---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-044364"
form_type: "8-K"
ticker: "NBTB"
cik: "0000790359"
company_name: "NBT BANCORP INC"
filed_at: "2022-12-05T23:59:59+00:00"
generated_at: "2026-06-21T09:54:10.990931+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NBT Bancorp to acquire Salisbury Bancorp in stock deal valued at ~$204M

## Summary
- Each Salisbury share to be exchanged for 0.7450 NBT shares, implying $35.00 per share.
- Expected to close Q2 2023; subject to Salisbury shareholder and regulatory approvals.
- Deal ~9.8% accretive to NBT's first full-year GAAP EPS, 4.9% accretive to cash EPS.
- Salisbury had $1.51B assets, $1.33B deposits, $1.18B loans as of Sep 30, 2022.
- President/CEO of Salisbury, Richard Cantele, to join NBT executive management; one Salisbury director added to NBT board.

## SEC filing metadata
- accession: 0001140361-22-044364
- form_type: 8-K
- ticker: NBTB
- cik: 0000790359
- company_name: NBT BANCORP INC
- filed_at: 2022-12-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/790359/000114036122044364/0001140361-22-044364-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/790359/000114036122044364/brhc10045075_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-044364
- JSON: https://secwatch.observer/filing/0001140361-22-044364.json
- Plain text: https://secwatch.observer/filing/0001140361-22-044364.txt

## Key facts
- Material Agreements
  NBT BANCORP INC entered into Agreement and Plan of Merger with Salisbury Bancorp, Inc. and Salisbury Bank and Trust Company (effective 2022-12-05).
  - Action: entry
  - Agreement: merger
  - Counterparty: Salisbury Bancorp, Inc. and Salisbury Bank and Trust Company
  - Effective: 2022-12-05
  source text: On December 5, 2022, NBT Bancorp Inc. (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Salisbury Bancorp, Inc. (“Salisbury”), Salisbury Bank and Trust Company (“Salisbury Bank”), Salisbury’s subsidiary bank, and NBT Bank, N.A. (“NBT Bank”), the Company’s subsidiary bank, pursuant to which the Company will acquire Salisbury.
  evidence_url: https://www.sec.gov/Archives/edgar/data/790359/000114036122044364/0001140361-22-044364-index.htm

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