The Banker Names Butterfield “Bank of the Year” in Bermuda and the Cayman Islands For Third Consecutive Year
Hamilton, Bermuda and George Town, Grand Cayman—1 December 2015: International banking industry publication, The Banker, today named The Bank of N.T. Butterfield & Son Limited and Butterfield Bank (Cayman) Limited (collectively “Butterfield”) the recipients of its “Bank of the Year 2015” Awards in Bermuda and the Cayman Islands. Butterfield was similarly named The Banker’s Bank of the Year in Bermuda and the Cayman Islands in 2013 and 2014.
The Banker, a Financial Times publication, is a highly regarded UK-based periodical that each year selects banks in over 100 countries to receive their Bank of the Year Awards. In making their selections, The Banker’s global editorial team considers not only a bank’s financial performance, but also strategic initiatives, innovative use of technology and service delivery channels, and efforts to extend banking services to all parts of the community. A full listing of Bank of the Year 2015 Award winners will be published in the December edition of The Banker.
Michael Collins, Butterfield’s Chief Executive Officer, said “Butterfield is honoured to, once again, be recognised as The Banker’s Bank of the Year in Bermuda and the Cayman Islands. Receiving a Bank of the Year accolade is among the most valued accomplishments in the industry, and earning that distinction in two key markets for three years running is a matter of much pride at the Bank. The awards reflect Butterfield’s commitment to our communities, and the strength of our team and their efforts in ensuring that we are continually providing our customers with leading products and exemplary service.”
Conor O’Dea, Butterfield’s President & Chief Operating Officer and Managing Director of Butterfield Bank (Cayman) Limited, said, “Bermuda and the Cayman Islands are Butterfield’s two largest markets and longest-served communities. Over the past twelve months, we have enhanced our presence through the acquisition of select personal and corporate banking business from HSBC in Cayman, and the announcement of our planned acquisition of the Private Banking Investment Management and Trust business of HSBC in Bermuda. We believe that our demonstrated commitment to Bermuda and Cayman, the expertise and professionalism of our people, and the substantial progress we have made in building sustainable shareholder value are among the key reasons that Butterfield has again been named Bank of the Year.”
In addition to being named The Banker’s Bank of the Year, Butterfield was named Global Finance’s best bank in Bermuda in its 2015 selections of the World’s Best Developed Market Banks. Butterfield was also named Best Private Bank in Bermuda by Euromoney (2014), Global Finance (2015) and PWM/The Banker (2015). Butterfield Trust was named 2015 Trust Company of the Year at the tenth annual Society of Trust and Estate Practitioners (STEP) Private Client Awards.
Notes to Editors:
This Release does not constitute an offer to sell securities, or a solicitation of an offer to buy securities, in any jurisdiction, including without limitation the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. A public offering of securities in the United States, if any such offering is made, will be made by means of a prospectus that may be obtained from The Bank of N.T. Butterfield & Son Limited (“Butterfield”) containing detailed information about Butterfield and management, as well as financial statements.
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 provides 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.