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NBT Bank has added 13 Salisbury Bank branches to its footprint after the two banks completed their merger on Aug.11.

In a statement on Monday, Norwich, New York-based NBT said it now has 153 bank offices across seven states after a core systems conversion over the weekend. Lakeville, Connecticut-based Salisbury had branches located in northwestern Connecticut, the Hudson Valley region of New York, and southwestern Massachusetts.

Salisbury’s President and Chief Executive Officer Richard J. Cantele Jr. joined NBT’s board of directors and its executive management team.

Cantele said the merger will benefit Salisbury shareholders from the additional scale and expanded suite of products and services offered by NBT.

NBT President and CEO John H. Watt Jr. said that NBT retained Salisbury employees to support the group’s customer engagement and growth objectives.

“We are pleased to welcome the dedicated professionals joining NBT in customer-facing positions in our retail, commercial, and wealth management businesses along with many in key support roles in our new Lakeville Operations Center. With the integration of our two high-quality community banks, we are focused on continuing to support all stakeholders with a smooth transition and to the opportunity to grow our combined company together,” Watt said.

NBT also approved on Monday the $0.02 per share increase to its third quarter cash dividend, now amounting to $0.32 per share. The dividend will be paid on Sept. 15 to shareholders of record as of Sept. 1.

During its earlier second quarter earnings call, NBT said it will be able to understand and report on the whole impact of the merger on its balance sheet by the next quarter’s earnings call.

NBT Completes Merger With Salisbury Bank

by Nika Cataldo time to read: 1 min