NORWICH, N.Y. — NBT Bancorp announced it has hired Mark Mershon as senior vice president and corporate treasurer.
Mershon will oversee identifying and managing the non-credit financial risks of the company, executing individual funding and investment strategies, and developing risk-management reports and policies.
Mershon has more than 35 years experience in the financial-services industry. Before NBT, he was executive vice president and treasurer at National Penn Bancshares, Inc., in Allentown, Pennsylvania. There, he developed net interest margin strategies and managed the company’s asset and liability modeling and investment portfolio. Prior to that, Mershon worked for United Community Banks, Inc., in Blairsville, Georgia, as senior vice president and treasurer, and Mellon Financial Corp./BNY Mellon Corp. in Pittsburgh, as portfolio division manager.
(Sponsored)
“Borderline” Overtime Exemptions Require Careful Analysis and Precautionary Measures
Q: We have an employee who we believe is properly classified as exempt from receiving overtime under the Fair Labor Standards Act (FLSA) but it is a “borderline” case. In
How Does New York State’s Clean Slate Act Impact You?
On November 16, 2023, Governor Hochul signed into law the Clean Slate Act which automatically seals criminal records for certain crimes. The law (effective next year), provides that misdemeanors are
“We are very excited to have Mark join our team,” Michael Chewens, NBT’s CFO, said in a news release. “His knowledge of the industry, strategic thinking and experience will be an asset to the development of interest rate risk and portfolio management strategies for the corporation.”
Mershon earned his MBA at the Kellogg Graduate School of Management at Northwestern University and his bachelor’s degree at Williams College.
NBT Bancorp (ticker: NBTB) is a financial holding company headquartered in Norwich with total assets of $7.8 billion as of Dec. 31, 2014. Its main subsidiary, NBT Bank, ranks second in deposit market share in the 16-county Central New York area, according to FDIC data.
Contact The Business Journal News Network at news@cnybj.com
