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26 July 2006
Board change at Butterfield Bank

Hamilton, Bermuda – Wednesday July 26, 2006:After ten years on the Board of Directors, Sheila Manderson will retire on Monday, July 31, 2006. Mrs. Manderson said she had been privileged to be part of the Bank’s significant success in recent years, and she expressed sincere appreciation for the support she received from employees at all levels throughout her tenure. She said serving the Bank on the Board of Directors had been an experience of a lifetime and she would miss the Bank after she left Bermuda. Dr. James King, Board Chairman, said “Mrs. Manderson has achieved a high level of attendance and contribution to the Board’s deliberations, and her wise guidance and support will be missed.” The Board of Directors has filled the vacancy by the appointment of a new director, Pauline D. Richards. Ms. Richards is a Director and Audit Committee Chair of NYSE-listed conglomerate Cendant Corporation and formerly acted as chief financial officer for a number of Bermuda-based financial services companies. She is also Director of Development of Saltus Grammar School. Dr. King said “We are delighted to welcome Pauline Richards to the Board.” 

 

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, 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.

 

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

 

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