NBT Bank Names Mahoney Regional President, Promotes Krupski

Rhea-AI Summary

NBT Bank has appointed Ruth Mahoney as the new Regional President for the Capital District and North Country, expanding her role as Executive Vice President of Wealth Management. Meanwhile, David Krupski transitions to Chief of Staff for the Commercial Banking Division, enhancing leadership for lending initiatives. With assets of $12.1 billion as of March 31, 2022, NBT Bank operates across seven states. These leadership changes aim to strengthen local engagement and support strategic growth initiatives.

Positive

• Appointment of Ruth Mahoney as Regional President to strengthen local leadership.
• David Krupski promoted to Chief of Staff for enhanced commercial banking oversight.
• Bank's asset total reached $12.1 billion, indicating financial stability.

Negative

• None.

ALBANY, N.Y., April 26, 2022 (GLOBE NEWSWIRE) -- NBT Bank President and CEO John H. Watt, Jr. announced that NBT has named Ruth Mahoney as Regional President for the Capital District and North Country. Mahoney will assume this new position in addition to her role as Executive Vice President and President of Wealth Management with responsibility for NBT’s brokerage, trust, investment and corporate retirement services businesses.

NBT Bank Executive Vice President and President of Commercial Banking Sarah Halliday also announced that David Krupski, who has served as Regional President for NBT since 2012, is being promoted to Chief of Staff for NBT’s Commercial Banking Division. In this new enterprise-wide position, Krupski will provide executive leadership for new lending initiatives and expansion efforts in addition to overseeing NBT’s agricultural lending and Pennsylvania commercial banking portfolios.

“At NBT, we are fortunate to have three of our top executives—Ruth Mahoney, Sarah Halliday and David Krupski—based in the Capital District leading our talented local team. This announcement further enhances our local leadership presence and deep commitment to our clients and communities in the Capital Region and North Country, while also expanding executive leadership for key business lines across our seven-state footprint,” said Watt. “Ruth in this role as our Regional President leverages her deep experience as a leader in the Capital District and her skill at building partnerships in new ways for our organization.”

“David has played a key leadership role in growing NBT’s presence in the Capital Region and beyond,” said Halliday. “In his new role, he will have the opportunity to apply his considerable experience and knowledge of commercial banking to NBT’s strategic growth initiatives across our franchise.”

Mahoney joined NBT in August 2021 and has more than 30 years of industry experience, including wealth management, private banking, retail banking and regional leadership. She serves as Co-Chair of the Regional Economic Development Council, as Immediate Past Chair for the Capital Region Chamber of Commerce, and as a Board Member for Albany College of Pharmacy, Albany Medical Center Health System and New York State Teachers’ Retirement System.

Krupski has over 35 years of experience in banking and joined NBT in 2004. A resident of Clifton Park, he currently serves on the Board of Directors for the Rensselaer County Regional Chamber of Commerce and formerly held board positions with of The United Way of the Greater Capital Region and the Center for Economic Growth (CEG).      

About NBT Bank 
NBT Bank offers personal banking, business banking and wealth management services from locations in seven states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. The bank and its parent company, NBT Bancorp Inc., are headquartered in Norwich, NY. NBT Bancorp had assets of $12.1 billion as of March 31, 2022 and is traded on the Nasdaq Global Select Market under the symbol NBTB. More information about NBT is available online at www.nbtbank.com. Member FDIC.

Contact:
Florence Doller
SVP & Director of Corporate Communications
607.337.6118 | fdoller@nbtbank.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/7699334f-ff93-434e-bf70-f57e4a35621c

https://www.globenewswire.com/NewsRoom/AttachmentNg/eefb0965-6729-4f93-bffa-931cca498cd4

FAQ

What are the recent leadership changes at NBT Bank?

NBT Bank recently appointed Ruth Mahoney as Regional President and promoted David Krupski to Chief of Staff.

How much are NBT Bank's total assets?

As of March 31, 2022, NBT Bank has total assets of $12.1 billion.

What regions does NBT Bank serve?

NBT Bank operates in seven states including New York, Pennsylvania, and Vermont.

Who is the new Regional President of NBT Bank?

Ruth Mahoney has been named the new Regional President for the Capital District and North Country.

What will David Krupski oversee in his new role?

In his new role, David Krupski will provide leadership for lending initiatives and oversee agricultural lending.