During 2015, NBT Bank continued to build upon its commitment to exceptional customer service, well-rounded product offerings and support of its local communities.
NBT Bank has taken a leadership role in helping to rebuild the local economies and communities it serves by becoming one of the U.S. Small Business Administration’s preferred lenders across our entire six-state footprint. This enables NBT to process, close and service most SBA guaranteed loans without prior SBA review, resulting in faster service to local small business owners in need of capital. And this past year, NBT received a similar designation as a Preferred Lender from the USDA Farm Service Agency’s Farm Loan Program, granting the same authority with loans for the many farms and other agricultural businesses NBT serves in our more rural communities.
In October, NBT Bank acquired Third Party Administrators, Inc. (TPA, Inc.), a Bedford, New Hampshire–based retirement-plan services company that provides administrative services for 401(k), profit sharing, and defined-benefit plans for more than 700 businesses. The acquisition complements NBT’s retirement-plan services currently offered by our Wealth Management Division and the 401(k) recordkeeping services offered by our sister company, EPIC Advisors, Inc. EPIC Advisors, a Rochester–based 401(k) recordkeeping firm, is a subsidiary of NBT Bancorp, the parent company of NBT Bank.
And on November 13, NBT Bank hosted an Economic Outlook Breakfast in Burlington. The breakfast was an example of our commitment to providing resources that support growth and prosperity in the communities we serve. Approximately 100 local business and community leaders attended the event where NBT Bank Senior Vice President and Chief Investment Officer Kenneth Entenmann spoke about the dynamics impacting the national and local economy.
NBT Bank entered Vermont with the opening of our regional headquarters in Burlington in 2009. Regional President Matt Durkee quickly developed a strong team and presence for the bank. Today, NBT has three additional Vermont locations in Essex, Williston and Rutland. Members of the Vermont management team include: Regional Commercial Banking Manager Peter McCarthy, Senior Commercial Banking Relationship Managers Rob Roy and Mark Wahl, Wealth Management Regional Manager Christopher Quintin, Residential Mortgage Originator Helen Pinan, Branch Managers Robert Provost and Matthew Villemaire and Community Banker Peter O’Brien.
As technology continues to change our world, consumer behavior is constantly evolving to keep pace. NBT is using technology to bring services to consumers where they are by upgrading more of our ATM network to enable deposits quickly and easily without a deposit slip. Currently, NBT Bank ATMs in Burlington and Rutland offer this service. In addition, this year NBT began offering its customers the ability to connect their NBT Bank Debit Card to Apple Pay to make in-store or in-app purchases using their Apple Device.
NBT Bank is now converting our debit cards to EMV chip cards for enhanced security. And NBT continues to offer Account-to-Account transfers between an NBT account and accounts held with other financial institutions. NBT Bank also supports merchants who accept card payments from their customers with the technology to process these payments directly through their NBT accounts.
NBT Bank offers personal banking, asset management and business services through a network of over 155 banking locations in six states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire and Maine. NBT Bank and its parent company, NBT Bancorp Inc., are headquartered in Norwich, N.Y. NBT Bancorp Inc. had assets of $8.2 billion as of September 30, 2015, and is traded on the NASDAQ Global Select Market under the symbol NBTB. More information about NBT Bank and NBT Bancorp can be found on the Internet at www.nbtbank.com and www.nbtbancorp.com.
150 Bank Street
Burlington, VT 05401
Phone: (802) 318-9150
Fax: (802) 951-1647
Offers a full range of financial services, including checking accounts, savings and retirement plans, residential mortgages, personal and small business loans, commercial banking, trust and investment services. Telephone and online banking, online bill pay.