NBT Bancorp to acquire Evans Bancorp for ~$236M in stock, extends into Western NY

NBT BANCORP INC

NBT to acquire Evans in all-stock deal valued at ~$236M; exchange ratio fixed at 0.91 NBT shares per Evans share.
Evans shareholders get 0.91 NBT shares per share; transaction approved by both boards of directors.
Closing expected Q2 2025, conditional on Evans shareholder approval and regulatory clearances.
Evans CEO David Nasca to join NBT board; combined network exceeds 170 branches across 7 states.

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