NBT Bank opened its first retail branch in Maine at 191 Marginal Way in Portland.
The Norwich, N.Y.-based bank has had a commercial lending office in Portland for more than a decade, but this will be the first branch for retail depositors.
In addition to teller services, the 1,700-square-foot branch includes a walk-up ATM and night-drop services.
The branch opened in early January, but will hold a ribbon cutting on Tuesday, March 10, with Michael O’Reilly, NBT’s Maine regional president; Ruth Mahoney, executive vice president and president of NBT Wealth Management; and representatives from the Bayside Neighborhood Association and Hearts of Pine Foundation, the charitable arm of the pro men’s soccer team.
NBT Bank has had a commercial lending presence in Portland since 2014. The office is located at 5 Widgery Wharf on the city’s waterfront.
In October’s announcement about the new retail branch, O’Reilly said the office was intended to complement the services provided by the Widgery Wharf office. The retail branch will address the growth of its depositor base in Maine.
“We’ve seen tremendous growth in our customer base and team members in recent years,” O’Reilly said at the time.
Marginal Way neighbors
With the Bayside location, NBT joins other banks with Marginal Way branches, including Skowhegan Savings Bank, Maine Community Bank and Bangor Savings Bank. It’s nearly next door to a Dunkin’ and a short distance from Whole Foods and Trader Joe’s.
Fit-out of the NBT branch was done by Southern Maine Remodeling, of Scarborough, and Port City Architecture, of Portland. The Boulos Co. was the listing agent.
NBT Bancorp Inc. (Nasdaq: NBTB) has assets of $16 billion and has 170 offices in seven states — Maine, New York, Pennsylvania, Connecticut, Massachusetts, New Hampshire and Vermont.
