NBT Bankcorp, Inc. is expanding their reach into New England with a merger of Salisbury Bancorp, Inc. into NBT.
The merger will be 100% stock with an estimated value of nearly $204 million dollars and looks to be finalized in the second quarter of 2023, after customary closing conditions, with approval from shareholders of Salisbury and regulatory approval.
Salisbury is headquartered in Lakeville Connecticut with assets totaling approximately $1.51 billion dollars and is the primary subsidiary of Salisbury Bank and Trust Company with 14 offices.
Once the merger is completed, all Salisbury Bank and Trust offices will be converted to NBT Bank locations, expanding current banking operations for customers in the Hudson Valley, Northwestern Connecticut, and Southwestern Massachusetts.
