On one hand, banks could face regulatory pressure to restrict services to the firearms industry. But banks that take a strong stand also risk the wrath of GOP lawmakers opposed to such restrictions.
Nearly a third of NBT Bancorp's revenue comes from fee businesses, though it took patience, several acquisitions and a tolerance for added regulation to get there.
The deal for Retirement Plan Services, which provides recordkeeping for employers nationally, is NBT's fourth acquisition of a retirement services firm since 2015.
