Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ballston Spa Bancorp, Inc. incurred debt of $4.55 million at floating rate maturing due September 1, 2033.
- Principal
- $4.55 million
- Rate
- floating rate
- Maturity
- due September 1, 2033
- Event
- incurrence
Exact text from the filing
and (ii) $4.55 million of its floating rate junior subordinated debt securities due September 1, 2033 (collectively, the “Notes”).
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ballston Spa Bancorp, Inc. incurred senior notes of $5.0 million at fixed-to-floating rate maturing due June 30, 2030.
- Instrument
- senior notes
- Principal
- $5.0 million
- Rate
- fixed-to-floating rate
- Maturity
- due June 30, 2030
- Event
- incurrence
Exact text from the filing
the Company assumed NBC’s obligations as required by the indentures and certain related agreements with respect to NBC’s subordinated securities, consisting of (i) $5.0 million of its fixed-to-floating rate junior subordinated debt securities due June 30, 2030,
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Ballston Spa Bancorp, Inc. completed an acquisition involving NBC Bancorp, Inc. (closed 2026-04-01).
- Action
- acquisition
- Counterparty
- NBC Bancorp, Inc.
- Closing
- 2026-04-01
Exact text from the filing
Effective on April 1, 2026, 12:01 a.m., Ballston Spa Bancorp, Inc., a New York corporation (the “Company”), completed its previously announced combination with NBC Bancorp, Inc., a New York corporation (“NBC”), pursuant to the Agreement and Plan of Merger, dated as of September 23, 2025 (the “Merger Agreement”), by and between the Company and NBC, pursuant to which NBC merged with and into the Company, with the Company as the surviving entity (the “Merger”).
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