Ballston Spa Bancorp and NBC Bancorp Announce Strategic Merger of Equals

September 24, 2025

Ballston Spa Bancorp, Inc. (parent of Ballston Spa National Bank) and NBC Bancorp, Inc. (parent of The National Bank of Coxsackie) announced a strategic merger of equals in a stock-for-stock transaction. Under the deal, NBC shareholders will receive 0.8065 shares of BSNB stock per NBC share, and the combined bank is expected to operate under the BSNB charter with NBC branches branded as “Coxsackie Bank, a division of Ballston Spa National Bank.”

Buyers
Ballston Spa Bancorp, Inc., NBC Bancorp, Inc.
Targets
NBC Bancorp, Inc., Ballston Spa Bancorp, Inc.
Location
New York, United States
Transaction Type
Buyout

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