GLOVERSVILLE - NBT Bank is planning major changes to its two downtown branches, which are being consolidated into one site, the company announced this week.
The bank will be closing its 35,000-square-foot North Main Street branch and consolidating all bank operations downtown into the Fremont Street building, NBT Senior Vice President and Director of Marketing Florence Doller said today.
"We have, obviously, the two locations," Doller said. "We look forward to the opportunity to bring the staff into one location."
Doller indicated these changes only affect the two branches and no other area NBT Bank branches, which include locations on Second Avenue in the city, and in Johnstown, Vail Mills and Amsterdam.
NBT Bancorp Inc. headquarters - the parent company in Norwich, Chenango County - late last week issued a news release indicating the major changes planned at its two downtown buildings in the city.
Doller said the buildings - the "financial center" at 10-24 N. Main St. and another branch at 12 Fremont St. - are currently in close proximity, but separated.
"They are basically in the same block," Doller said. "In order to bring together the different personnel, there will be renovations of the 12 Fremont St. building."
Doller said no immediate exact timeframe for the move has been set yet. She said renovations to the Fremont Street site will create a new banking center for NBT's various lines of business, and the North Main Street building eventually will be vacated. She said she's not sure if NBT will sell that building.
"We're excited to have this opportunity to bring all of our services together in a single hub location in downtown Gloversville," NBT Bank Regional Executive Michael Bowker stated in the release. "When the consolidation is complete, we will continue to offer branch banking services from the 12 Fremont Street location, which features lobby, drive-up and ATM services as well as convenient access to parking.
"And, we'll bring staff from the bank's commercial banking, residential mortgage and wealth management areas together in a newly renovated space that will also house our business partners from NBT-Insurance Agency."
The release said no jobs are expected to be lost as a result of the branch consolidation, as all employees will either be transferred to Fremont Street or to other area NBT Bank locations.
Mayor Dayton King today said the news of the NBT changes opens up opportunities for future business activity downtown.
He said NBT indicated to him it may be vacating the North Main Street building by the fall.
"I toured the building," King said. "It's 35,000 square feet. They use 4,000 square feet. They're looking to almost give it away."
The release said NBT Bank has a network of more than 155 banking locations in five states.
NBT Bank last made major changes locally in 2005, which entailed a merger involving City National Bank.
At the time, nine Gloversville-based City National Bank offices - located in Fulton, Hamilton, Montgomery and Saratoga counties - began to operate as offices of NBT Bank.
Among the changes that occurred in Gloversville was having the City National Bank branch on Fifth Avenue consolidated into NBT Bank's branch on Second Avenue.