Butterfield Bank Selects EDS as Third-Party Provider of IT Services

Hamilton, Bermuda €” 3 November 2008 - The Bank of N.T. Butterfield & Son Limited ("Butterfield") [Ticker: NTB.BH] 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.

Wilton Dolloff, Executive Vice President and Chief Operating Officer at Butterfield, explained, "Butterfield selected EDS as a third-party provider of information technology services for the Group following an extensive due diligence process that confirmed they are the right firm with which to partner for our current and future technology needs.  EDS has an excellent reputation for managing technology infrastructure and providing application development and support to international financial services companies.  We are pleased to be working with them."

"Success in today's global financial market requires more than just banking knowledge, it requires advanced I.T. to optimise operations, improve productivity and deliver top-notch services to customers." said Mark DeBenedictus, vice president, Financial Services, EDS, an HP company.  "As Butterfield's trusted business ally, the EDS team will deliver I.T. services with the flexibility and scalability to support the Bank's growth plans and enhance Butterfield customers' overall experience."

EDS Agility Alliance partner Oracle, via its Oracle Financial Services, will provide the Bank's core banking system, which EDS will implement.

Mr. Dolloff said, "With EDS as our technology partner, Butterfield can now begin the process of transitioning all of our business applications and international legacy systems to a new, common platform that will be centrally managed.  This should enable the Bank to realise significant efficiencies and enhance our operating capabilities going forward for the benefit of all of our stakeholders."

Management and coordination of international I.T. functions for Butterfield Group will continue to be carried out from its head office in Bermuda. 

Celebrating its 150^th anniversary in 2008, 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: www.butterfieldbank.com.

Mark Johnson

Assistant Vice President

The Bank of N.T. Butterfield & Son Limited

Phone: (441) 299-1624

Fax: 441) 295-3878

E-mail: markjohnson@bntb.bm

Stuart Roberts                        

Senior Communications Specialist

The Bank of N.T. Butterfield & Son Limited

Phone: (441) 298-4610

Fax: (441) 295-3878

E-mail: stuartroberts@bntb.bm