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New York-based NBT Bancorp completes CEO transition

Norwich, N.Y.-based NBT Bancorp Inc. named John Watt Jr. president and CEO of the company and unit NBT Bank NA, effective Dec. 19.

Watt, who joined the company in 2014, was appointed president of the bank in May and was set to succeed Martin Dietrich as CEO of the company and the bank upon Dietrich's retirement in December. Dietrich was appointed chairman in May, as part of the company's succession plan.

Watt will also serve as a director of the company and the bank.