Ballston Spa Bancorp and NBC Bancorp receive shareholder approvals; merger to close April 1, 2026

Ballston Spa Bancorp, Inc.

Shareholders of both BSNB and NBC approved the merger at special meetings on March 23, 2026.
Anticipated closing date: April 1, 2026, subject to customary conditions.
Conversion ratio: each NBC share converts to 0.8065 BSNB shares; BSNB holders ~66%, NBC ~34%.
All requisite regulatory approvals for the merger were previously received.
NBC will merge into BSNB, with BSNB and Ballston Spa National Bank surviving.

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