Bermuda · Financial institution
The Bank of N.T. Butterfield and Son Limited
Legal name in the LEI recordThe Bank of N.T. Butterfield & Son Limited
The Bank of N.T. Butterfield & Son Limited is a bank incorporated in Bermuda on 22 October 1904 under The N.T. Butterfield & Son Bank Act, 1904. Its head office is at 65 Front Street, Hamilton. Its shares are listed on the New York Stock Exchange and the Bermuda Stock Exchange, and no shareholder controls it. The bank provides retail, corporate and private banking, trust, asset management and custody services in Bermuda. It also operates through subsidiaries in the Cayman Islands, the Channel Islands, the UK, The Bahamas, Singapore and Switzerland. In May 2026 it agreed to acquire CIBC Caribbean, and completion is expected in the first half of 2027.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- BNTBBMHMXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under BNTBBMHM directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 1983-09-19
- Last updated
- 2024-07-08
Overview
Researched 29 Sep 2026 · Sources
Ownership
Publicly listed
Tickers NTB · NTB.BH
Institution type
Universal bank
Trades as Butterfield
- Ownership
- The shares are widely held. According to the 2025 Form 20-F, the only holders above 5% are BlackRock, Inc. with 7.1% and FMR LLC with 6.9%.
- Major shareholders
- BlackRock, Inc. 7.1% · 31 Dec 2023
FMR LLC 6.9% · 31 Dec 2023 - Stock listings
- New York Stock Exchange NTB
Bermuda Stock Exchange NTB.BH - Head office
- 65 Front Street, HM 12 Hamilton, Bermuda
- Company register
- LC 2106, Registrar of Companies, Bermuda
Business lines
According to its 2025 Form 20-F, it offers banking and wealth management, including trust, private banking, asset management and custody. Captive insurers, reinsurers, trust companies and funds are among its corporate clients.
Online
- Websites & references
- butterfieldgroup.com ↗
butterfieldgroup.com/en-bm ↗ Bermuda customer site
butterfieldgroup.com/future ↗ information page on the proposed acquisition of CIBC Caribbean
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗
Sources · 10 pages consulted
- butterfieldgroup.com/sites/butterfield-corp/files/butterfield/investor-relations/financial-reports/annual/annu
- butterfieldgroup.com/insights-news/news/butterfield-reports-second-quarter-2026-results
- butterfieldgroup.com/about-us/leadership/executive-team
- butterfieldgroup.com/sites/butterfield-corp/files/butterfield/banking/corporate-banking/Bermuda/Additional%20A
- butterfieldgroup.com/future
- butterfieldgroup.com/en-bm
- businesswire.com/news/home/20250902930716/en/Butterfield-Announces-Senior-Leadership-Appointments
- royalgazette.com/banking/business/article/20260922/butterfield-ceo-sells-12-75m-shareholding/
- bernews.com/2026/09/john-wright-steps-down-from-butterfield-board/
- en.wikipedia.org/wiki/Butterfield_Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chair & chief executive
-
Michael Collins
Chairman and Chief Executive Officer
- Chief financial officer
-
Michael Schrum
President and Group Chief Financial Officer
- Executive
-
Bri Hidalgo
Group Chief Risk Officer
- Executive
-
Michael Neff
Group Chief Operating Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Bermuda
- Bermuda Monetary Authority Prudential supervisorAML supervisorConductSecuritiesForeign exchange
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
At the 18 September 2026 annual general meeting, shareholders approved the share issuance for the CIBC Caribbean acquisition. Director John Wright did not stand for re-election.
royalgazette.com ↗ -
Merger / acquisition
The bank agreed to acquire CIBC Caribbean from CIBC for USD 1,794 million, subject to regulatory and shareholder approvals.
butterfieldgroup.com ↗ -
Merger / acquisition
The bank reported that it had completed its acquisition of the Rawlinson & Hunter Guernsey trust business.
butterfieldgroup.com ↗ -
Leadership
The bank reappointed Michael Schrum as Group CFO after Craig Bridgewater stepped down. It named Bri Hidalgo Group Chief Risk Officer.
businesswire.com ↗ -
Enforcement
The three-year non-prosecution agreement with the US Department of Justice ended. The bank had paid USD 5.6 million under it after a cross-border tax inquiry.
butterfieldgroup.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- BNTBBMHMXXX
- How the BIC breaks down
- BNTBBank
- BMCountry · Bermuda
- HMLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 549300V8RVM0EMTDPF28
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Bermuda · North America
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
The The Bank of N.T. Butterfield & Son Limited group has 3 institutions in the directory, in 3 countries: all hold a BIC.
Including Butterfield Bank (Cayman)limited, Butterfield Bank (Channel Islands) Limited.
See the The Bank of N.T. Butterfield & Son Limited group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- 65 FRONT STREET HAMILTON HM 12 BERMUDA
- Operational address
- 65 FRONT STREET HAMILTON HM 12 HAMILTON BERMUDA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>BNTBBMHMXXX</BICFI>
<LEI>549300V8RVM0EMTDPF28</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>BNTBBMHMXXX</BICFI>
<LEI>549300V8RVM0EMTDPF28</LEI>
<Nm>THE BANK OF N.T. BUTTERFIELD AND SON LIMITED</Nm>
<PstlAdr>
<TwnNm>HAMILTON</TwnNm>
<Ctry>BM</Ctry>
<AdrLine>65 FRONT STREET HAMILTON HM 12</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Correspondent banking
The bank publishes 14 accounts at other banks, across 4 regions. The Bank of Nova Scotia publishes 1 account held with this bank.
- Own offices
- Correspondent banks: it holds accounts there
- Respondent banks: they hold accounts here
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
14 accounts at other banks, in 14 currencies, as the bank publishes them: butterfieldgroup.com ↗
| Currency | Correspondent | BIC | Account | Purpose | Directory check |
|---|---|---|---|---|---|
| AUD | Westpac, Sydney, Australia Australia | WPACAU2SXXX | BBT0001972 | incoming payments | Matches the Swift directory |
| CAD | Canadian Imperial Bank of Commerce (CIBC) Canada | CIBCCATTXXX | 1724215 | incoming payments; Canadian transit 09602 | Matches the Swift directory |
| CHF | Barclays PLC United Kingdom | BARCGB22XXX | GB94BARC20325343921299 | incoming payments; cover correspondent UBS AG, Zurich (UBSWCHZH80A) | Matches the Swift directory |
| DKK | Barclays PLC United Kingdom | BARCGB22XXX | GB83BARC20325362466733 | incoming payments; cover correspondent Nordea, Copenhagen (NDEADKKKXXX) | Matches the Swift directory |
| EUR | Barclays Bank Ireland PLC (Frankfurt Branch) Germany | BARCDEFFXXX | DE94503104000210626700 | incoming payments | Matches the Swift directory |
| GBP | Barclays PLC United Kingdom | BARCGB22XXX | GB41BARC20325303576752 | incoming payments; sort code 203253 | Matches the Swift directory |
| HKD | BNY Mellon, NY United States | IRVTUS3NXXX | 8033053178 | incoming payments; cover correspondent Hang Seng Bank Limited (HASEHKHH), account 250011939001 | Matches the Swift directory |
| JPY | MUFG Bank, Ltd., Tokyo, Japan Japan | BOTKJPJTXXX | 6530409936 | incoming payments | Matches the Swift directory |
| NOK | Den Norske Bank, Oslo, Norway Norway | DNBANOKKXXX | 70010202335 | incoming payments | Matches the Swift directory |
| NZD | Westpac Banking Corp, Wellington, NZ New Zealand | WPACNZ2WXXX | 007625NZD220001 | incoming payments | Matches the Swift directory |
| SEK | Barclays PLC United Kingdom | BARCGB22XXX | GB49BARC20325366103099 | incoming payments; cover correspondent SEB Stockholm (ESSESESSXXX) | Matches the Swift directory |
| SGD | BNY Mellon, NY United States | IRVTUS3NXXX | 8033053151 | incoming payments; cover correspondent Development Bank Singapore (DBSSSGSG), account 0370034061 | Matches the Swift directory |
| USD | BNY Mellon, NY United States | IRVTUS3NXXX | 8900570903 | incoming payments; ABA 021000018 | Matches the Swift directory |
| ZAR | FirstRand Bank, Johannesburg, South Africa South Africa | FIRNZAJJXXX | 9006109 | incoming payments | Matches the Swift directory |
Undated PDF of the bank's standard settlement instructions for incoming wires in Bermuda. It has 15 currency rows and all were extracted. The account number is the bank's account at the correspondent. Cover or intermediary banks are recorded in purpose. The document is undated and may not be current. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
Respondent banks
From the correspondent lists other banks publish
The Bank of Nova Scotia publishes 1 account held with this bank.
| Currency | Respondent bank | Held at | Account | Purpose | Published in |
|---|---|---|---|---|---|
| BMD | The Bank of Nova Scotia Canada | BNTBBMHM | — | FX, money market and commercial payments | scotiabank.com ↗ dated 10 Jul 2007 |
Each row is an account the respondent bank lists as held with this bank, as published. Only banks that publish their correspondent accounts, and that Elucidate has researched, can appear, so the list is not complete. Confirm settlement instructions with either bank before relying on them.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: butterfieldgroup.com (official website) · original; Michael Collins: butterfieldgroup.com (official website) · original; Michael Schrum: butterfieldgroup.com (official website) · original; Bri Hidalgo: butterfieldgroup.com (official website) · original; Michael Neff: butterfieldgroup.com (official website) · original.
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