating analysts and other industry experts, yields a list of award winners that are, according to the magazine, “not necessarily the largest, oldest or most diversified in their respective markets, but rather the best”.

Joseph D. Giarraputo, Global Finance’s publisher, said of the winners, “We recognise these banks for their outstanding accomplishments. Global financial markets are extremely difficult, and conditions in each market may have differed, but the winning banks were all noteworthy in their dedication to satisfying their customers’ needs.”
Alan Thompson, President & CEO of Butterfield said, “We are very pleased to have been named the Best Developed Market Bank in Bermuda by Global Finance for the fifth consecutive year. Being given such an international accolade, particularly in these extremely challenging times, reaffirms the excellence of our employees, to whom we dedicate this Award.”
Global Finance will publish a full report on 2009’s Best Developed Market Banks in its April edition.

Note 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, 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. 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 corporate trust services. Butterfield is a publicly traded corporation with shares listed on the Bermuda and Cayman Islands stock exchanges. Further details on the Butterfield group can be obtained from our website at:


Media Relations Contacts:   


Mark Johnson
Assistant Vice President
The Bank of N.T. Butterfield & Son Limited
Phone: (441) 299-1624
Cellular: (441) 524-1025
Fax: 441) 295-3878

Stuart Roberts  
Senior Communications Specialist
The Bank of N.T. Butterfield & Son Limited
Phone: (441) 298-4610
Cellular: (441) 524 2057
Fax: (441) 295-3878





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