NBT Bancorp in Norwich, N.Y., reported a 63% rise in second-quarter earnings from a year earlier after selling partial ownership in Springstone Financial.

The $7.9 billion-asset company had quarterly net income of $27.6 million. This included an $11.2 million net gain as NBT in April sold its 20% ownership interest in Springstone to online lender Lending Club. Springstone provides financing options for private education and elective medical procedures.

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