NORWICH, NY (January 29, 2018) – Starting hourly pay at NBT is increasing to $15 and employees earning under $50,000 are receiving permanent minimum increases of 5% effective January 29, 2018. These increases were made possible by the reduction in the federal tax rate for corporations. NBT’s management team is excited to have the opportunity to positively impact over 60% of our team members in this way and to support our strategies of offering competitive compensation and positioning NBT as an employer of choice. In addition, NBT will be increasing our investment in infrastructure to enhance customer-facing technology and contributions to nonprofit organizations in our communities in 2018.
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, are headquartered in Norwich, NY. NBT Bancorp had assets of $9.1 billion as of December 31, 2017, and is traded on the Nasdaq Global Select Market under the symbol NBTB.
Read NBT Bancorp's full earnings release issued on January 22, 2018.
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