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Forsythe to Retire as Chair of NBT Bancorp and Bank Boards

Daryl Forsythe

NORWICH, NY (May 2, 2016) – On Tuesday, May 3, 2016, Daryl R. Forsythe will complete his current term as director and retire as chairman of the NBT Bank and NBT Bancorp Boards. Forsythe’s association with NBT spans a period of nearly 30 years.

Forsythe’s association with NBT spans a period of nearly 30 years.

  • He joined the NBT Bank Board of Directors in 1988 and was elected to the NBT Bancorp Board of Directors in 1992.
  • In December 1994, Forsythe was named president and chief executive officer of NBT Bank and NBT Bancorp at a pivotal time in the organization’s growth and development. Not a banker by trade, he applied his nearly 30 years of management experience gained in the aerospace industry to his new role.
  • He was elected chairman of the NBT Bank Board of Directors in 1999 and the NBT Bancorp Board of Directors in 2001.
  • On January 1, 2006, Forsythe retired from his position as CEO of NBT Bancorp and NBT Bank. Since that time, he has continued to provide leadership to NBT in his role as chairman of the bank and company boards.

Daryl’s impact on NBT has been tremendous,” said NBT President and CEO Martin Dietrich. “During his tenure, the company has grown from a community bank with a local presence in central New York to one of the leading financial services organizations in the northeast at a time when the banking industry has faced many historic challenges. On behalf of all NBT directors, our nearly 1,800 employees and our retirees, I extend our deeply-felt gratitude and appreciation for the dedication, leadership and vision Daryl has provided. He supported us in achieving many important milestones and has positioned NBT for ongoing success. In Daryl’s own words, I can truly say, ‘Our best years lie ahead.’”

“Daryl’s commitment to NBT and his faithfulness to the company’s community banking values have been unwavering,” added NBT Director John Mitchell. “He consistently focused on the quality of NBT’s efforts and never pursued growth for growth’s sake. NBT and the customers and communities we serve have benefited from his guidance and integrity as well as his passion for excellence.”

NBT Bancorp Inc. is a financial holding company headquartered in Norwich, N.Y., with total assets of $8.5 billion at March 31, 2016. The company primarily operates through NBT Bank, N.A., a full-service community bank, and through two financial services companies. NBT Bank, N.A. has 155 banking locations with offices in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire and Maine. EPIC Advisors, Inc., based in Rochester, N.Y., is a full-service 401(k) plan recordkeeping firm. NBT-Mang Insurance Agency, based in Norwich, N.Y., 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.epic1st.com and www.nbtmang.com.

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