NBandT Financial Group

Updated on Dec 07, 2023

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Type Public Website www.nbtdirect.com Number of employees 203 (2013) Operating income 25.28 million USD (2012)		Traded as NASDAQ: NBTF Founded 1998 Net income 3.877 million USD (2012)
Industry Banking, Financial services Key people Timothy Smith (Chairman) John Limbert (President & CEO) Total assets US$ 651.075 million (2012) Headquarters Wilmington, Ohio, United States Parent organizations Peoples Bancorp Inc., Peoples Bank National Association Subsidiaries National Bank & Trust Co

NB&T Financial Group, Inc., is a registered financial holding company which wholly owns The National Bank and Trust Company under the Bank Holding Company Act. Their business focuses on the operation of the bank, which is chartered under the laws of the United States and is a member of the Federal Reserve Bank of Cleveland nowadays. The bank accepted deposits from various consumers and companies, and provide loans including commercial loans, agricultural loans and consumer loans to make profit.

History

National Bank and Trust, a wholly owned subsidiary of NB&T Financial Group, Inc., was formed to open business in 1859. The development of the company are summarized as follows:

The Bank was chartered as The Clinton County National Bank in 1872.

In 1922, Trust Department was added to provide financial services owing to the Trust Powers granted by the State of Ohio, Department of Banks and Banking. As a result of the added department, The Clinton County National Bank and Trust Company was used as their new company name.

In 1931, The Bank finished the purchase of the Farmers National Bank of Clarksville.

In 1957, a new modern main office was completed for the Bank on its original site and included the area's first Drive-Thru window.

In 1969, the Bank completed the acquisition of the First National Bank of Sabina.

In 1971, the Bank completed the acquisition of the Port William Banking Company.

In 1980, NB&T Financial Group was incorporated as a holding company for the Bank.

In 1981, the bank acquired Brown County National Bank and changed the name to The National Bank and Trust Company.

In 1982, Peoples National Bank was acquired by the bank.

In 2009, The Bank finished the acquisition of Community National Bank.

In 2010, The Bank achieved agreement with American National Bank, acquiring the business operation of the bank and its single office in Parma, Ohio.

In 2013, The Bank named top dividend stock with insider buying and 5.93% Yield.

References

NB&T Financial Group Wikipedia

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