The Bank of Butterfield & Son is a universal community bank encompassing retail and corporate banking and treasury activities and a provider of specialised international financial services. In the wealth management area, the bank provides private banking, asset management and personal trust services. Butterfield also provides services to corporate and institutional clients which include asset management and corporate trust services.
The Bank of N T Butterfield & Son Limited is the 1st largest bank in Bermuda in terms of total assets. In 2018 its total assets were 10 773,20 mln USD, providing the bank with the market share of 52.31%. In 2018 the bank's net income was 195,20 mln USD.
The Bank of N T Butterfield & Son Limited is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Long-term credit rating assigned to the bank by Moody's is A3 (upper medium grade).
The Bank of N T Butterfield & Son Limited participates in the deposit guarantee scheme of Bermuda. This deposit guarantee scheme applies to current and deposit accounts in BMD (Bermudian dollar) made by individuals, SMEs and charities registered in Bermuda and covers up to up to 25,000 USD per bank per depositor. The Bank of N T Butterfield & Son Limited is a member of Bermuda Deposit Insurance Corporation (BDIC) and makes its contributions into it.
The Bank of N T Butterfield & Son Limited is located in Hamilton.