NBC Bancorp falls on $26 million buyout deal with Ballston Spa Bancorp

Ballston Spa Bancorp

24/09/2025 19:16

** New York-based community lender NBC Bancorp's NCXS.PK shares fall 7% to $60

** Rival U.S. bank Ballston Spa Bancorp BSPA.PK will buy NCXS in a $26 million all-stock deal

** Deal will create a combined $1.3 billion community bank serving the greater Capital District in New York and surrounding markets

** NCXS shareholders will receive 0.8065 shares of BSNB stock for each share held, valuing NCXS at $55.01 apiece

** Deal represents 14.7% discount to stock's last close

** As of last close, NCXS stock up 47.3% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))