On April 1, 2026, Ballston Spa Bancorp, Inc. (“Ballston Spa Bancorp”), the holding company for Ballston Spa National Bank, and NBC Bancorp, Inc., the holding company for The National Bank of Coxsackie, completed their previously announced merger of equals, with Ballston Spa Bancorp as the surviving entity. In addition, The National Bank of Coxsackie merged with and into Ballston Spa National Bank, with Ballston Spa National Bank as the surviving bank. This all-stock transaction was valued at approximately $26.0 million.

Luse Gorman served as legal counsel to Ballston Spa Bancorp. The Luse Gorman team consisted of Jeff Cardone, Marc Levy, Max Seltzer, Brendan Clegg, and Anahita Mohtasham-Gharagozloo.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and on 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.