BALLSTON SPA NATIONAL BANK AND THE NATIONAL BANK OF COXSACKIE ANNOUNCE STRATEGIC COMBINATION [Yahoo! Finance]
Ballston Spa Bancorp, Inc. (NY) (BSPA)
Company Research
Source: Yahoo! Finance
BALLSTON SPA, N.Y. and COXSACKIE, N.Y. Sept. 24, 2025 /PRNewswire/ -- Ballston Spa Bancorp, Inc. (OTCPK: BSPA), holding company for Ballston Spa National Bank (collectively "BSNB"), and NBC Bancorp, Inc. (OTCPK: NCXS), holding company for The National Bank of Coxsackie (collectively "NBC"), today jointly announced a strategic merger of equals whereby the banks will combine forces and create a $1.3 billion community bank serving the greater Capital District and surrounding markets. The combined bank will conduct business under the BSNB charter, with the NBC locations known as "Coxsackie Bank, a division of Ballston Spa National Bank." The combined company's Board of Directors will consist of nine directors from BSNB and four directors from NBC. Richard P. Sleasman, the current Chairman of BSNB's Board of Directors, will serve as Chairperson of the Board of the combined company and the combined bank. Christopher R. Dowd, the current President and CEO of BSNB, will serve as Chief Ex
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