**Butterfield Bank** has been named the “Best Bank in Bermuda” for a second straight year by **Euromoney**, one of the world’s leading financial publications.

Alan Thompson, Butterfield Bank’s President & Chief Executive Officer, says the first time Butterfield Bank won this prestigious awards was in 2006 – the inaugural year the honour was available in Bermuda.

*“We are very pleased that Euromoney has once again recognised Butterfield Bank as the Best Bank in Bermuda,”*he says. *“Everyone who works at Butterfield Bank can feel proud of this Award as we have all worked hard to continuously improve our services, products and performance.”*

Clive Horwood, Editor of Euromoney told Butterfield Bank: “ Please accept my congratulations to you and all of your colleagues on an excellent 12 months for your firm. Competition is extremely tough for these Awards and therefore winners richly deserve the accolades.”

In May, Butterfield Bank received the ‘Deal of the Year 2007’ award for Bermuda from **The Banker** magazine, a Financial Times publication. Butterfield received the award for its role as sole underwriter and issue sponsor of a rights offering of 2.5 million common shares of Bermuda Aviation Services (“BAS”). Rights were issued to BAS shareholders in February 2006 in a deal valued at BMD 15.8 million.

The Butterfield Bank Group is a full service community bank and a provider of specialised offshore financial services. Headquartered in Bermuda, the Group has additional operations located in **The Bahamas**, Barbados, the Cayman Islands, Guernsey, Switzerland and the United Kingdom.

Butterfield provides a full range of community banking services for institutional and individual customers in Barbados, Bermuda and the Cayman Islands, encompassing retail and corporate banking and treasury activities. As a specialist offshore financial services group, its also provides private banking, wealth management and fiduciary services, and institutional and pension fund administration in **The Bahamas**, Bermuda, the Cayman Islands, Guernsey, Switzerland and the United Kingdom.

Its institutional operations in **The Bahamas** include administered banks & trust companies and investment fund administration; while its private banking & wealth management operations here focus on fiduciary, banking, lending, and investment & custody services.