M&A Deal Summary

NBT Bancorp Acquires Salisbury Bank

On December 5, 2022, NBT Bancorp acquired financial services company Salisbury Bank for 204M USD

Acquisition Highlights
  • This is NBT Bancorp’s 1st transaction in the Financial Services sector.
  • This is NBT Bancorp’s largest (disclosed) transaction.
  • This is NBT Bancorp’s 2nd transaction in the United States.
  • This is NBT Bancorp’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2022-12-05
Target Salisbury Bank
Sector Financial Services
Buyer(s) NBT Bancorp
Deal Type Merger
Deal Value 204M USD
Advisor(s) Janney Montgomery Scott LLC (Financial)

Target

Salisbury Bank

Lakeville, Connecticut, United States
Salisbury Bank is a full-service bank providers financial needs of the people who live and work in our community. Salisbury Bank was founded in 1998 and is based in Lakeville, Connecticut.

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Buyer(S) 1

Buyer

NBT Bancorp

Norwich, New York, United States
Category Company
Founded 1856
Sector Financial Services
Employees2,034
Revenue 518M USD (2023)
DESCRIPTION

NBT Bancorp is a financial holding company, provides commercial banking, retail banking, and wealth management services. NBT Bancorp was founded in 1856 and is based in Norwich, New York.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 EPIC Advisors

Rochester, New York, United States

EPIC Advisors, Inc. is a provider of customized, open-architecture retirement plan recordkeeping, marketing and service solutions for banks, trust companies, third party administrators, investment advisors and other financial intermediaries who serve the retirement plan market.

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