A Norwich-based financial institution has a new president and CEO.

The Board of Directors of NBT Bancorp, incorporated May 3 elected Martin Dietrich to head the bank following the retirement of Daryl Forsythe.

The job will be short, however, as Dietrich has announced he also has retirement plans.  Dietrich says he looks to step away from active employment in December.

The NBT Board of Directors has unanimously endorsed a succession plan that will promote John Watt Jr. to president of the bank immediately and expand the roles for other members of the Executive Management Team.

Watt will take over for Dietrich at the end of the year when he retires.


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