NBC Bancorp falls on $26 million buyout deal with Ballston Spa Bancorp

ReutersSep 24, 2025 6:16 PM

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New York-based community lender NBC Bancorp's NCXS.PK shares fall 7% to $60

Rival U.S. bank Ballston Spa Bancorp BSPA.PK will buy NCXS in a $26 million all-stock deal

Deal will create a combined $1.3 billion community bank serving the greater Capital District in New York and surrounding markets

NCXS shareholders will receive 0.8065 shares of BSNB stock for each share held, valuing NCXS at $55.01 apiece

Deal represents 14.7% discount to stock's last close

As of last close, NCXS stock up 47.3% YTD

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