The merger between Ballston Spa Bancorp, Inc. and NBC Bancorp, Inc. was completed on April 1, 2026, with Ballston Spa Bancorp, Inc. as the surviving entity. The National Bank of Coxsackie, a subsidiary of NBC, merged into Ballston Spa National Bank, a subsidiary of Ballston Spa Bancorp, Inc. Each outstanding share of NBC common stock was converted into the right to receive 0.8065 shares of Ballston Spa Bancorp common stock, with cash paid for fractional shares. Ballston Spa Bancorp, Inc. assumed NBC's subordinated debt, including $5.0 million fixed-to-floating rate junior subordinated debt due June 30, 2030, and $4.55 million floating rate junior subordinated debt due September 1, 2033. The Board of Directors of Ballston Spa Bancorp, Inc. was expanded to thirteen members, with four former NBC directors joining: Aaron P. Flach, Carl A. Florio, Donald G. Persico, and Joseph H. Warren. John Balli, former President and CEO of NBC, was appointed President of Ballston Spa Bancorp, Inc. and Senior Executive Leader of Ballston Spa National Bank, with an initial annual base salary of $350,000. Caitlin McCrea, former Senior Vice President and Chief Financial Officer of NBC, was appointed Senior Vice President of Finance and Treasurer of Ballston Spa Bancorp, Inc. and Ballston Spa National Bank. Christopher R. Dowd's employment agreement was amended and restated, providing an annual base salary of not less than $419,265. Amendments to change in control agreements for James Dodd and James Conroy clarify that the merger does not constitute a 'Change in Control' for their respective agreements. The combined bank now operates 21 full-service branches across Albany, Greene, Saratoga, and Schoharie Counties in New York State. Total assets of the combined entity are approximately $1.3 billion. Ballston Spa Bancorp, Inc. previously closed a $26 million subordinated debt issue on March 25, 2026, with the majority of proceeds committed to supporting the combined entity's operations.