NORWICH – NBT Bancorp, Inc. announced today that it has priced a public stock offering of 1,576,230 shares of its common stock at a price to the public of $22.00 per share. Proceeds of the offering are expected to be used for general corporate purposes. NBT has also granted an underwriter a 30-day option to purchase up to an additional 236,434 shares of NBT common stock to cover overallotments, if any. The offering is expected to close on April 1, subject to customary closing conditions.

Keefe, Bruyette & Woods, Inc. acted as the sole underwriter for the offering. Copies of the prospectus supplement related to the offering may be obtained from the offices of Keefe, Bruyette & Woods, Inc. Equity Capital Markets 787 Seventh Avenue, Fourth Floor, New York, NY 10019 or by calling 1 (800) 966-1559.

The shares are being offered pursuant to an effective shelf registration statement that NBT previously filed with the U.S. Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of any offer to buy the securities. Nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of the state.