Connecticut is about to have a new bank in the market.
New York-based NBT Bank, which launched commercial lending in Connecticut in 2019, has applied to the the state Department of Banking to approve its first branch here.
The de novo branch would be located at 2670 Main St. Glastonbury, which is a former United Bank location. United was acquired by People’s United Bank in 2019.
NBT said it is also eyeing West Hartford for a second office, though it did not disclose the location.
The Norwich, N.Y.-based institution has $10.8 billion in assets and 142 offices across its home state, Massachusetts, Vermont, New Hampshire, Maine and Pennsylvania.
“NBT has been serving the business and commercial needs of the Greater Hartford area for more than a year out of temporary office space in West Hartford center,” Andreas Kapetanopoulos, NBT’s Connecticut regional president, said in a statement Thursday. “We are demonstrating our commitment to the region by establishing this new long-term presence from locations on both sides of the Connecticut River.”
