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Violation Tracker Individual Record

Company: NBT Bank, N.A.
Current Parent Company: NBT Bancorp
Penalty: $5,747,792
Year: 2022
Date: September 30, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: NBT Bank agreed to pay $4.25 million in cash and waive $1.5 million in overdraft fees to settle class action litigation accusing the bank of improper application of those fees.
Level of Government: federal
Action Type: private litigation
Court: Northern District of New York
Civil or Criminal Case: civil
Case ID: 3:19cv1400
Case Name: Lowe v. NBT Bank, N.A.
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.