SYRACUSE, N.Y. — NBT Bank says it is planning to move its Central New York regional headquarters to The Post building later this year. The Post is the rebranded name of the building that was formerly home to The Post-Standard newspaper, which VIP Development Associates, the development arm of VIP Structures, is renovating into its […]
SYRACUSE, N.Y. — NBT Bank says it is planning to move its Central New York regional headquarters to The Post building later this year.
The Post is the rebranded name of the building that was formerly home to The Post-Standard newspaper, which VIP Development Associates, the development arm of VIP Structures, is renovating into its new headquarters in downtown Syracuse across from Clinton Square. The building will also provide space for other businesses. ChaseDesign, a design and business-consulting firm, has already opened an office as a tenant in The Post.
Norwich–based NBT Bank has had its CNY regional headquarters, which it calls its Syracuse Financial Center, in the Equitable Tower II (previously called AXA Tower) at 120 Madison St. for almost 20 years. Its lease was coming to an end so the bank assessed its options and landed on The Post for a couple of reasons. The first was proximity.
“We do have a branch directly across the street from The Post over at 100 Clinton Square. One of my primary goals was to get in closer proximity to that branch to make it more convenient for our customers to business with us,” David Kavney, Central New York and Mohawk Valley regional president at NBT Bank, tells CNYBJ.
NBT’s regional office includes a commercial lending team, wealth management staff, and insurance representatives. “It’ll make that interaction between our departments and our branch team much easier when it’s directly across the street,” Kavney notes. For example, a commercial-lending client who also wants to open a checking or other account with the bank will be able to do so more easily with the branch nearby.
Secondly, the layout of the new space will cater to the shift in working environment the bank has seen of late.
“The second reason is that over the past couple of years, we’ve seen a shift in our workforce. We’ve embraced the hybrid work model. We definitely feel we work better in closer proximity — better together, if you will,” Kavney says. “The new space is wide open. It’s going to allow for some hybrid work areas, offices, and workstations for those who want the flexibility. And we’ve got some great gathering space. We’ll have a spot for us to get together and collaborate in a little better fashion than we are right now.”
NBT’s Syracuse Financial Center employs about 30-35 people total, including those who work from home. “That number should remain fairly constant as we transition over to The Post,” says Kavney.
The working space at NBT’s new office will be about the same size as the bank had in the Equitable Tower but with a different, more open layout.
NBT Bank is working with VIP on the buildout and is on track to move into its new leased office at The Post in the third quarter of this year, a bank spokesperson tells CNYBJ.