NBT Bancorp Inc. Receives Regulatory Approval, Announces Date For Merger With Salisbury Bancorp, Inc.
Portfolio Pulse from Happy Mohamed
NBT Bancorp Inc. (NASDAQ:NBTB) has received regulatory approval for its proposed merger with Salisbury Bancorp, Inc. The merger is expected to close on August 11, 2023, with Salisbury Bank locations opening as NBT Bank offices on August 14, 2023. The merger was approved by Salisbury shareholders on April 12, 2023.
July 10, 2023 | 8:00 pm
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NBT Bancorp Inc. has received regulatory approval for its merger with Salisbury Bancorp, which is expected to close on August 11, 2023. This could potentially expand NBT's customer base and service offerings.
The merger approval is a significant event for NBT Bancorp Inc. as it could potentially expand its customer base and service offerings. This could lead to increased revenues and profitability in the future, which could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100