NBT ranked as ninth-best in nation
NORWICH – In a Dec. 30, 2009, article titled “America’s Best And Worst Banks,” Forbes.com ranked NBT Bancorp as the ninth-best bank in the nation.
Forbes ranked the 100 largest banks, thrifts and holding companies on “eight financial measures that gauge asset quality, capital adequacy and profitability.” These financial institutions each have $5 billion or more in assets. The website ranked the institutions on each measure and added up the individual rankings.
Forbes noted that NBT Bancorp’s reserves as a percentage of nonperforming loans was 165 percent, the “fifth-highest among big banks.” NBT Bancorp was one of only two institutions from the East Coast to make the top 10. More information on the rankings can be found at www.forbes.com/bank-ratings.
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