January 3, 2024
BDC Capital Welcomes NBT Bank as A Member Bank
NBT Bank, serving a northeast footprint that spans seven states and encompasses a network of 140 locations, recently became a BDC Capital member bank. NBT joins over 35 financial institutions located throughout New England as the primary funding source for BDC’s various financing programs.
Paul F. Flynn, Jr., BDC Capital’s President and CEO, stated “BDC works in partnership with banks and investors to deliver customized financing solutions beyond the scope of conventional financing. Bankers refer many of their customers to us to help extend their institution’s lending capacity. NBT Bank is a great addition to our membership.”
Sarah Halliday, President of Commercial Banking for NBT Bank, said “Supporting local businesses that serve as the lifeblood of our communities is a core value driving the work we do every day. We are excited to partner with BDC Capital to further our commitment to helping businesses grow.”
NBT Bank joins the list of other BDC member financial institutions:
- Bank of America
- Bank of New England
- BankNewport
- Bank Rhode Island
- Bar Harbor Bank & Trust
- Bay State Savings Bank
- Berkshire Bank
- Boston Private, An SVB Company
- Brookline Bank
- Brown Brothers Harriman & Co.
- Cambridge Savings Bank
- Cambridge Trust Company
- Cape Ann Savings Bank
- Citizens Bank of Massachusetts
- Country Bank for Savings
- Eastern Bank
- Enterprise Bank and Trust Company
- Everett Co-Operative Bank
- HarborOne Bank
- John Hancock Financial Services
- Liberty Bank
- Middlesex Savings Bank
- MountainOne
- NBT Bank
- Needham Bank
- Newburyport Bank
- North Shore Bank
- Northmark Bank
- People’s United Bank
- Radius Bank dba LendingClub
- Rockland Trust Company
- Santander
- South Shore Bank
- TD Bank
- Westfield Bank
- Washington Trust Company
ABOUT BDC CAPITAL:
The oldest business development corporation in the United States, BDC Capital has been recognized locally and nationally as a leader and innovator in business lending and capital investment. Many of New England’s leading financial institutions invest in BDC to help promising companies expand. For almost 70 years, we have invested more than $1 billion in thousands of companies in New England.
Whether the need is $500,000 or $10 million, BDC Capital provides a wide range of financing solutions. We offer asset-based lines of credit, senior debt, junior secured debt, mezzanine investments, SBA 504 loans, and private equity options, all of which are customized to suit the needs of a business.
ABOUT NBT BANK:
NBT Bank offers personal banking, business banking and wealth management services from locations in seven states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut.
NBT began to serve the New England region in 2009 with the opening of its Vermont Regional Headquarters in Burlington. Since then, the bank has expanded in the region through organic growth and acquisitions. Now NBT has approximately 165 employees and $2.0 billion in loans regionally. The bank and its parent company, NBT Bancorp Inc., are headquartered in Norwich, NY. NBT Bancorp had assets of $12 billion as of December 31, 2021 and is traded on the Nasdaq Global Select Market under the symbol NBTB.
More information about NBT is available online at www.nbtbank.com. Member FDIC.
For more information, visit our website, call us at 781-928-1100, or contact:
Paul Flynn, Jr.
Email: pflynn@bdcnewengland.com
Work: 781-928-1133
Carol C. Brennan
Email: cbrennan@bdcnewengland.com
Cell: 413-237-6648
