More than 96,000 Jobs Supported Through NBT Bank's PPP Funding Efforts

Posted on May 12, 2021

Since the SBA’s Paycheck Protection Program (PPP) opened in 2020, NBT Bank has funded over 6,000 loans exceeding $830 million in relief. These funds support small businesses and not-for-profit organizations in the communities NBT serves.

 

"With more than $285 million secured through 3,000 loans in 2021, the average size PPP loan at NBT for this most recent round of funding was $94,000,” said NBT Bank President and CEO John H. Watt, Jr. “In total, we provided support to organizations that employ 96,000 workers.”

 

The organizations supported by the PPP loans secured through NBT Bank include numerous main street retailers and minority and women-owned businesses, as well as rural hospitals and nursing homes, human and family services organizations, farms and other agricultural businesses, educational institutions, manufacturers, restaurants, contractors and construction businesses.

 

“The banking industry has played a crucial role in delivering relief through the PPP loan program to provide businesses and non-profits and their employees with a bridge to the post-pandemic economy. At NBT, we are proud of our team and their efforts to leverage our lending, operational and technical expertise to aggressively support this program,” concluded Watt.

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. The bank and its parent company, NBT Bancorp Inc., are headquartered in Norwich, NY. NBT Bancorp had assets of $11.5 billion as of March 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.

Other Member News

Oswego Health Golf Tournament
April 9, 2024

Annual Golf Tournament Proceeds to Directly Impact Local Patient Care

As a nonprofit community healthcare system, Oswego Health counts on additional support from generous donors to help deliver outstanding medical care throughout Central New York.

April 9, 2024

Friends of the Rosamond Gifford Zoo to Host Earth Day Festivities

The Friends of the Rosamond Gifford Zoo will host the Novelis Party for the Planet in celebration of Earth Day.

Kyle Arnold PMHNP
April 9, 2024

Oswego Health Welcomes Kyle Arnold, PMHNP to The Center for Mental Health & Wellness for Youth

Arnold is now part of the 100+ physicians and advanced practice providers employed by Oswego Health.

Matthew Guiles Headshot
April 9, 2024

Solvay Bank Announces New Branch Manager for North Syracuse Location

Fox will oversee day-to-day operations, focusing on providing exceptional customer service and working to expand relationships.

Oswego Industries Casino Night
April 8, 2024

Oswego Industries Casino Night

Enjoy a night out Saturday, April 13 at the River Vista Event Center in Fulton with friends.

Oneida Indian Nation’s Wáhta’ Maple Farm Increases its Maple Syrup Production by 35% in its Second Season; Now For Sale at Nation Venues
April 4, 2024

Oneida Indian Nation’s Wáhta’ Maple Farm Increases its Maple Syrup Production by 35% in its Second Season; Now For Sale at Nation Venues

In only its second sugaring season, Wáhta’ Maple Farm has increased the amount of its maple syrup production by 35% and has plans for continued growth.

Manufacturing Summit – Operation Oswego County
April 4, 2024

Manufacturing Summit – Operation Oswego County

This innovative event aims to explore programs tailored to elevate the current and future manufacturing business ecosystem in Oswego County.

PFT Lab Reopens at Oswego Health
April 4, 2024

Pulmonary Function Testing Lab Reopens at Oswego Health

PFTs are noninvasive tests that show how well the lungs are working.

Matthew Guiles Headshot
April 4, 2024

Solvay Bank Welcomes New Branch Manager for State Tower Location

Guiles joined Solvay Bank in 2019 as a Banking Solutions Representative.