secwatch.observer — SEC 8-K summary
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Issuer:     NBT BANCORP INC (NBTB)
CIK:        0000790359
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0001140361-24-040588
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/790359/000114036124040588/0001140361-24-040588-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790359/000114036124040588/ef20035633_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-040588

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