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NBT Bank Introduces Small Aircraft Financing, Hires Doug Place

NBT Bank recently introduced small aircraft financing to its lineup of lending products and hired Vice President and Senior Commercial Banking Relationship Manager Doug Place to lead this effort.

MANCHESTER, NH (October 1, 2019) – NBT Bank recently introduced small aircraft financing to its lineup of lending products and hired Vice President and Senior Commercial Banking Relationship Manager Doug Place to lead this effort.

Place has nearly 15 years of experience in the financial services industry. Also a private pilot, and he joined NBT from Eastern Bank where he was responsible for launching and managing their aircraft financing program. Place is based at NBT’s office in Manchester, NH.

NBT is offering loans for single and twin-engine planes flown by their owners through a collaboration with Air Fleet Capital, the long-standing industry leader.

“We are thrilled to have Doug Place on our team,” said NBT Bank New Hampshire Regional President Stephen Lubelczyk. “His experience as a banker and as a pilot give him a unique perspective that is beneficial to our current and future customers. The addition of this new type of lending for NBT is an exciting enhancement to the business financing options we offer.”

A resident of Goffstown, NH, Place earned his bachelor’s degree in Financial Management from the University of Massachusetts at Dartmouth and his master’s degree in International Business from Southern New Hampshire University. He serves on the Board of Directors for the Greater Lawrence, MA Airport Authority and is a member of the Concord Young Professional Network. In his free time, Place is an NCAA Division I Ice Hockey Official.

About NBT Bank

NBT Bank offers personal banking, business banking and wealth management services from locations in six states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire and Maine. The bank and its parent company, NBT Bancorp Inc., are headquartered in Norwich, NY. NBT Bancorp had assets of $9.6 billion as of June 30, 2019 and is traded on the Nasdaq Global Select Market under the symbol NBTB. More information about NBT is available online at www.nbtbank.com. Member FDIC.

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