Butterfield Bank has sold off businesses in Hong Kong and Malta, as it aims to focus on a smaller number of key jurisdictions.

The bank announced this afternoon that the trust, wealth management and advisory businesses have been sold to Bentley Reid Group, the privately held company from whom the bank bought the businesses three years ago.

As a result of the sale, Butterfield said it would take a charge of $7.8 million in the third quarter, including a write-off of intangible assets of $4.2 million.

* Full story in tomorrow’s Business section.