NBT Bank Sees Income and Deposit Growth in Third Quarter
NBT Bank made both deposit and income gains in the third quarter of 2024, partially a result of the acquisition of Western Massachusetts’ Salisbury Bank.
With Debt Cheaper, Expect Bank M&A Rebound
The fall opened with flurry of bank M&A in Massachusetts, and more deals could be on the horizon as the Federal Reserve follows through on promised rate cuts.
C&I Demand Remains Low. Interest Rate Cuts Could Change That
Massachusetts banks are leaning on business lending to help them diversify away from commercial real estate lending. But demand for those loans has been shrinking for over a year.
NBT Bank, with Growing Western Mass. Presence, Gets New CEO
New York State-based NBT Bank has formally completed its CEO transition, with Scott A. Kingsley succeeding John H. Watt Jr.
High Funds Costs Drag NBT’s Gains from Salisbury Bank Buy
NBT Bank saw its quarterly profits dragged down by higher funding costs as customers continue to seek higher-yield deposits, despite the bank’s gains in loans and deposits from its August acquisition of Salisbury Bank.
NBT CEO to Step Down in May
The regional bank has nearly 150 branches in New England, including in several across the Berkshires.
NBT Completes Merger With Salisbury Bank
NBT Bank has added 13 Salisbury Bank branches to its footprint after the two banks completed their merger on Aug.11.
NBT Bank to Gain Three Berkshires Branches in Acquisition
Salisbury Bank’s three Berkshires-area branches are set to be converted as NBT Bank offices on Aug. 14 as the merger between the two banks received a go signal from government regulators.
Shareholders Approve Merger of Banks With Berkshire County Branches
The merger between Connecticut-based Salisbury Bank and New York-based NBT Bank has moved a step closer to completion after Salisbury’s shareholders voted in favor of the deal. Both banks have branches in Berkshire County.
Banks with Berkshire County Branches Plan Merger
The parent companies of New York-based NBT Bank and Connecticut-based Salisbury Bank, which both have branches in Berkshire County, have agreed to merge.
