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NBT Bancorp
NBT Bancorp

-4.16%

Financial services / Community banking and financial services

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

NBT Bancorp is a financial holding company headquartered in Norwich, New York. The company operates through its subsidiary, NBT Bank, which provides a range of banking and financial services to individuals, businesses, and institutions in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, and Maine.
The history of NBT Bancorp dates back to 1856 when the First National Bank of Norwich was founded. In 1986, the bank merged with Utica, New York-based Bank of New York State to become NBT Bank. The holding company, NBT Bancorp, was formed in 1986.
Today, NBT Bancorp has over 150 banking locations, including retail branches, commercial lending offices, and wealth management centers. The company also offers online and mobile banking services.
NBT Bancorp is publicly traded on the NASDAQ Global Select Market under the ticker symbol NBTB. As of 2021, the company has a market capitalization of over $1.5 billion.
Through its banking subsidiary, NBT Bank, the company offers a variety of financial services including personal and business checking and savings accounts, loans, mortgages, credit cards, and investment services. NBT Bank also provides specialized services for government entities, healthcare organizations, and other specialized industries.
In addition to its financial services, NBT Bancorp is also committed to giving back to the communities it serves through philanthropic initiatives, volunteerism, and community partnerships. The company’s charitable arm, NBT Foundation, has donated millions of dollars to support local organizations and causes.
NBT Bancorp is led by a team of experienced executives and board members who are committed to the company’s mission of providing high-quality financial services and building strong relationships with its customers and communities.

What is special about the company?

1. Long-standing history: NBT Bancorp was founded in 1856, making it one of the oldest financial institutions in the United States. It has weathered various economic cycles and has a strong reputation for stability and reliability.
2. Regional focus: NBT Bancorp primarily serves the Northeastern United States, with a focus on rural and small-town communities. This regional approach allows the company to have a deep understanding of the local market and tailor its services to meet the needs of its customers.
3. Commitment to customer service: NBT Bancorp has a strong emphasis on customer service and prides itself on building long-term relationships with its clients. The company offers personalized solutions and a high level of accessibility to its customers.
4. Diversified portfolio: NBT Bancorp offers a wide range of financial products and services, including commercial and consumer banking, wealth management, and insurance. This diversification helps the company manage risk and provide a comprehensive suite of services to its customers.
5. Strong community involvement: NBT Bancorp is committed to giving back to the communities it serves through philanthropy, volunteerism, and community partnerships. The company’s employees are encouraged to volunteer and contribute to local organizations, fostering a strong sense of community engagement.
6. Strong financial performance: With over $10 billion in assets, NBT Bancorp is a financially strong company with a solid track record of earnings growth. This stability and success have earned the company a strong credit rating and the trust of its investors.
7. Innovative technology: NBT Bancorp has invested in advanced technology to improve the customer experience and streamline its operations. This includes mobile and online banking, remote deposit capture, and other digital solutions to make banking more convenient and efficient for its customers.

What the company's business model?

NBT Bancorp is a financial holding company that provides banking and financial services to individuals, businesses, and municipalities in northern New York, central New York, western Massachusetts, and Vermont. Their primary business activities include commercial and retail banking, wealth management, and insurance services. The company’s business model is focused on meeting the financial needs of their customers by offering a broad range of products and services, including loans, deposits, treasury management, and investment services. They strive to build long-term relationships with their customers and are committed to providing personalized and innovative solutions to help them achieve their financial goals. Additionally, NBT Bancorp operates with a community-oriented approach, supporting economic development and philanthropic initiatives in the regions they serve.

Interesting facts about the company

NBT Bancorp was founded in 1856 as the Northern Bank and Trust Company by Benjamin Thomas, a prominent businessman and politician in Norwich, New York.
The company’s original main office was located on Main Street in Norwich, New York, and the building is still in use today.
NBT Bancorp is one of the oldest companies listed on the Nasdaq stock exchange, with its stock first being traded in 1984.
NBT Bancorp has over 180 banking locations across six states, serving customers in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, and Maine.
In addition to traditional banking services, NBT Bancorp also offers wealth management services through its subsidiary, NBT Financial Services.
NBT Bancorp has a long history of community involvement and charitable giving, donating over $2 million annually to organizations in the communities it serves.
In 2019, NBT Bancorp was named one of the Best Places to Work by Forbes magazine.
NBT Bancorp has a strong focus on sustainability and has received recognition for its efforts to reduce its environmental impact.
The company is listed on the Forbes 2021 list of America’s Best Banks, ranking #15 out of 100 banks nationwide.
NBT Bancorp has a three-star rating from the human rights campaign’s Corporate Equality Index, recognizing its commitment to LGBTQ+ inclusion and equality.

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