NBT BANCORP INC (NBTB): M&A transaction — NBT Bancorp completes acquisition of Evans Bancorp, adds 18 branches in Western NY

NBT BANCORP INC

Merger closed May 2, 2025; each Evans share converted to 0.91 NBT shares.
Added 14 branches in Buffalo area and 4 in Rochester, total 175 branches across 7 states.
Over 200 Evans employees and 40,000 customers join NBT.
Three Evans executives assume leadership roles: Ken Pawlak, Tim Brown, Audrey Meyers.
David J. Nasca, former Evans CEO, to join NBT board after annual meeting.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NBT BANCORP INC completed an acquisition involving Evans Bancorp, Inc. for 0.91 shares of NBT common stock (closed 2025-05-02).

Action: acquisition
Counterparty: Evans Bancorp, Inc.
Consideration: 0.91 shares of NBT common stock
Closing: 2025-05-02

Exact text from the filing

Subject to the terms and conditions of the Merger Agreement, at the effective time of the Merger , each share of Evans common stock was converted into the right to receive 0.91 shares of NBT common stock, with cash payable in lieu of any fractional shares. A copy of NBT’s press release dated May 5, 2025, announcing the completion of the Merger, is

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NBT BANCORP INC filing history →

Source: SEC EDGAR

accession 0001140361-25-017344

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