Change of General Counsel and Board Secretary at Butterfield Bank

Hamilton, Bermuda€”15 December 2008: The Board of Directors of The Bank of N.T. Butterfield & Son Limited ("Butterfield") announced today that it has appointed Tonya L. Marshall as the new Senior Vice President, General Counsel and Secretary to the Board of Directors.  Ms. Marshall replaces Peter Rodger who retired from Butterfield last week after 31 years of service to the Bank.

Robert A. Mulderig, Chairman of Butterfield thanked Peter Rodger for his many years of service to the Board and the Bank.  "As a member of the Butterfield Board for many years, I have had the good fortune to work closely with Peter.  On behalf of the Directors, I would like to extend a sincere €˜thank you' to Peter for his dedication and professionalism over the years.  During Peter's tenure, Butterfield has grown considerably from a primarily local bank into the modern, international financial services company we know today.  Peter's perspective and the wise counsel he has provided to the Bank's management team over three decades certainly contributed to that success.  I wish Peter all the best for a healthy and happy retirement."

Mr. Mulderig added, "I would also like to take this opportunity to formally welcome Tonya to the Bank.  We are pleased to have her as a member of our team."

Ms. Marshall has practised law for ten years, the last eight of which have been in Bermuda where her practice included all aspects of corporate and commercial law, with a particular focus on public company and insurance matters.  She holds a Bachelor of Commerce degree from Dalhousie University, Canada and a Bachelor of Laws from the University of Buckingham in England.  Ms. Marshall also attended the Oxford Institute of Legal Practice to qualify as a Solicitor in England and Wales.  She is a member of the Bermuda Bar Association and the International Bar Association, and is both a Notary Public and a Commissioner for Oaths.  Ms. Marshall joined Butterfield in October from law firm Conyers Dill & Pearman.

Mr. Rodger, who retires at age 62 to pursue personal interests, reflected upon his many years with Butterfield and the changes he has seen in Bermudian banking: "Being with one company for over 30 years has been a great experience.  I have seen a lot of beneficial changes in that time; not just in the Bank's international growth, but also in the development of Bermuda's various lines of international business.  I am pleased to have played a part in many of those developments, and I know I am leaving the Bank in good legal hands with Tonya Marshall." 

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Note to Editors:

Celebrating its 150th 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.

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Media Relations Contacts:                                 

Mark Johnson                                         Stuart Roberts

Assistant Vice President                         Senior Communications Specialist

Bank of N.T. Butterfield & Son Ltd            Bank of N.T. Butterfield & Son Ltd

Phone: (441) 299 1624                             Phone: (441) 298 4610  

Fax: (441) 295 3878                                 Fax: (441) 295 3878

E-mail: markjohnson@bntb.bm                 E-mail: stuartroberts@bntb.bm