NORWICH — NBT Bancorp Inc. (NASDAQ: NBTB) announced that its insurance agency division will now conduct business as NBT Insurance Agency, LLC. This change completes a multi-year transition plan the company developed after NBT Bancorp’s acquisition of Mang Insurance Agency, LLC in 2008. The division had most recently been operating under the moniker, NBT-Mang Insurance […]
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NORWICH — NBT Bancorp Inc. (NASDAQ: NBTB) announced that its insurance agency division will now conduct business as NBT Insurance Agency, LLC.
This change completes a multi-year transition plan the company developed after NBT Bancorp’s acquisition of Mang Insurance Agency, LLC in 2008. The division had most recently been operating under the moniker, NBT-Mang Insurance Agency.
NBT Insurance Agency President Tucker H. Lounsbury said in a news release that the name change “creates clarity in the insurance marketplace, and the strong alignment between the insurance agency and bank brands will help customers across NBT’s established and new markets to understand the connection between our business units and the comprehensive array of financial solutions we deliver to assist them in achieving their goals.”
NBT Insurance Agency currently has offices in 19 communities in New York state — Canajoharie, Cooperstown, Delhi, Deposit, Glens Falls, Gloversville, Greene, Hamilton, Margaretville, Norwich, Oneonta, Plattsburgh, Queensbury, Saratoga Springs, Sherburne, Sidney, Syracuse, Utica, and Vestal.
NBT Bancorp is a financial holding company headquartered in Norwich, with total assets of $9.1 billion as of the end of 2017. The company primarily operates through NBT Bank, N.A., NBT Insurance Agency, and EPIC Advisors, Inc.
NBT Bancorp reported net income of $82.2 million in 2017.