Sunday, March 4, 2012

IN BRIEF.(Business)

NBT Bancorp decides not to accept bailout funds

NBT Bancorp Inc. has been approved for federal bailout money, but decided not to take it.

Norwich-based NBT did not say how much it would have received, but said it is "well-capitalized and already meeting the lending needs of its customers."

NBT Bank has 84 branches in upstate New York, and also operates 38 Pennstar Bank branches in Pennsylvania. In the Capital Region, it has 15 branches and nearly 2 percent of the deposit base.

-- Chris Churchill

Council to advise small businesses is formed

COLONIE -- Town Supervisor Paula Mahan and the Colonie Chamber of Commerce Friday …

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