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NBT Bancorp acquires Evans Bancorp Inc.

PUBLIC · NBTBJul 28, 2025

Acquiring Company

NBT Bancorp

Acquired Company

NBT Bank

UpstateNorwichFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking

Description

NBT Bancorp Inc. has successfully completed the acquisition of Evans Bancorp, Inc. on May 2, 2025. This acquisition enhances NBT's presence with additional employees and banking locations in Western New York. The transaction involved the issuance of 5.1 million shares of common stock, valued at $221.8 million. The integration of Evans is expected to significantly impact NBT's earnings positively.

Quick answer

NBT Bancorp is acquiring NBT Bank, announced July 28, 2025. NBT Bancorp is based in Upstate, New York, United States.

How much did NBT Bancorp pay for NBT Bank?
The deal value was not disclosed.
What does NBT Bancorp do?
NBT Bancorp Inc. is a financial services company with a focus on community banking.
Where are NBT Bancorp and NBT Bank based?
NBT Bancorp is based in Upstate, New York, United States. NBT Bank is based in Norwich, New York, United States.
Who are the decision-makers at NBT Bancorp?
Fundz holds 1 contact at NBT Bancorp. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

NBT Bancorp

Location

Upstate, New York, United States

About

NBT Bancorp Inc. is a financial services company with a focus on community banking. The company is committed to providing long-term value for shareholders and serving customers and communities in Upstate New York.

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Frequently asked

Who acquired NBT Bank?

NBT Bank was acquired by NBT Bancorp, based in Upstate. The deal was reported on July 28, 2025. NBT Bancorp Inc. is a financial services company with a focus on community banking. The company is committed to providing long-term value for shareholders and serving customers and communities in Upstate New York. NBT Bancorp is publicly traded (NBTB) and operates in Financial Services.

When did NBT Bancorp acquire NBT Bank?

NBT Bancorp's acquisition of NBT Bank was reported on July 28, 2025. NBT Bancorp Inc. has successfully completed the acquisition of Evans Bancorp, Inc. on May 2, 2025. This acquisition enhances NBT's presence with additional employees and banking locations in Western New York. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does NBT Bank do?

NBT Bank offers personal banking, business banking and wealth management services from locations in seven states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. It is privately held, operating in Financial Services, and is based in Norwich.

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