NBT Bancorp Inc (NBTB)

Overview

NBT Bancorp Inc., founded in 1856 and headquartered in Norwich, New York, functions as a financial holding company delivering a comprehensive range of banking, wealth management, and financial services. The company caters to the financial needs of individuals, businesses, and institutions across various regions including upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont, southern Maine, and central and northwestern Connecticut. NBT Bancorp Inc. prides itself on offering personalized financial solutions through both traditional and digital banking channels, ensuring customer accessibility and convenience around the clock.

Products and Services

NBT Bancorp Inc. offers an extensive array of financial products and services designed to meet the diverse needs of its customers:

• Deposit Products: These include demand deposit, savings accounts, negotiable order of withdrawal accounts, money market deposit accounts, and certificates of deposit. These products are tailored to offer flexibility and security for the personal and business banking needs of customers.
• Loan Portfolio: The company's loan offerings encompass indirect and direct consumer loans, home equity loans, mortgages, business banking loans, commercial loans, commercial and industrial loans, commercial real estate loans, agricultural loans, commercial construction loans, and residential real estate loans. These lending solutions support personal, residential, and business financing requirements.
• Trust and Investment Services: NBT Bancorp Inc. provides comprehensive trust and investment services aimed at wealth preservation, growth, and transfer. These services cater to individual investors and institutions seeking professional management and advisory services.
• Financial Planning and Life Insurance Services: Expert financial planning services are available to help customers achieve their long-term financial goals, alongside life insurance products to provide financial security and peace of mind for families and businesses.
• Retirement Plan Administration and Recordkeeping Services: These services offer businesses the tools and support needed for the effective administration of retirement plans, ensuring compliance and optimizing employee benefit strategies.
• Insurance Products: NBT Bancorp Inc. offers a selection of insurance products including personal property and casualty insurance, business liability insurance, and commercial insurance. These products are designed to protect individuals and businesses from various risks and liabilities.
• Digital Banking: Through 24-hour online, mobile, and telephone banking channels, customers can access a wide range of banking services such as balance checks, deposits, fund transfers, bill payments, statement access, loan applications, and more, ensuring ease of banking anytime, anywhere.
• Property Management and Passive Investment: Apart from financial and banking services, the company engages in property management and passive investment activities, contributing to its diversified portfolio of services.
• Investment Advisor Services: Acting as an investment advisor, NBT Bancorp Inc. provides investment management and financial consulting services, catering to individuals and businesses seeking to optimize their investment strategies and financial planning.