------
------
header

NBT Bank News

header

NBT Bank to Expand Norwich Campus in 2012

NORWICH, N.Y. (December 7, 2011) – NBT Bank President and CEO Martin Dietrich announced today that the bank has plans to expand its Norwich headquarters campus in 2012 to include the facility currently occupied by the Dollar Tree at 49 South Broad Street.

Approximately 12,500 square feet of space will be converted to office space for the bank’s use by the third quarter of 2012. “As we’ve expanded into new markets through organic growth and acquisitions, we’ve added staff and need to develop new office space,” Dietrich said. “We’re pleased to be able to add the needed office space right here in Norwich.”

Dietrich noted that the bank also recently completed extensive renovations at the NBT Operations Center at 51 South Broad Street that included the renovation of 5,000 square feet of former warehouse space into new offices for the Residential Mortgage Division that services the bank’s network of 128 banking locations. In addition, 45 parking spaces were added for employees in a new parking lot created behind the operations center.

  NBT Bank provides personal banking, asset management and business services. The independent community bank, headquartered in Norwich, N.Y., has 93 locations in upstate New York, northwestern Vermont and western Massachusetts. Its sister bank, Pennstar Bank, operates from 35 locations in northeastern Pennsylvania. In November, NBT Bank announced plans to acquire Hampshire First Bank in southern New Hampshire during the second quarter of 2012. NBT Bank’s parent company, NBT Bancorp Inc., had assets of $5.5 billion as of September 30, 2011.