NBT Bank to relocate downtown Syracuse branch to former First Niagara location

SYRACUSE, N.Y. — NBT Bank later this month plans to relocate its downtown Syracuse branch at 300 South State St. to 126 N. Salina St., where First Niagara Bank previously operated.

The NBT branch currently operates in the One Park Place building. The Salina Street location, near Clinton Square, “offers more modern features and expanded office space,” the bank said in a news release issued Monday.

The building is known for the mural of the Clinton Square area on the north-facing façade (see adjacent photo).

That First Niagara office combined with the KeyBank branch at 201 S. Warren St. in Syracuse, a few blocks away. It was among 18 Central New York branches that Cleveland, Ohio–based KeyBank (NYSE: KEY) closed in its acquisition of First Niagara Financial Group (NASDAQ: FNFG), which was headquartered in Buffalo.

NBT’s last day of business in the One Park Place location will be April 27. Business will begin in the new branch at 126 North Salina St. on April 30, the following Monday.

“We wanted to take advantage of this opportunity to serve our customers and the community from a more modern banking facility. We aren’t just moving to a larger space, but we’re also renovating the space. We will now be able to offer our downtown customers a better experience through a deposit automated ATM, two-lanes of drive up, and off-street parking,” Ross Ireland, Central New York retail territory manager for NBT Bank, said in the release. Construction for the project is underway.

Norwich–based NBT Bank has a network of more than 150 bank branches that spans six states: New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, and Maine.

NBT Bank ranks No. 3 in deposit market share in the 16-county Central New York area, with a 10.5 percent market share, according to the latest FDIC statistics. Parent company, NBT Bancorp (NASDAQ: NBTB) had assets of $9.1 billion as of Dec. 31, 2017.

Contact Reinhardt at ereinhardt@cnybj.com