FRIDAY, NOVEMBER 19, 1999

NEW YORK--The Federal Reserve Bank of New York Thursday approved the application by NBT Bancorp Inc., Norwich, NY, to acquire 100 percent of the outstanding voting shares of Lake Ariel Bancorp, Inc., and thereby indirectly acquire its bank subsidiary, LA Bank, N.A., both of Lake Ariel, PA.

According to standard procedure, the proposal cannot be completed for 15 days.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.