New York bank to open office in Burlington
NBT Bank, NA, of Norwich, NY, is planning to open a commercial lending office on Bank Street in Burlington. The office will be located in the former Vermont National Bank building, which more recently was used by Chittenden Bank. The bank's parent company, NBT Bancorp, announced it was moving into Vermont yesterday during its annual shareholders' meeting. The Binghamton (NY) Press & Sun-Bulletin quoted CEO Martin Dietrich as saying the office would open in either the second or third quarter of this year and could expand further into Vermont eventually.