Watt was appointed President and Chief Executive Officer of
After engaging in a 10-month process, NBT’s Board of Directors unanimously approved a succession plan that provides for the promotion of
The Board of Directors, in consultation with Kingsley, also approved the promotion of
NBT Board Chairman
“The orderly succession of the Company’s leadership is a critical responsibility of the Board of Directors,” said V. Daniel Robinson II, Chair of the Board’s
Kingsley joined NBT in 2021. He 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. Kingsley started his career with
Stagliano joined the Company in 1999. He has over 30 years of experience in the financial services industry. Today, he oversees the Company's Operations and Retail Banking Divisions. He was promoted to Chief Information Officer and joined the Company's Executive Management Team in 2006. In 2016, he assumed responsibility for Retail Banking in addition to his duties as Chief information Officer. In 2018, Stagliano was named President of Retail Banking. Prior to joining NBT, Stagliano was employed by MetLife. Stagliano earned his bachelor's degree in business and public management from the State University of
Burns joined NBT in 2013 with the Company’s acquisition of
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of phrases such as “anticipate,” “believe,” “expect,” “forecasts,” “projects,” “will,” “can,” “would,” “should,” “could,” “may,” or other similar terms. There are a number of factors, many of which are beyond the Company’s control, that could cause actual results to differ materially from those contemplated by the forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) local, regional, national and international economic conditions, including actual or potential stress in the banking industry, and the impact they may have on the Company and its customers and the Company’s assessment of that impact; (2) changes in the level of nonperforming assets and charge-offs; (3) changes in estimates of future reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements; (4) the effects of and changes in trade and monetary and fiscal policies and laws, including the interest rate policies of the
The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date made, and advises readers that various factors, including, but not limited to, those described above and other factors discussed in the Company’s annual and quarterly reports previously filed with the
Unless required by law, the Company does not undertake, and specifically disclaims any obligations to, publicly release any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
|Senior Vice President and Director of Corporate Communications
NBT Bancorp Inc.
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