Introduces Small Aircraft Financing, Hires Doug Place

MANCHESTER, NH (October 1, 2019) – recently introduced small aircraft financing to its lineup of lending products and hired Vice President and Senior Commercial Banking Relationship Manager Doug Place to lead this effort.

Place has nearly 15 years of experience in the financial services industry. Also a private pilot, and he joined from Eastern Bank where he was responsible for launching and managing their aircraft financing program. Place is based at ’s office in Manchester, NH.

is offering loans for single and twin-engine planes flown by their owners through a collaboration with Air Fleet Capital, the long-standing industry leader.

“We are thrilled to have Doug Place on our team,” said New Hampshire Regional President Stephen Lubelczyk. “His experience as a banker and as a pilot give him a unique perspective that is beneficial to our current and future customers. The addition of this new type of lending for is an exciting enhancement to the business financing options we offer.”

A resident of Goffstown, NH, Place earned his bachelor’s degree in Financial Management from the University of Massachusetts at Dartmouth and his master’s degree in International Business from Southern New Hampshire University. He serves on the Board of Directors for the Greater Lawrence, MA Airport Authority and is a member of the Concord Young Professional Network. In his free time, Place is an NCAA Division I Ice Hockey Official.

About

offers personal banking, business banking and wealth management services from locations in six states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire and Maine. The bank and its parent company, Bancorp Inc., are headquartered in Norwich, NY. Bancorp had assets of $9.6 billion as of June 30, 2019 and is traded on the Nasdaq Global Select Market under the symbol NBTB. Member FDIC.