NBT Bank, N.A. is an American financial institution that operates through a network of 140 banking locations in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. NBT Bank and its parent company, NBT Bancorp Inc., are headquartered in

Norwich Norwich () is a cathedral city and district of Norfolk, England, of which it is the county town. Norwich is by the River Wensum, about north-east of London, north of Ipswich and east of Peterborough. As the seat of the See of Norwich, with ...

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

, United States. NBT Bancorp is traded on the Nasdaq Global Select Market under the symbol NBTB.

History

Founded in 1856, NBT Bank was first a state-chartered bank called the Bank of Norwich. On June 28, 1865, the bank received a national charter (which it holds to this day) and changed its name to the National Bank of Norwich. In 1918, NBT Bank was one of the first national banks in New York State to apply for and receive trust powers under a

Federal Reserve Act The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States. The Panic ...

and established a Trust Department. In 1925, NBT Bank changed its name a second time to better reflect its expanded services. Over the years, the area served by NBT Bank expanded and in 1989 the bank changed its name for the third time to The National Bank and Trust Company without "of Norwich." In 1995, the bank changed its name for the fourth time to NBT Bank, N.A. (The "N.A." stands for "National Association" and is used primarily in formal or legal contexts.) At the same time, NBT Bank introduced its current logo featuring a blue star and red lettering. In 2016, NBT Bank celebrated its 160th year in business and published an updated history of the bank to commemorate this milestone.

Mergers and acquisitions

NBT Bank completed its first acquisitions in the 1930s. Since that time, the bank has continued to grow through bank and branch acquisitions as well as through organic expansion. Since 2000, NBT Bank acquired the following banks: LA Bank based in

Scranton, Pennsylvania Scranton is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Lackawanna County, Pennsylvania, Lackawanna County. With a population of 76,328 as of the 2020 United States census, 2020 U ...

in 2000; Pioneer American Bank based in

Carbondale, Pennsylvania Carbondale is a city in Lackawanna County, Pennsylvania, United States. Carbondale is located approximately 15 miles due northeast of the city of Scranton in Northeastern Pennsylvania. The population was 8,828 at the 2020 census. The land area th ...

in 2000; First National Bank of Northern New York based in Norfolk, New York in 2001; Central National Bank based in

Canajoharie, New York Canajoharie () is a Administrative divisions of New York#Town, town in Montgomery County, New York, Montgomery County, New York (state), New York, United States. The population was 3,730 in 2010. Canajoharie is located south of the Mohawk River o ...

in 2001; City National Bank and Trust Company based in

Gloversville, New York Gloversville is a city in the Mohawk Valley region of Upstate New York, and the most populous city in Fulton County, New York, Fulton County. Gloversville was once the hub of the United States' glovemaking industry, with over two hundred manufac ...

in 2005; Hampshire First Bank based in

Manchester, New Hampshire Manchester is a city in Hillsborough County, New Hampshire, United States. It is the most populous city in New Hampshire. At the 2020 census, the city had a population of 115,644. Manchester is, along with Nashua, one of two seats of New Hamp ...

in 2012; and Alliance Bank based in

Syracuse, New York Syracuse ( ) is a City (New York), city in and the county seat of Onondaga County, New York, Onondaga County, New York, United States. It is the fifth-most populous city in the state of New York following New York City, Buffalo, New York, Buffa ...

in 2013. The merger with Alliance Bank was completed on March 8, 2013 and is NBT Bank's largest to date. In December 2022, NBT announced that it will acquire the Connecticut-based Salisbury Bancorp in an equity transaction valued at $204 million.

Naming rights

NBT Bank owns the naming rights to

NBT Bank Stadium NBT Bank Stadium is a publicly owned, 10,815-seat, minor league baseball stadium in Syracuse, New York. It is the home stadium for the Syracuse Mets Triple-A baseball team of the International League. The stadium, owned and at times operated b ...

References

External links

* {{Official, https://www.nbtbank.com Banks established in 1856 Banks based in New York (state) Companies listed on the Nasdaq Economy of Syracuse, New York Mortgage lenders of the United States