NORWICH — The board of directors of NBT Bancorp (NASDAQ: NBTB) has again declared a quarterly cash dividend of 20 cents a share on its common stock.
The dividend will be payable on June 15, to shareholders of record on June 1.
NBT’s board also made a number of amendments to the banking company’s bylaws, according to a regulatory filing with the U.S. Securities and Exchange Commission. The changes include removing the residency requirement for directors, changing the mandatory director retirement age to 72, eliminating the position of vice chairman as an officer of NBT, and clarifying that the same person shall not be both the president and secretary or president and treasurer of NBT.
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Norwich–based NBT Bancorp, the parent of NBT Bank, had total assets of $7.6 billion as of March 31. The banking company has 161 locations, including 121 NBT Bank offices in upstate New York, northwestern Vermont, and western Massachusetts; 35 Pennstar Bank offices in northeastern Pennsylvania; and 5 Hampshire First Bank offices in southern New Hampshire.
NBT also operates two financial-services companies. EPIC Advisors, Inc., based in Rochester, is a 401(k) plan-recordkeeping firm. Mang Insurance Agency, LLC, is based in Norwich.
NBT completed its acquisition of Alliance Financial Corp., a $1.4 billion financial holding company headquartered in Syracuse, on March 8.
Contact Rombel at arombel@cnybj.com
