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Announced

NBT Bancorp to merge with Evans Bancorp in a $236m deal.

Synopsis

NBT Bancorp, a financial services holding company, agreed to merge with Evans Bancorp, a one-bank holding company, in a $236m deal. “We are enthusiastic about this opportunity to partner with Evans and are confident it is a high quality and incredibly impactful way to expand NBT’s presence into Western New York. Adding the greater Buffalo and Rochester communities to the markets served by NBT is a natural geographic extension of our footprint in Upstate New York where we have been very active and successful for nearly 170 years. We share strong community banking values with Evans and look forward to working with their experienced team to build on the relationships they have established with their customers, communities and shareholders,” Scott A. Kingsley, NBT President and CEO.

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