secwatch.observer — SEC 8-K summary
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Issuer:     NBT BANCORP INC (NBTB)
CIK:        0000790359
Form:       8-K
Filed at:   2022-12-05T23:59:59+00:00
Accession:  0001140361-22-044364
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/790359/000114036122044364/0001140361-22-044364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790359/000114036122044364/brhc10045075_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-044364

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