NBT Bancorp Inc. (NASDAQ: NBTB) (“NBT” or “the company”) is a diversified ~$16 billion-asset bank holding company headquartered in Norwich, NY. Through its lead subsidiary, NBT Bank, National Association (“the bank”), the operating footprint spans across seven states, encompassing the heritage markets of Central and Upstate NY and Northern PA, as well as various rural or less urban MSAs across VT, MA, NH, ME, and CT. The expansion into New England stemmed from a de novo growth strategy that began in 2009, with much of the newer footprint sharing similar demographics with NBT’s legacy markets.
The acquisition of Evans Bancorp, Inc. (“Evans”) in May 2025 extended NBT’s branch network into the Buffalo and Rochester markets and added ~$2 billion in loans and deposits. The acquisition strengthens NBT’s deposit share and franchise presence along the Upstate NY “Chip Corridor”, an area which should benefit from meaningful public and private investment over the…
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