Business Briefs: NBT Bank elects new chairman; announces succession plan



NBT elects new chairman; announces succession plan

NBT Bank's President and CEO Martin A. Dietrich has been elected chairman by the bank's Board of Directors following the retirement of Daryl R. Forsythe. Dietrich has also announced he plans to retire from active employment in December 2016.

The board has also unanimously endorsed a succession plan that call for the promotion of John H. Watt Jr. to the position of bank president, effective immediately, and expanded rolls for other members of NBT's Executive Management team, Upon Dietrich's retirement from active employment, Watt will success him as CEO of both NBT and the bank.

Executive Vice President and President of Wealth Management Timothy L. Brenner's responsibilities have been expanded to include oversight of all non-bank business, including wealth management and financial services.

Executive Vice President Matthew K. Durkee has been promoted to the position of president of NBT's operations in New England.

Executive Vice President Joseph R. Stigliano will take on a broader leadership role adding retail banking to his duties as chief information officer.

Based in Norwich, N.Y., NBT has Berkshire branches in Great Barrington, Lee, Lenox, North Adams and Pittsfield.

Parade Committee raising funds for 4th of July Parade

The Pittsfield Parade Committee is raising funds for the 2016 4th of July Parade and is seeking support through contributions and scholarships.

Businesses and organizations have a wide range of options, including sponsorships, banners, and advertisement at different giving levels.Sponsorship checks and ads must be received by June 1.



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