Butterfield Bank Executive Vice President Retires After 39 Years

Hamilton, Bermuda, July 25, 2006 -- Butterfield Bank's Executive Vice President of Operations & Information Technology, C. Wendell Emery, will retire next month from Butterfield Bank after 39 years of committed service. Mr. Emery spent 23 years working in Trust and Investments occupying progressively senior management positions at the former Butterfield Executor & Trustee Company - a consolidation of what are now Butterfield Investment Services, Butterfield Asset Management and Butterfield Trust.

Mr. Emery next worked in International Banking and directed Corporate Banking, Retail Banking and Information Technology.

In 1992 he was awarded an MBE in recognition of his 18 years on The Public Service Commission of Bermuda.

Alan Thompson, President and CEO of Butterfield Bank said, "Wendell's wisdom, guidance and expert knowledge of the bank will be sorely missed. While Wendell may be irreplaceable, his duties on the senior executive are in the process of being reassigned."

After nearly four decades, Mr. Emery has seen the Bank expand from 200 locally based staff to 1,600 employees in both Bermuda and overseas. He believes there was still opportunity for the Bank to grow.

"I think banking and all of its components - because it has gone beyond just banking - create opportunities for people at all levels if they come in with the right attitude," he said.  Mr. Emery admitted that he would miss working at Butterfield Bank, however, said he only thought he would stay for five years when he first joined. "After the first year or two I began to enjoy it. I suppose it was timing. The Bank was beginning to grow. I got caught up in the growth," he said