NBT to acquire banks in Greene, Schoharie counties
NORWICH – NBT Bank President and CEO Martin Dietrich announced that NBT Bank has reached an agreement to acquire business from three former Legacy Banks branches in Greene County and one in Schoharie County from Berkshire Bank, pending regulatory approval.
The purchase and assumption agreement signed yesterday includes provisions for NBT Bank to acquire three Legacy Banks branches in Greene County, including deposits, loans and branch facilities. These branches are located in Greenville, Oak Hill and Windham. Current employees at these locations will be offered positions with NBT Bank following the branch acquisition.
In Schoharie County, NBT Bank will acquire the deposits and loans of the Legacy Banks branch in Middleburgh and those customers will be serviced by NBT Bank’s existing branch at 299 Main Street in Middleburgh. The Legacy Banks branch in Middleburgh was heavily damaged by flooding resulting from Tropical Storm Irene in late August.
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