M&A
confidence high
sentiment positive
materiality 0.70
NBT Bancorp receives regulatory approvals for Salisbury acquisition; closing Aug 11
NBT BANCORP INC
- OCC and Connecticut Banking Dept approved merger; FRB New York granted application waiver.
- Expected close on August 11, 2023; systems conversion Aug 14, branches open as NBT Bank.
- All-stock deal; Salisbury shareholders approved merger on April 12, 2023.
- Integration team from both banks ready; aims to offer broader branch network and financial services.