NORWICH — NBT Bancorp, Inc., the Norwich–based parent company of NBT Bank, N.A. has promoted James Murphy to chief credit officer.
In this role, Murphy is responsible for managing credit-risk exposures within the banking company’s loan portfolios, including credit quality, trends, diversification, and performance, NBT said in a news release.
Murphy joined NBT Bank in 2012 as regional credit officer, supporting the company’s commercial-banking teams with underwriting, credit approvals, and portfolio management in its New York and New England markets.
(Sponsored)
Are You Ready for the Pay Transparency Law?
Following the lead of New York City and other state and local jurisdictions, New York State’s pay transparency law will be effective September 17, 2023. The law ushers in a
CECL Accounting Standard: What You Need to Know
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 326, Financial Instruments-Credit Losses, became effective for all entities on January 1, 2023. This accounting standard introduces the current expected
Before joining NBT Bank he was a senior vice president and credit executive for JP Morgan Chase Bank — overseeing that company’s Albany, Syracuse, and New England markets.
With more than 30 years of experience in commercial lending, Murphy is based at NBT headquarters in Norwich, the company said.
NBT Bancorp (NASDAQ: NBTB) is a financial holding company with total assets of $7.6 billion as of March 31.
The company primarily operates through NBT Bank, N.A., a full-service community bank with three divisions, and through two financial-services companies.
NBT Bank, N.A. has 160 locations, including 120 NBT Bank offices in upstate New York, northwestern Vermont, and western Massachusetts, 35 Pennstar Bank offices in northeastern Pennsylvania, and five Hampshire First Bank offices in southern New Hampshire.
EPIC Advisors, Inc., based in Rochester, is a 401(k)-plan recordkeeping firm. Mang Insurance Agency, LLC is based in Norwich.
Contact Reinhardt at ereinhardt@cnybj.com
