Bank of N.T. Butterfield & Son Strikes Agreement To Acquire Rawlinson & Hunter In Guernsey; Financial Terms Undisclosed

The Bank of N.T. Butterfield & Son Limited ("Butterfield" or "the Bank") (NYSE: NTB; BSX: NTB) today announced that it has entered into an agreement to acquire Rawlinson & Hunter in Guernsey ("R&H Guernsey"), the independently owned Guernsey member firm of the Rawlinson & Hunter International Network ("R&H"). The acquisition will further expand the Bank's Channel Islands presence and strengthen its trust and fiduciary offering with the addition of approximately 50 highly qualified colleagues in Guernsey, 71 client groups and $9.0 billion of assets under administration.

The transaction, which is expected to close in the first half of 2026 and is subject to customary closing conditions, including regulatory approvals, relates solely to the R&H Guernsey entity and does not include any other R&H member firms or network interests.