---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-26-000157"
form_type: "8-K"
ticker: "BSPA"
cik: "0002094107"
company_name: "Ballston Spa Bancorp, Inc."
filed_at: "2026-04-01T23:59:59+00:00"
generated_at: "2026-05-15T08:03:16.442339+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ballston Spa Bancorp completes merger with NBC Bancorp; combined assets ~$1.3B

## Summary
- NBC stockholders received 0.8065 BSPA shares per NBC share; legacy BSPA owners own ~66%, former NBC owners ~34%.
- Combined bank has ~$1.3B in total assets and 21 branches across Albany, Greene, Saratoga, and Schoharie Counties.
- John Balli (ex-NBC CEO) becomes Senior Executive Leader of combined bank; Caitlin McCrea becomes SVP of Finance and Reporting.
- BSPA assumed $5.0M and $4.55M in NBC subordinated notes maturing 2030 and 2033.
- Four former NBC directors added to BSPA board: Aaron P. Flach, Carl A. Florio, Donald G. Persico, and Joseph H. Warren.

## SEC filing metadata
- accession: 0000943374-26-000157
- form_type: 8-K
- ticker: BSPA
- cik: 0002094107
- company_name: Ballston Spa Bancorp, Inc.
- filed_at: 2026-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2094107/000094337426000157/0000943374-26-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2094107/000094337426000157/form8k_040126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-26-000157
- JSON: https://secwatch.observer/filing/0000943374-26-000157.json
- Plain text: https://secwatch.observer/filing/0000943374-26-000157.txt

## Source-grounded claims
- claim_id: 6a22c614f149135cc2660f7f3f85dc625187ef1a
  claim: Ballston Spa Bancorp, Inc. incurred debt of $4.55 million at floating rate maturing due September 1, 2033.
  evidence_excerpt: and (ii) $4.55 million of its floating rate junior subordinated debt securities due September 1, 2033 (collectively, the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2094107/000094337426000157/0000943374-26-000157-index.htm
- claim_id: f62eb0268a25325f8b2c7ca2f266c0d9a9ce0354
  claim: Ballston Spa Bancorp, Inc. incurred senior notes of $5.0 million at fixed-to-floating rate maturing due June 30, 2030.
  evidence_excerpt: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/2094107/000094337426000157/0000943374-26-000157-index.htm
- claim_id: 4ec49cd23499696719356bc7594387812ddabde7
  claim: Ballston Spa Bancorp, Inc. completed an acquisition involving NBC Bancorp, Inc. (closed 2026-04-01).
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2094107/000094337426000157/0000943374-26-000157-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.