NBT appoints Mahoney president of wealth management

NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) announced it has appointed Ruth H. Mahoney as its executive VP and president of wealth management.

Mahoney, who will join NBT’s executive management team, has more than 30 years of experience in financial services, including wealth management, private banking, retail banking, and regional leadership. Mahoney comes to NBT from KeyBank, where she served most recently as Capital region market president.

“We are thrilled to welcome Ruth Mahoney to NBT as leader of our wealth management business,” John H. Watt, Jr., president and CEO of NBT Bancorp, said in a release. “Her diverse and extensive experience in banking and her skill at building partnerships across business lines to provide clients with the most comprehensive suite of financial services position her well to lead our team of wealth management professionals.”

Mahoney is a graduate of Marist College with a bachelor’s degree in business administration and marketing.

Mahoney serves on many community organizations, including serving as co-chair of the Capital Region Regional Economic Development Council, as chair for the Capital Region Chamber of Commerce, and as a board member for Albany Medical Center and the New York State Teachers’ Retirement System.

NBT Bancorp is a financial holding company headquartered in Norwich, with total assets of $11.6 billion as of June 30. The banking company primarily operates through NBT Bank, N.A., a full-service community bank, and through two financial-services companies. NBT Bank has 140 branches in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine, and Connecticut. NBT Wealth Management is a division of NBT Bank and a provider of investment services and consulting to individuals and businesses and organizations of all sizes.