NBT PROMOTES TWITCHELL TO NEW AFFORDABLE HOUSING LEADERSHIP POSITION
Portland, ME (June 6, 2023) — NBT Bank announced that its Maine Regional President Kimberly Twitchell is being promoted to a new bank-wide leadership position as Senior Director of Affordable Housing.
“Affordable housing is a critical need for the communities we serve across NBT’s seven-state footprint,” said NBT Bank President and CEO John H. Watt, Jr. “Kim Twitchell possesses deep experience in this area as both a banker and a leader working with affordable housing nonprofits. We are excited to dedicate her considerable knowledge and skills to our affordable housing initiatives and to continue to enhance our positive impact on the communities we serve.”
NBT is a long-established affordable housing lender with more than 130 affordable housing construction projects financed for over $800 million that have created over 6,000 affordable housing units. In her new role, Twitchell will be responsible for the strategic direction and execution of NBT Bank’s initiatives and aligning priorities with communities served by the bank. She will direct and advance the activities of NBT’s Commercial Banking team related to affordable housing and partner with other in-house experts to leverage the bank’s significant investment to date in this area.
In June 2022, Twitchell was a leader in the launch of the NBT CEI-Boulos Impact Fund, a $10 million real estate equity investment fund with NBT Bank as the sole investor. The Impact Fund is designed to support individuals and communities with low- and moderate-income through investments in high-impact, community supported, commercial real estate projects.
Twitchell has more than 30 years of experience in banking. She joined NBT in 2014 as Regional Commercial Banking Manager and was promoted to Maine Regional President in 2015. Twitchell is an active volunteer with many organizations that promote affordable housing and responsible real estate and economic development. She serves on the boards of directors for Avesta Housing, Community Housing of Maine (CHOM) and the Maine Real Estate & Development Association (MEREDA). In addition, Kim recently joined the New Hampshire Investment Committee for Evernorth.
Watt noted, “Kim’s leadership has been vital to NBT Bank’s success in Maine where she has promoted the growth of our team and client base. We are pleased that she will continue to provide leadership for us in this important market as we seek our next Maine Regional President.”
Under Twitchell’s guidance, NBT’s Maine team has grown and its local expertise has expanded from commercial banking to include retail banking, business banking and treasury management. NBT opened its current regional headquarters in 2019 at 5 Widgery Wharf in Portland. In addition to housing members of the NBT Bank team, the location also provides office space for employees of NBT’s retirement plan services line of business, which includes EPIC Retirement Plan Services in Portland and Downeast Pension Services in New Gloucester.
About NBT Bank
NBT Bank offers personal banking, business banking and wealth management services from locations in seven states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. The bank and its parent company, NBT Bancorp., are headquartered in Norwich, NY. NBT Bancorp had assets of $11.89 billion as of June 30, 2023 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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