Silvanic Named to Advisory Board

NBT CEI-BOULOS IMPACT FUND APPOINTS SOCIAL IMPACT ADVISORY BOARD A seven-member advisory group to guide investment of $10 million fund in high-impact, community-supported real estate projects in Upstate New York NORWICH, NY (November 1, 2022) – NBT Bank and CEI-Boulos Capital Management announce the appointment of the Social Impact Advisory Board for the NBT CEI-Boulos Impact Fund, a $10 million real estate equity investment fund with NBT Bank as the sole investor. The NBT CEI-Boulos Impact Fund is designed to support individuals and communities with low- and moderate- incomes through investments in high-impact, community-supported, commercial real estate projects located within the bank's Community Reinvestment Act (CRA) assessment areas in New York State. The Social Impact Advisory Board will review proposed investments based on each project’s social and environmental impact, alignment with community needs, and community support. Areas of the fund’s targeted impact include: • Projects that support job creation • Affordable and workforce housing • Main Street revitalization/historic preservation developments that do not contribute to displacement • Developments that serve nonprofit organizations • Environmentally sustainable real estate developments