NBT Bancorp Expands Its Reach with Evans Bancorp Merger
NBT Bancorp's Successful Merger with Evans Bancorp
NBT Bancorp Inc. has made headlines by finalizing its merger with Evans Bancorp, Inc., an exciting move that promises to enhance banking services across New York. This strategic merger reinforces NBT's commitment to serving its communities by expanding its reach into the Buffalo and Rochester areas.
Expansion of NBT Bank's Branch Network
Following the merger, NBT Bank has significantly grown its branch network, now boasting a total of 175 offices across seven states. With the merger, 14 additional banking locations have been added in Buffalo and four in greater Rochester, marking a substantial presence in these key markets.
Welcoming New Employees and Customers
With this merger, over 200 employees and 40,000 customers from Evans Bancorp joined the NBT family. President and CEO Scott A. Kingsley expressed excitement about this growth, highlighting that it allows the bank to serve a broader range of customers and foster relationships within these new communities.
Leadership Transition and Stability
As part of the merger, NBT has appointed several leaders from Evans Bancorp into key positions. Ken Pawlak takes on the role of President of the Western Region of New York, while Tim Brown serves as the Rochester Regional President, and Audrey Meyers becomes the Senior Territory Manager for Retail Banking. This infusion of experienced leadership is expected to ensure a seamless transition and continued commitment to customer satisfaction.
Strategic Goals Post-Merger
NBT Bancorp is focused on the goal of a smooth transition for all stakeholders involved in the merger. The leadership at NBT Bank is dedicated to listening to the needs of employees and customers in the newly acquired regions, ensuring that the values and relationships built by Evans are maintained and strengthened.
Appointment to the Board of Directors
Following the annual meeting of stockholders, NBT Bancorp plans to appoint David J. Nasca, the former President and CEO of Evans, to its board of directors, further solidifying the integration of talent and leadership from both companies into the future of NBT Bancorp.
About NBT Bancorp Inc.
Headquartered in Norwich, NY, NBT Bancorp Inc. is a robust financial holding company with a significant presence in the Northeastern United States. The company reported total assets of $13.86 billion, illustrating its strong financial position within the industry. NBT primarily operates through NBT Bank, N.A., which provides a wide array of banking services to local communities.
Moreover, the company offers comprehensive financial services through its subsidiaries, including EPIC Retirement Plan Services and NBT Insurance Agency, expanding its reach beyond traditional banking to provide additional support to customers.
Frequently Asked Questions
What is the significance of the merger between NBT Bancorp and Evans Bancorp?
The merger allows NBT Bancorp to expand its customer base and branch presence in New York, providing enhanced banking services to more communities.
How many new branches has NBT added due to this merger?
NBT has added 14 branches in the Buffalo area and 4 in greater Rochester to its existing network.
Who are the new leaders integrated into NBT Bank following the merger?
Ken Pawlak, Tim Brown, and Audrey Meyers have been appointed to key leadership roles within NBT Bank post-merger.
What is the financial position of NBT Bancorp Inc.?
As of the latest report, NBT Bancorp holds total assets of $13.86 billion, reflecting its strong standing in the financial sector.
What are the future plans for the newly formed NBT Bancorp?
NBT Bancorp aims to maintain strong relationships with both new customers and employees while focusing on successfully integrating the Evans operation into its overall strategy.
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