NORWICH, N.Y. -- NBT Bancorp, parent the National Bank and Trust Co. of Norwich, said it is acquiring two branches in the Plattsburgh, N.Y., area of Clinton County from Key Bank of New York.
The acquisition includes the purchase of the offices and assumption of a total of $34 million in deposits.
The acquisitions are expected to be completed in the fall. They will raise the number of NBT's Clinton County branches to three.
Effective today, NBT is taking over a former National Savings Bank branch in downtown Plattsburgh, with $60 million in deposits.
Key Bank of New York, a subsidiary of Albany-based KeyCorp, is divesting the branches in the aftermath of its purchase of National Savings Bank.
NBT, which has 34 branches and $889 million in assets, had maintained only a loan office in Plattsburgh before the National Savings Bank acquisition.