secwatch / observer
8-K filed May 5, 2025, 7:59 PM ET CIK 0000842518
M&A confidence high sentiment neutral materiality 0.90

EVANS BANCORP INC: M&A transaction — NBT Bancorp completes acquisition of Evans Bancorp; shareholders get 0.91 NBT shares

EVANS BANCORP INC

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

EVANS BANCORP INC: Evans Bancorp's certificate of incorporation ceased by operation of law; NBT's restated certificate remains in effect.

Change
charter amendment
Exact text from the filing
The Restated Certificate of Incorporation and Amended and Restated Bylaws of NBT, as in effect immediately prior to the Effective Time, remain in effect as the Restated Certificate of Incorporation and Amended and Restated Bylaws of NBT as the surviving entity of the Merger
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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

EVANS BANCORP INC: Evans Bancorp's bylaws ceased by operation of law upon merger; NBT's amended and restated bylaws remain in effect as surviving entity.

Change
bylaw amendment
Exact text from the filing
As a result of the Merger, at the effective time of the Merger, Evans ceased to exist and the Certificate of Incorporation and the Bylaws of Evans ceased to be in effect by operation of law.
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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

EVANS BANCORP INC underwent a change of control involving NBT Bancorp Inc. for 0.91 shares of NBT common stock per share, with cash payable in lieu of fractional shares (closed 2025-05-02).

Action
change of control
Counterparty
NBT Bancorp Inc.
Consideration
0.91 shares of NBT common stock per share, with cash payable in lieu of fractional shares
Closing
2025-05-02
Exact text from the filing
the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each share of Evans common stock (“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 (the “Merger Consideration”). The foregoing description of the Merger and the Merger Agreement does
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Source: SEC EDGAR
accession 0001140361-25-017352
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