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NBT Bancorp unit buys Downeast Pension Services

Norwich, N.Y.-based NBT Bancorp Inc.'s unit NBT Bank NA has acquired New Gloucester, Maine-based Downeast Pension Services Inc.

The financial terms of the deal were not disclosed.

Downeast Pension Services, a retirement plan services company, specializes in defined contributions. The firm's services include plan design, consulting, valuations, compliance testing, contribution calculations and contract administration.