NORWICH, N.Y. (OCTOBER 25, 2011) – NBT Bank officially entered Massachusetts with the successful acquisition and conversion of four branches in Berkshire County over the weekend.
At the close of business on Friday, October 21, 2011, NBT Bank acquired four Legacy Banks branches as well as approximately $154 million of deposits and $47 million in loans. Following the acquisition, the branches underwent a systems conversion and opened their doors on Monday, October 24 as offices of NBT Bank. All current employees at the following new locations were retained by NBT Bank:
“We are very pleased to welcome this new group of employees and customers to NBT Bank,” commented NBT Bank President and CEO Martin Dietrich. “We have a strong team here, and we are glad to be able to work with them to deliver our unique brand of community banking to the people, organizations and businesses that call Berkshire County home.”
NBT Bank , N.A. offers personal banking, asset management and business services through two banking divisions—NBT Bank and Pennstar Bank. With the addition of its new Berkshire County locations, NBT Bank has expanded its branch network to include a total of 129 locations in four states. NBT Bank operates from 93 locations in upstate New York, northwestern Vermont and western Massachusetts. Pennstar Bank operates from 36 locations in northeastern Pennsylvania. NBT Bank and its parent company, NBT Bancorp Inc., are headquartered in Norwich, N.Y. NBT Bancorp Inc. had assets of $5.5 billion as of September 30, 2011, and is traded on the NASDAQ Global Select Market under the symbol NBTB.