Local News

Print Friendly |

NBT Bank Merger

10/8/2012 (Updated 10:57:16 PM)

Banking is getting a boost in the Southern Tier.

Norwich-based NBT Bank is acquiring the Syracuse-based Alliance Financial in a merger valued at over $223 million.

NBT will add Alliance's 28 locations in Central New York to it's 135 branches throughout the northeast.

The Alliance branches will take the NBT name after the merger, which is still subject to regulatory approval and the approval of shareholders.

Investors liked the idea. Shares of Alliance Financial jumped over 16% on the announcement.

VIEW VIDEO

blog comments powered by Disqus

Back Back

News system programming and website hosting by EFX internet

Additional Articles

Senate Passes Buy From The Backyard Act

VIEW VIDEO
A new bill passed in the Senate on Wednesday aims to support locally-grown food and boost the local economy. The "Buy From The Backyard Act" requires state agencies with food contracts to buy... more

Exchange Street Bridge Rehabilitation Project

VIEW VIDEO
10,000 cars travel the Exchange Street Bridge every day, but next spring, commuters in Binghamton may have to adjust their route. The Exchange Street Bridge Rehabilitation Project is in its... more

City Sees Decreasing Unemployment Rate

VIEW VIDEO
The unemployment rate in greater Binghamton is decreasing. The rate was 7.8 percent in April, compared to 8.2 percent in April 2012, according to the State Labor Department. The area has added... more