NBT Bancorp Acquires Evans Bancorp for $236M

Understanding the NBT Bancorp and Evans Bancorp Deal
In a strategic move to expand its presence in western New York, NBT Bancorp has announced an agreement to acquire Evans Bancorp. This deal values Evans at approximately $236 million and is a significant step in strengthening NBT's market position. With NBT's assets recorded at $13.50 billion and Evans' at $2.26 billion as of June 30, this merger is poised to create a more robust financial entity.