A bank that has been expanding its presence in Connecticut announced it has completed a $236 million merger with a fellow New York bank that will grow its footprint in the western part of the Empire State.
Norwich, New York-based NBT Bancorp Inc., parent company of NBT Bank, said it has completed its merger with Evans Bancorp Inc., of Williamsville, New York.
The deal was finalized on May 2, and a core systems conversion occurred over the weekend, the bank said.
The deal gives NBT 14 new banking offices in the Buffalo area and four locations in greater Rochester. NBT Bank, with $13.86 billion in assets, now has 175 branches across its seven-state footprint.
“We are thrilled to welcome over 200 employees and more than 40,000 customers from Evans Bank into the NBT family as a result of this merger,” said NBT President and CEO Scott A. Kingsley. “Adding the Buffalo and Rochester markets to our service area is a natural extension of our footprint in Upstate New York. We look forward to building on the relationships Evans has established with customers, communities and shareholders as we focus on continuing to support all stakeholders with a smooth transition.”
Three executives from Evans have assumed leadership positions with NBT Bank. Ken Pawlak now serves as president of the western region of New York and Buffalo regional president. Tim Brown is Rochester regional president, and Audrey Meyers is senior territory manager for retail banking in the Buffalo and Rochester markets.
NBT Bank first entered the Connecticut market in 2020, and significantly grew its presence in the state in 2023 with its $204 million acquisition of Salisbury Bancorp.
