On September 9, 2024, Evans Bancorp, Inc., Williamsville, New York, announced the signing of a merger agreement with NBT Bancorp Inc., Norwich, New York, pursuant to which Evans Bancorp will merge with and into NBT Bancorp in an all-stock transaction valued at approximately $236 million.  Evans Bancorp President and CEO David Nasca will join the NBT Bancorp board of directors following the merger.

Evans Bancorp is the holding company for Evans Bank, N.A. and has approximately $2.26 billion in total assets.

NBT Bancorp is the holding company for NBT Bank, N.A. and has approximately $13.50 billion in total assets.

Luse Gorman is serving as legal counsel to Evans Bancorp in the transaction.  The Luse Gorman team consists of John Gorman, Marc Levy, Max Seltzer and Ellie Cook.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.