NBT Bancorp Inc. Receives Regulatory Approval, Evans Bancorp, Inc. Shareholders Approve Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
0mins
Source: Newsfilter
Merger Approval: NBT Bancorp has received regulatory approval for its merger with Evans Bancorp, which was overwhelmingly supported by Evans shareholders, paving the way for a combined banking entity expected to close in Q2 2025.
Strategic Benefits: The merger aims to enhance customer service and expand NBT's presence in Western New York, while both companies emphasize maintaining their shared culture and values throughout the transition.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
