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NBT Bank News

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NBT Bancorp Ranked as Eleventh-Best Bank in Nation

NORWICH, N.Y. (FEBRUARY 17, 2011) – In a December 20, 2010, article titled “America’s Best And Worst Banks,” Forbes.com ranked NBT Bancorp as the eleventh-best bank in the nation. NBT Bancorp was one of only three institutions from the Northeast to make the top 12.

Forbes ranked the 100 largest banks, thrifts and holding companies on data provided by Charlottesville, Va.-based SNL Financial. Eight measures of financial health were used to gauge asset quality, capital adequacy and profitability. Those measures included: return on average equity; net interest margin; nonperforming loans (NPLs) as a percentage of loans; nonperforming assets as percentage of assets; reserves as a percentage of NPLs; two capital ratios (Tier 1 and risk-based); and leverage ratio. Forbes ranked the financial institutions on each measure and averaged the individual rankings to make its determination.

NBT Bancorp President and Chief Executive Officer Martin Dietrich said, “This recognition helps validate our efforts to be a high-performing financial company built on a progressive, conservative banking strategy. We will continue to view the challenges facing the banking industry as opportunities to improve our customer service and deliver long-term value to our shareholders.”

Forbes is one of the world’s leading providers of business information. Its magazines and other media reach more than 50 million businesspeople around the globe.

NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $5.3 billion at December 31, 2010. The company primarily operates through NBT Bank, N.A., a full-service community bank with two divisions, and through two financial services companies. NBT Bank, N.A. has 124 locations, including 85 NBT Bank offices in upstate New York, two NBT Bank offices in northwestern Vermont and 37 Pennstar Bank offices in northeastern Pennsylvania. EPIC Advisors, Inc., based in Rochester, NY, is a full-service 401(k) plan recordkeeping firm. Mang Insurance Agency, LLC, based in Norwich, NY, is a full-service insurance agency. More information about NBT and its divisions can be found on the Internet at: www.nbtbancorp.com, www.nbtbank.com, www.pennstarbank.com, www.epic1st.com and www.manginsurance.com.