Deposit Options — Government Banking

Government Checking Account — Non Interest & Interest Bearing

NBT Bank offers Government Checking Accounts to Local Governments, providing unlimited check writing abilities, a free supply of checks and service charges that can be offset by an earnings credit based on balances maintained.

Savings and Investment Options - Government Banking

Government Money Market Deposit Account

NBT Bank offers Government Money Market Deposit Accounts for excess funds and short — and medium — term liquid investments. These accounts pay interest monthly and have tired rates based on the amount maintained in the account. Rates are variable and subject to change with market conditions.

Government Savings Account

NBT Bank offers Government Savings Accounts for excess funds and short— and medium— term liquid investments. Interest is paid to the accounts quarterly, and rates are variable and subject to change with market conditions.

Government Certificates of Deposit Account

Local Governments may invest their excess funds in NBT Bank's Government Certificates of Deposit with maturities anywhere from seven days to several years, depending upon their cash flow needs. Interest is calculated on an actual 360 day basis and payable at maturity.

Government Collateralization of Public Funds

NBT Bank collateralizes a Local Government's deposits with securities as required by the State of New York. These securities are held at an independent third-party custodian, The Bank of New York, which monitors the balances and adjusts the collateral daily to ensure that the public deposits that exceed FDIC coverage are always adequately secured according to NYS Law.

Other Options — Government Banking

Financing of Public Projects

NBT Bank specializes in working with Local Governments to provide permanent financing through municipal bonds for vehicles, equipment, buildings, highway construction as well as many other types of projects that can be financed under NYS Law.

We also provide short-term financing through Bond Anticipation Notes and Revenue Anticipation Notes, interim funding while Local Governmental entities await permanent funding from New York State, Federal Agencies, or through long-term bonds. Short- term financing for emergency projects is also available at NBT, and we work with Local Government's attorney to assist in the documentation requirements of the borrowing under NYS Local Finance Law.

Online Banking and Cash Management Tools — see Cash Management Services.

Government Banking Contacts

NBT Bank's Government Banking Department has industry specific Relationship Managers that understand the unique characteristics and requirements of Local Governments and are already to assist and advise in all areas of deposit, investment and financing activities. NBT Bank's Government Banking Department provides direct investment of deposits into local communities in New York State to enhance the infrastructure and qualities of those communities.

John Deierlein, VP and Manager
Phone: (607) 337 - 6485
Email: jdeierlein@nbtbank.com

Relationship Manager for Local Government Entities in the following counties:
Broome, Chenango, Cortland, Delaware, Madison, Oneida, Otsego and Tioga Counties

James Sullivan, VP
Phone: (518) 437 - 4108
Email: jsullivan@nbtbank.com

Relationship Manager for Local Government Entities in the following counties:
Albany, Fulton, Hamilton, Herkimer, Montgomery, Rensselaer, Saratoga, Schenectady and Schoharie Counties

Arleen Girard, VP
Phone: (518) 745 - 5262
Email: agirard@nbtbank.com

Relationship Manager for Local Government Entities in the following counties:
Clinton, Essex, Franklin, Saratoga, St. Lawrence, Warren and Washington Counties