Butterfield Names Brad Rowse New CFO

Hamilton, Bermuda ─ 27 September, 2010 – The Bank of N.T. Butterfield & Son Limited (“Butterfield” or the “Bank”; Ticker: NTB.BH) today announced that it has appointed Bradley J. Rowse as Executive Vice President & Chief Financial Officer.

Mr. Rowse joins Butterfield from Scotiabank in Toronto where he was most recently Senior Vice President and Chief Financial Officer for International Banking, with overall responsibility for the financial accounting function in over 40 countries. Prior to joining Scotiabank, Mr. Rowse spent 13 years with PriceWaterhouseCoopers in Canada.

At Butterfield, Mr. Rowse will be responsible for the Group’s accounting, finance and treasury functions. The finance teams in all seven of Butterfield’s jurisdictions will report to him.

Bradford Kopp, Butterfield’s President & Chief Executive Officer, said, “We are very pleased that Brad has joined Butterfield as our new CFO. His background in international banking and his proven track record in managing finance teams across multiple jurisdictions make him an excellent fit for the job. I know Brad will be a great asset to our team.”

Mr. Rowse and his family have relocated to Bermuda from Oakville, Canada.

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, investment advisory and personal trust services from its headquarters in Bermuda and subsidiary offices in The Bahamas, the Cayman Islands, Guernsey, 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.butterfieldgroup.com.

Media Relations Contacts at Butterfield Bank:                                  

Mark Johnson            

Assistant Vice President

Phone: (441) 299 1624                       Cellular: (441) 524 1025

Fax: (441) 295 3878

E-mail: mark.johnson@butterfieldgroup.com

Stuart Roberts

Bermuda Communications Manager

The Bank of N.T. Butterfield & Son Limited

Phone: (441) 298 4610

Cellular: (441) 532 0143

Fax: (441) 295 3878

E-mail: stuart.roberts@butterfeldgroup.com