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NBT Bancorp unit acquires Columbia Ridge Capital Management

Norwich, N.Y.-based NBT Bank NA acquired Johnson City, N.Y.-based Columbia Ridge Capital Management Inc.

The financial terms of the deal were not disclosed in a company release.

Columbia Ridge, which provides investment advice and financial consulting services, will operate as a separate entity and will retain its staff, location and name. Kenneth Rosplock will continue as president of the business.

NBT Bank is a unit of NBT Bancorp Inc.