BUTTERFIELD REDUCES BANKING CENTRE HOURS AND EXTENDS SCHOLARSHIP DEADLINE

23 March 2020

Hamilton, Bermuda: 23 March 2020 –In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited (the “Bank”; Ticker: NTB.BH) announced additional Covid-19 customer and student relief initiatives. The filing stated:

BUTTERFIELD REDUCES BANKING CENTRE HOURS IN BERMUDA;
EXTENDS SCHOLARSHIP APPLICATION DEADLINE

The Bank of N.T. Butterfield & Son Limited (“Butterfield” or “the Bank”) (BSX: NTB.BH | NYSE: NTB) today announced that it will reduce its banking hours at all three Banking Centres in Bermuda during the COVID-19 period.

Effective Wednesday, 25 March 2020 and until further notice, the Reid Street (Hamilton), St. George and Somerset Banking Centres will operation from 9:00 a.m. to 1:00 p.m., Monday through Friday. Saturday banking services have been suspended until further notice.

Social distancing measures are also in place at all Banking Centres, with customers required to maintain a minimum of six feet between each other whilst queueing for service, and only a limited number of customers permitted in the Banking Centre at one time.

The Bank is taking these steps to help minimize the risks of COVID-19 infection for both customers and employees.

Butterfield is also encouraging customers to conduct banking transactions electronically, using Butterfield Online, the mobile banking app and at ATMs wherever possible, rather than visiting its Banking Centres. In addition, customers are requested to call the Consumer Credit department on (441) 298-4799 to discuss their borrowing needs.

Butterfield also announced that, due to the disruptions associated with COVID-19 containment efforts in the community, it is extending the deadline for applications for all three Butterfield Scholarships (Undergraduate Scholarship for Employees’ Children, Post-Graduate, and Sir Harry D. Butterfield Undergraduate) to 24 April 2020.

-ENDS-

The Bank of N.T. Butterfield & Son Limited is licenced to conduct banking business by the Bermuda Monetary Authority.

BUTTERFIELD and the Wyvern Logos are trade marks or registered trade marks of The Bank of N.T. Butterfield & Son Limited in Bermuda and other countries.

Forward-Looking Statements:

Certain of the statements made in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target” and other similar words and expressions of the future. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Bank to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements due to a variety of factors, including worldwide economic conditions and fluctuations of interest rates, the successful completion and integration of acquisitions (including the recently closed acquisition of ABN AMRO (Channel Islands) Limited) or the realization of the anticipated benefits of such acquisitions in the expected time-frames or at all, success in business retention and obtaining new business and other factors. All statements other than statements of historical fact are statements that could be forward-looking statements.

All forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our Securities and Exchange Commission (“SEC”) reports and filings. Such reports are available upon request from the Bank, or from the SEC, including through the SEC’s website at http://www.sec.gov. Except otherwise required by law, Butterfield assumes no obligation and does not undertake to review, update, revise or correct any of the forward-looking statements included herein, whether as a result of new information, future events or other developments. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

About Butterfield:

Butterfield is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, providing services to clients from Bermuda, the Cayman Islands, Guernsey and Jersey, where our principal banking operations are located, and The Bahamas, Switzerland, Singapore and the United Kingdom, where we offer specialized financial services. Banking services comprise deposit, cash management and lending solutions for individual, business and institutional clients. Wealth management services are composed of trust, private banking, asset management and custody. In Bermuda, the Cayman Islands and Guernsey, we offer both banking and wealth management. In The Bahamas, Singapore and Switzerland, we offer select wealth management services. In the UK, we offer residential property lending. In Jersey, we offer select banking and wealth management services. Butterfield is publicly traded on the New York Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange (symbol: NTB.BH). Further details on the Butterfield Group can be obtained from our website at: www.butterfieldgroup.com.

Media Relations Contact:

Mark Johnson

Vice President, Group Head of Communications

The Bank of N.T. Butterfield & Son Limited

Phone: (441) 299 1624

Mobile: (441) 524 1025

E-mail: mark.johnson@butterfieldgroup.com