NBT Bancorp, Salisbury merger bexpected to close on August 11

NBT Bancorp announced that it has received regulatory approval to complete the proposed merger of Salisbury with and into NBT and Salisbury Bank and Trust Company with and into NBT Bank, National Association. The Office of the Comptroller of the Currency and the Connecticut State Banking Department both approved the Merger, and NBT received an application waiver from the Federal Reserve Bank of New York. The Merger is expected to close on August 11 subject to the satisfaction of customary closing conditions. A weekend systems conversion will follow with locations of Salisbury Bank opening as NBT Bank offices on August 14.