NBT Bancorp and Salisbury Bancorp Announce Agreement to Merge
Natural Extension into Attractive Contiguous Markets with High-Quality PartnerAdditional Scale in Combined Connecticut FootprintExpansion into Hudson Valley Region of Upstate New York's "Chip Corridor"Immediate Market Premium to Salisbury Shareholders and an approximate 40% dividend improvement; Strong Earnings Accretion to Combined Shareholder BaseBenefits of Additional Scale and Operating Leverage; Complementary Wealth Advisory Businesses and Increased Fee-Based RevenueConsistent Business Models and Strong Cultural Alignment NORWICH, N.Y. and LAKEVILLE, Conn., Dec. 05, 2022 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (NASDAQ:NBTB) and Salisbury Bancorp, Inc. (Salisbury) (NASDAQ:SAL) anno