News Releases

The Bank of N.T. Butterfield & Son Limited (“Butterfield”) today announced that Mrs. Sophia Harris has been appointed Chair of the Board of Directors of its wholly-owned subsidiary, Butterfield Bank (Cayman) Limited, effective 6 November 2012.

Annual Butterfield Educational Grant awarded to George Town Primary School.

The 2012 London Olympic Games have been a spectacular event for countries all around the world and two lucky winners – Luis Féliz and his wife Yamiler - were able to enjoy this historical event first-hand, as the winners of a very special competition sponsored by Visa and Butterfield. The competition saw the couple enjoy free flights and accommodation plus entry to the Olympic Games.

Butterfield Trust Makes Senior Appointments to Cayman Office Butterfield Trust in the Cayman Islands is pleased to announce that it has appointed Brian Balleine to the position of Senior Vice President and Head of Trust and Gina Nelson to the position of Head of Business Development in the jurisdiction.

The 20th Annual St. Patrick’s Day 5K Irish Jog held on Friday, 16 March 2012 attached over 1,050 enthusiastic runners, walkers and joggers to the Britannia Golf Course. This was the 2nd largest turn-out in the event’s 20-year history, and was again another great success.

Butterfield’s Midtown Plaza Branch Manager Deborah Haylock cut the ribbon this week to signify the official opening of the Bank’s third new banking centre, conveniently located at the brand new Midtown Plaza, just a short distance from the branch’s previous popular location at the Compass Centre. Staff, management and customers walked the red carpet up to the new premises, and enjoyed perusing the new facility, which includes a spacious customer service hall, an area for private customer meetings, a streamlined and modern design and the fastest ATMs in the Cayman Islands.

The Cayman Islands Further Education Centre toured Butterfield on Wednesday, 28 March 2012. Students visited the Treasury Dealing Department hosted by Phil Turnbull, Manager Treasury Dealings and watched real-time currency trades take place. The students met Human Resources and Marketing & Communications staff where they discussed the key competencies and employability skills expected by today’s top employers.

Each year, the sponsors of the Irish Jog each year, Butterfield Bank (Cayman) Limited and Grand Cayman Beach Suites donate 100 percent of the entry fees to a local charity. This year, the charity of choice is the Fueling Young Minds Programme, is a privately subsidized program that provides meals to qualifying Caymanian students in Government schools.

The Bank of N.T. Butterfield & Son Limited (“Butterfield”, “Group” or the “Bank”) today announced net income for the full year ended 31 December 2011 of $40.5 million compared to a reported loss of $207.6 million in 2010.

The 20th annual St. Patrick's Day 5K Irish Jog is set for Friday, 16 March 2012 at 5:30 p.m. at Grand Cayman Beach Suites.

Butterfield presents Prospect Primary PTA Public Relations Representative Ms. Amy Kilfillen with the Bank’s donation.

Butterfield Bank (Cayman) Limited recently presented the National Council of Voluntary Organizations with a donation of $ 2,500 for the purchase of laptops to be used in the Nadine Andreas Residential Foster Home.

The Bank of N.T. Butterfield & Son Limited (“Butterfield” or the “Bank”) today announced that Mr. Brendan McDonagh, who was previously Chief Executive Officer, HSBC North America and Group Managing Director, HSBC Holdings plc, will be nominated for election to its Board of Directors at the Annual General Meeting of Shareholders on 1 May 2012. Subject to his election, the Directors intend to appoint Mr. McDonagh to the position of Executive Chairman of the Bank.

The Bank of N.T. Butterfield & Son Limited announced that, in a rating update dated 13 December 2011, credit rating agency Standard & Poor’s (“S&P”) has affirmed Butterfield’s long-term credit rating at A- and its short-term customer deposit rating at A-2. S&P also increased the rating of the Bank’s preferred shares to BBB.

What started out as a fun, team-building exercise for Butterfield’s Trust and Fiduciary Services Department quickly became a tremendous boost for one of Cayman’s most worthy charities – ARK (Acts of Random Kindness).

The prestigious and highly sought after Butterfield Undergraduate Scholarship for 2011 has been awarded to Heather Harris who will be studying Journalism and Art Therapy at New York University.

The Bank of N.T. Butterfield & Son Limited (“Butterfield” or the “Bank”) today reported second quarter net income of $11.8 million, compared to net income of $8.4 million in the first quarter of 2011 and net income of $0.2 million in the second quarter of 2010.

Butterfield Bank (Cayman) Limited is pleased to announce the opening of its latest art exhibition in the Butterfield Hall of Art. Entitled “Vertebytes”, the exhibition of works by artist Kaitlyn Elphinstone, is curated by well-known local artist David Bridgeman. Vertebytes opens on 1 July 2011 to customers and the public and runs until November. The Hall of Art, located on the second floor of Butterfield’s flagship building, Butterfield Place, is a public space dedicated to featuring the artworks of emerging artists.

Butterfield is pleased to announce the appointment of Graeme Skinner as Senior Manager and Head of Corporate Banking. Graeme brings over 30 years of experience to the position and will be responsible for the Bank’s Corporate & Commercial Banking client relationships and business development, in Cayman and the Caribbean region.

The 4th Annual Butterfield Young Musician of the Year Award evening commenced on Saturday, 4 June at the Harquail Theatre. Butterfield Bank (Cayman) Limited is pleased to announce that the title of the Butterfield Young Musician of the Year 2011 was awarded to Isabella Rooney of Cayman Prep & High School who won over the judges with an impressive vocal performance.

Butterfield and the National Children’s Festival of the Arts are pleased to announce the 12 student finalists who will compete for the title of 2011 Young Musician of the Year

The 19th Annual St. Patrick’s Day 5K Irish Jog held on Thursday, 17 March 2011 saw a record number of participants. Over 1,100 enthusiastic runners, walkers and joggers crossed the finish line at the Britannia Golf Course.

Butterfield is pleased to announce appointments to its Asset Management division. Dennis Govan joins Butterfield as Head of Asset Management, Caribbean in the Cayman Islands. Michael Neff joins Butterfield as Executive Vice President, Head of Group Asset Management in Bermuda.

Butterfield Bank (Cayman) Limited recently signed on to be the 2011 platinum sponsor of the Cayman Heart Fund. This partnership aims to promote education, training and free medical screenings to help bring awareness to cardiovascular disease in the Cayman Islands.

Butterfield Bank (Cayman) Limited donated US$1000 to the International College of the Cayman Islands on 3 February for its library in an ongoing effort to re-build its book collection to pre-Hurricane Ivan levels.

Gavin McMaster is the proud winner of an Apple iPad, compliments of Butterfield during their 12 Days of Christmas promotion.

Butterfield Bank (Cayman) Limited takes an active role in providing its employees with a healthy balance in the workplace.

Philip Dickinson is the proud winner of a Philip Stein watch, compliments of Butterfield during their 12 Days of Christmas promotion.

As an avid supporter of arts and culture in the Cayman Islands for over 40 years, Butterfield Bank (Cayman) Limited is pleased to announce the re-opening of its art space. Recently re-named "The Hall of Art", this dedicated, public space features the artworks of emerging artists. The Hall of Art is located on the second floor of Butterfield’s flagship building, Butterfield Place.

Hamilton, Bermuda—3 November 2010: The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") today announced a third quarter net loss of $18.6 million compared to net income of $0.2 million for the second quarter of 2010 and net income of $7.0 million in the third quarter of 2009. On a normalised basis, net income was $4.9 million for Q3 2010 compared to $2.2 million for Q2 2010 and $5.5 million in Q3 2009.

Saving has paid off for a young Butterfield account holder. Rashaun McElroy recently won an Apple iPad, as part of the Butterfield Young Savers sign-up promotion. The Young Savers Savings Account is an account designed to teach young customers ages 10-17 to save, manage money and experience financial responsibility.

(Grand Cayman – 21 September 2010) Butterfield Bank (Cayman) Limited recently donated to the Cayman HospiceCare. Cayman HospiceCare is a non-profit organisation that provides high quality pain control, symptom management and support for people with life threatening illnesses.

(Grand Cayman – 26 August 2010) Six months after the earthquake destroyed Port au Prince, Haiti on 12 January 2010, some 1.6 million Haitians remain in overcrowded displacement camps. It will take years for the country to physically recover and for the people to mentally deal with this disaster.

Hamilton, Bermuda—5 August 2010: The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") today announced second quarter net income of $0.2 million compared with a net loss of $176.3 million for the first quarter 2010 and a net income of $10.3 million in the second quarter of 2009. On a normalised basis, net income was $2.2 million for Q2 2010 compared to normalised income of $4.1 million for Q1 2010 and $1.8 million for Q2 2009.

Hamilton, Bermuda ─ 27 April 2010: The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") today announced a first quarter net loss of $176.3 million or a loss of $0.75 per share on a fully-diluted basis, compared with a diluted loss per share of $0.22 in Q1 2009.

Butterfield is committed to supporting and investing in your future. Our scholarship provides financial assistance to students with proven academic achievements and leadership abilities. Your path to new life experiences begins with education.

Butterfield Bank(Cayman) Limited has been recognised as the “Best Private Bank in the Cayman Islands” in the Euromoney Private Banking and Wealth Management Survey 2010, which is regarded as the benchmark for the wealth management sector.

The 18th Annual St. Patrick's Day 5K Irish Jog held on Wednesday, March 17th March attracted over 1,000 runners, walkers and joggers to the finish line. The event raised $10,836 in support of diabetes and was donated to the Cayman Islands Diabetes Association and the Diabetic Support Group. The Irish Jog is co-sponsored each year by Butterfield Bank (Cayman) Limited and Grand Cayman Beach Suites and continues to support local charities.

Grand Cayman, Cayman Islands - 27 April 2010: The Bank of N.T. Butterfield & Sons Limited ("Butterfield Group") has announced that a first quarter net loss of $176.3 million has substantially de-risked the balance sheet following an excercise earlier this year which included a capital raise and announcement of the rights issue which continues to May 12th, 2010.

Please note the following guidelines for submitting audit confirmations to Butterfield Bank (Cayman) Limited.

Butterfield Bank (Cayman) Limited is proud to be a sponsor of the Our Angels Foundation

Butterfield Bank (Cayman) Limited has signed on once again as a major sponsor of the Cayman Carnival Batabano’s Jr. Parade. Set to be held on Saturday, 25th April, this year’s Jr. Parade features eleven different local schools and promises to be a spectacular event.

Butterfield Bank (Cayman) Limited recently presented the First Baptist Christian School with a sponsorship of $ 5,000 toward the FRCS’s art programme, which ranges from music to drama.

Butterfield recently signed on as a sponsor of the Cayman Islands Turtle Tri for the 15th consecutive year. The triathlon is set to take place on Sunday, November 23rd at the Public Beach.

Butterfield Bank is a presenting sponsor of the upcoming Cayman Invitational Pirates Week Stage Race, scheduled for this year’s Pirates Week Festival.

The Bank of N.T. Butterfield & Son Limited (“Butterfield”) today announced that it has reached an agreement with leading global technology provider, EDS, an HP company, to supply technology infrastructure management, application development and technical support for all Butterfield locations internationally.

The Bank of N.T. Butterfield & Son Limited (“Butterfield Bank Group” or “the Group”) (Bloomberg: NTB BH) today reported net income for the third quarter of 2008 of $80.5 million, the highest on record for the Group and up 102.9% year on year.

Butterfield recently donated $500 to the Cayman Athletics Football Club towards the club’s fundraising and sponsorship efforts.

Butterfield recently donated $1,500 to the NCVO for its annual Radio/Telethon, scheduled for this Saturday November 1st at Hard Rock Café.

Expo guest Joy Andrade will be visiting Universal Studios Orlando in the near “future” thanks to Butterfield Bank.

Butterfield Bank (Cayman) Limited cuts KYD and USD Prime rates.

The Bank of N.T. Butterfield & Son Limited (“Butterfield”) today announced that it has completed the merger of its Bermuda-based and international Fund Services businesses with those of Fulcrum Group to form the new company, Butterfield Fulcrum Group.

Due to the approaching storm Gustav, Butterfield Bank (Cayman) Limited, in conjunction with other retail banks on the island, will be closed for business on Friday, 29th August and Saturday, 30th August. We anticipate that our offices will re-open at 9:00 a.m. EST on Monday, 1st September once the “All Clear” has been issued for Grand Cayman.

Butterfield Bank (Cayman) Limited is offering personal loans to assist parents in the Cayman community with their 2008-2009 school fees.

Butterfield Bank (Cayman) Limited has continued its support of Cayman sports by once more becoming a major sponsor of the youth football team Tigers Football Club.

Butterfield Bank (Cayman) Limited launched its new Saturday banking service this past week at their Governors Square branch location.

Fulcrum Group, a leading global administrator for hedge funds and the alternative asset management industry, backed by global private equity firm, 3i, and Butterfield Fund Services (BFS), a top-twenty provider of administration services for investment and pension funds and part of The Bank of N. T. Butterfield & Son Limited (Butterfield), today announced, subject to regulatory and governmental approvals, an agreement to merge the two businesses to create Butterfield Fulcrum Group (BFG).

Fulcrum Group, a leading global administrator for hedge funds and the alternative asset management industry, backed by global private equity firm, 3i, and Butterfield Fund Services (BFS), a top-twenty provider of administration services for investment and pension funds and part of The Bank of N. T. Butterfield & Son Limited (Butterfield), today announced, subject to regulatory and governmental approvals, an agreement to merge the two businesses to create Butterfield Fulcrum Group (BFG).

Butterfield Bank (Cayman) Limited demonstrated its commitment to delivering the highest standard of service to its customers, employees and stakeholders by providing the industry’s gold standard in information security training to its staff.

Butterfield Bank (Cayman) Limited announced today that they will offer Saturday banking starting on 2nd August 2008.

Butterfield Bank recently donated $500 to Cayman Traditional Arts (CTA), sponsoring two students to attend the CTA’s annual summer camp.

The prestigious and highly sought after Butterfield Bank Undergraduate Scholarship for 2008 was awarded to Anika Conolly, daughter of Rose Welds and Noel Conolly.

Thanks to the help of Butterfield Bank (Cayman) Limited, the GHHS Band will be able to purchase a new Baritone Sax, bringing pride to the band once again who frequently perform in concert both local and abroad.

For the third year in a row, Butterfield Bank was named ‘Best Bank in Bermuda’ by Euromoney, one of the world’s leading financial publications.

Butterfield Bank recently donated $20,000 to the Cayman Heart Fund and it is already being put to effective use in the purchase a much-needed Heart Stress Treadmill Machine for the Health Services Authority in George Town

The John Gray High School’s H.S.A. (Home School Association) has undertaken an ambitious new initiative, USSR or “Uninterrupted Sustained Silent Reading”, which will promote reading in the school.

Butterfield Bank (Cayman) Limited recently donated $10,000 to Triple C School toward the development of their new Foreign Language Lab. Triple C has been diligently raising the funds needed to complete the project, which is set to open in September for their new school year.

Butterfield Bank (Cayman) Limited recently welcomed a new member to its Credit Services Department. Tracie Lee-Wah joined the Bank as a Manager in the Corporate Banking division, which focuses primarily on managing financing and investment relationships for business customers.

In celebration of the opening of Butterfield Place, Butterfield Bank (Cayman) Limited gave environmentally friendly gifts to customers who visited the new branch during opening week and also to all of their 400 employees.

Butterfield Bank (Cayman) Limited announced today that Jim O’Neill has been appointed to its Board of Directors effective May 2008.

Butterfield Bank (Cayman) Limited announced today that their George Town branch located across from the Cayman Islands Postal Service has relocated to Albert Panton Street

Butterfield Bank (Cayman) Limited announced today that their new state-of-the-art branch and office building on Albert Panton Street opens its doors to the public on 20th May 2008.

The West Indies Rugby Union is pleased to announce the renewal of sponsorship for the Rugby West Indies Sevens Team from Butterfield Bank (Cayman) Limited and Guyana Telephone & Telegraph Co. Ltd.

Butterfield Bank (Cayman) Limited announced today that they are adding additional ATMs in Grand Cayman to better serve their customers.

Butterfield Bank (Cayman) Limited cuts KYD and USD Prime rates by 0.25% to 5.00%, with effect Thursday, 1st May 2008.

Net income of $36.3 million, Up 1.8% Year on Year.

At the 104th Annual General Meeting (“AGM”) of The Bank of N.T. Butterfield & Son Limited (“Butterfield Bank”) held on 16 April 2007, three new Directors were appointed to the Butterfield Bank Board: Graham C. Brooks, Sheila A. Lines and Patrick Tannock.

Butterfield Bank (Cayman) Limited is pleased to advise that, following the appointment of Westpac Banking Corporation, Sydney as Australian Dollar correspondent, enhanced servicing of transactions in this currency are available.

Butterfield Appoints New Manager, Head of Private Banking Butterfield Bank (Cayman) Limited announced today that Christopher Duggan has been appointed as Manager and Head of the company’s new Private Banking division.

Butterfield Bank (Cayman) Limited is proud to announce the winners of its children’s art competition. Part of Butterfield Bank’s 40th anniversary celebrations in 2007, the competition was themed around Cayman by sea, land or sky and entries could be submitted in any medium. Winners received cash prizes ranging from $50 for honourable mentions to $500 for first-place in each category.

Butterfield Bank recently donated $20,000 to the Cayman Heart Fund and it is already being put to effective use in the purchase a much-needed Heart Stress Treadmill Machine for the Health Services Authority in George Town.

The Bank of N.T. Butterfield & Son Limited (“Butterfield Bank”) today announced that several Europe-based members of its senior staff have been named in Citywealth’s Leaders List 2008.

The 16th Annual St. Patrick's Day 5K Irish Jog held on Monday, 17th March 2008 attracted 946 runners, walkers and joggers to the Britannia Golf Course. The golf course’s lush green lawn added to the relaxed and inviting atmosphere. Participants received free giveaways, including a keepsake T-shirt, and were eligible to win one of several fabulous spot prizes awarded on a draw basis. Complimentary food and refreshments were plentiful after the event.

Butterfield Bank (Cayman) Limited recently presented the Cayman Islands National Squash Association (CINSA), the youth division of the South Sound Squash Club, with $12,000 to help fund their 2008 activities.

Butterfield Bank (Cayman) Limited recently presented the Cayman Islands Sailing Club with $5,000 to help with the maintenance of their fleet of Byte sailing boats. The Bytes are used primarily in the Club’s “Sailing and me” youth programme, which allows for hundreds of children to learn about and enjoy sailing each year.

As a stalwart supporter of Junior Achievement in the Cayman Islands, Butterfield Bank (Cayman) Limited mentored a group of 12 students over the last two terms. Bank employees volunteered their time each week offering the students valuable insight into entrepreneurship. The students essentially ran their own company, under the guidance of experienced mentors, producing and selling products.

Butterfield Bank (Cayman) Limited announced today that the 16th annual St. Patrick's Day 5K Irish Jog will take place on Monday, March 17th, 2008 at 5:30 p.m. at Grand Cayman Beach Suites (formerly Hyatt Regency Grand Cayman). The 3.1 mile course follows the cart path around the Britannia golf course and villas.

The 16th annual St. Patrick's Day 5K Irish Jog will take place on Monday, March 17th, 2008 at 5:30 p.m. at Grand Cayman Beach Suites (formerly Hyatt Regency Grand Cayman).

As a stalwart supporter of Junior Achievement in the Cayman Islands, Butterfield Bank (Cayman) Limited mentored a group of 12 students over the last two terms. Bank employees volunteered their time each week offering the students valuable insight into entrepreneurship. The students essentially ran their own company, under the guidance of experienced mentors, producing and selling products.

The Bank of N.T. Butterfield & Son Limited (“Butterfield Bank Group” or “the Group”) today reported net income for the full year ended 31 December 2007 of $146.0 million, a record for the Group and up 8.9% year on year.

Butterfield Bank (Cayman) Limited recently welcomed a new member to its Credit Services Department.

Butterfield Bank (Cayman) Limited has proudly given sponsorship to the Cayman National Flag Football Team as they gear up to play in the upcoming 9th Annual World Cup. Cayman has successfully competed in the past, placing third in the last two competitions attended. Going in to this year’s competition with what looks to be their best team ever, Cayman stands a good chance of winning.

The Bank of N.T. Butterfield & Son Limited, (“Butterfield Bank”) today announced that it has been named Best Local Private Bank in the Caribbean and Best Local Private Bank in Bermuda by Euromoney magazine.

The Bank of N.T. Butterfield & Son Limited, (“Butterfield Bank”) today announced that it has been named Best Local Private Bank in the Caribbean and Best Local Private Bank in Bermuda by Euromoney magazine.

Butterfield Bank (Cayman) Limited announced today that the 19th annual St. Patrick's Day 5K Irish Jog will take place on Thursday, March 17th, 2011 at 5:30 p.m. at the Britannia Golf Course, located at the Grand Cayman Beach Suites.