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May 22, 2024

Bank with increasing CT presence has new CEO

Contributed NBT Bancorp Inc.'s new CEO Scott A. Kingsley (left) with new NBT Bank President Joseph R. Stagliano.

New York-based NBT Bancorp Inc., which has significantly grown its Connecticut presence in recent years, has a new CEO. 

Scott A. Kingsley, formerly the bank’s chief financial officer, on Tuesday stepped up to the role of president and chief executive officer. 

He replaced John H. Watt Jr., who stepped down from the CEO role this week, but will remain on the bank's board. 

The succession plan was originally announced in January.

In addition, Joseph R. Stagliano, formerly president of retail community banking and chief information officer, is now president of NBT Bank N.A., the company’s wholly-owned banking subsidiary, while Annette L. Burns, NBT’s former chief accounting officer, is now the chief financial officer.

Shauna M. Hyle has been promoted to executive vice president, retail community banking.

NBT, with $13.4 billion in assets, entered the Connecticut market in 2020, and significantly grew its presence in the state last year with its purchase of Salisbury Bank and Trust Co. 

Salisbury Bank had 13 offices in northwestern Connecticut, the Hudson Valley and southwestern Massachusetts, which are now part of NBT.

In Greater Hartford, NBT also has a Glastonbury branch, and the bank recently announced plans to open a West Hartford branch. 

Kingsley, a CPA, joined NBT in 2021, and has more than 35 years of experience, including 16 years as a member of the management team at Community Bank System Inc., where he served as chief operating officer and, prior to that, as chief financial officer. 

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