Davis Polk advised the joint book-running managers in connection with an offering by The Bank of N.T. Butterfield & Son Limited of $75 million aggregate principal amount of its 5.25% fixed-to-floating-rate subordinated notes due 2028. The notes will be listed on the Bermuda Stock Exchange. 

Butterfield is Bermuda’s first and largest independent bank and a specialist provider of international financial services. Butterfield offers a full range of community banking services in Bermuda and the Cayman Islands, encompassing retail and corporate banking and treasury activities. Butterfield provides various private banking, asset management, investment advisory, residential property lending and personal trust services from its headquarters in Bermuda and subsidiary offices in the Bahamas, the Cayman Islands, Guernsey, Switzerland and the United Kingdom.

The Davis Polk corporate team included partner John B. Meade and associates Stephen A. Byeff and Chris Van Buren. Partner William A. Curran provided tax advice. All members of the Davis Polk team are based in the New York office.

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