03:34 PM EST, 12/20/2024 (MT Newswires) -- NBT Bancorp ( NBTB ) said Friday it has received required approvals for its proposed merger with Evans Bancorp ( EVBN ) .

The Office of the Comptroller of the Currency approved Evans Bank's merger with NBT Bank, and NBT received a waiver from the Federal Reserve Bank of New York. Evans shareholders approved the merger at a special meeting.

The merger is expected to close in Q2 2025, the company said.

NBT Bancorp ( NBTB ) shares were up 1%, while Evans Bancorp's ( EVBN ) were up nearly 2% in recent trading.

Price: 48.70, Change: +0.43, Percent Change: +0.89