SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
FILED PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: September 13, 1999
COMMISSION FILE NUMBER 0-14703
NBT BANCORP INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 16-1268674
(State of Incorporation) (I.R.S. Employer Identification No.)
52 SOUTH BROAD STREET NORWICH, NEW YORK 13815
(Address of Principal Executive Offices)(Zip Code)
Registrant's Telephone Number, Including Area Code: (607)-337-6000
N/A
(Former Name or Former Address, If changed since last Report)
There are no exhibits to this Form 8-K.
This report includes a total of 2 pages.
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Item 5 - Other Events
The Management and Board of NBT Bancorp Inc. are pleased to announce the
following organizational changes that will redefine and broaden the scope of the
company. The Board and Management are confident the changes announced will
further enhance the opportunities to grow the company.
Joe Minor, current Executive Vice President and Chief Financial Officer, has
been appointed President and Chief Operating Officer of a newly formed
subsidiary called NBT Financial Services. Mr. Minor's responsibilities will be
to expand the company through acquisition of other financial service providers.
He will also assume responsibility of the NBT Bank Trust Department in 2000 in
view of John Roberts', current Executive Vice President and Chief Trust Officer,
plan to retire at that time.
Martin Dietrich, current Executive Vice President has been appointed President
and Chief Operating Officer of NBT Bank, N.A. John Bradley has been promoted to
Executive Vice President and Chief Lending Officer and will report to Martin
Dietrich.
Michael Chewens has been promoted to Executive Vice President and Chief
Financial Officer replacing Joe Minor. Mike's new responsibilities will also
include Operations and, in addition, he will remain administratively responsible
for the Control Group, which reports directly to the NBT Bancorp Inc. Audit
Committee.
Jane Neal has been promoted to Executive Vice President and Director of Human
Resources and will assume the Human Resources responsibilities for all
subsidiaries.
Daryl Forsythe will remain President and CEO of NBT Bancorp Inc. and will assume
the Chairman and CEO responsibilities for NBT Financial Services and NBT Bank,
N.A. Everett Gilmour will continue as Chairman of NBT Bancorp Inc.
All the above changes were effective September 1, 1999. NBT Bank, N.A., a
subsidiary of NBT Bancorp Inc., services nine counties in Central and Northern
New York from 36 locations spanning from the Canadian to the Pennsylvania
borders. It is a full service community bank providing a broad range of
financial products. NBT Bancorp Inc. recently announced the signing of a
Definitive Agreement to merge with Lake Ariel Bancorp located in Lake Ariel, PA,
the parent company of LA Bank, a $490 million commercial bank with 22 offices in
Northeast Pennsylvania. The transaction is expected to close in early 2000
pending stockholder approvals.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report on Form 8-K to be signed on its behalf by
the undersigned thereunto duly authorized, this 13th day of September, 1999.
NBT BANCORP INC.
/s/ DARYL R. FORSYTHE
By: ______________________________________
Daryl R. Forsythe
President and Chief Executive Officer
