BUTTERFIELD CAYMAN ANNOUNCES JANA SCHREUDER AS CHAIR

The Bank of N.T. Butterfield & Son Limited (“Butterfield Group”) (NYSE: NTB | BSX: NTB.BH) today announced Jana Schreuder, who serves on the Board of Directors, has also been appointed Non-Executive Chair of the Board of Butterfield Bank (Cayman) Limited. Ms Schreuder’s appointment was effective October 5, 2021, following the approval of the Cayman Islands Monetary Authority (CIMA).

Ms. Schreuder joined the Butterfield Group Board in August 2020 and most recently served as Executive Vice President and Chief Operating Officer of Northern Trust Corporation, a role from which she retired in 2018. Having joined Northern Trust in 1980, during her tenure she held multiple roles as a member of the executive management team, including: the President of Wealth Management from 2011 through 2014; President of Operations & Technology from 2007 through 2010; and Chief Risk Officer from 2005 through 2006.

She currently serves as a Director and Chair of the Compensation Committee of Blucora, Inc., and has served as a Director and Chair of the Compensation Committee for Entrust Datacard Group since 2008. Previously, Ms. Schreuder was a member of the Board of Directors of LifePoint Health.

A member of the Governance and Membership Committee and New York Chapter of Women Corporate Directors, Ms. Schreuder is also a member of the National Association of Corporate Directors from which she has received the NACD Directorship Certification.

Michael Collins, Butterfield Group’s Chairman and Chief Executive Officer commented, “Jana is an experienced banker and corporate director who has served in a number of executive leadership roles. Having joined our Board in 2020, Jana’s insights will be invaluable to the Cayman business as we continue to pursue sustainable long-term growth while maintaining a strong capital and liquidity profile.”