secwatch.observer — SEC 8-K summary
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Issuer:     Ballston Spa Bancorp, Inc. (BSPA)
CIK:        0002094107
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0000943374-26-000157
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2094107/000094337426000157/0000943374-26-000157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2094107/000094337426000157/form8k_040126.htm
  HTML page:      https://secwatch.observer/filing/0000943374-26-000157

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer