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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Alliance Financial Corp. (MM) | NASDAQ:ALNC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 47.49 | 0 | 01:00:00 |
Under the terms of the merger agreement, each outstanding share of Alliance common stock was converted into the right to receive 2.1779 shares of NBT common stock. In connection with the merger, NBT will issue approximately 10,346,911 million shares of its common stock in exchange for all of the outstanding shares of Alliance common stock.
The merger provides NBT with the addition of $1.4 billion in assets, including $920 million in net loans held for investment, and $1.1 billion in deposits. At December 31, 2012, NBT had assets of $6.0 billion.
Alliance Bank's 26 branches in the central New York counties of Onondaga, Cortland, Madison, Oneida and Oswego will open as NBT Bank locations on March 11, 2013, following a weekend systems conversion. The addition of the Alliance Bank offices will bring NBT Bank's total network of banking locations to 161 in five states, including New York, Pennsylvania, Vermont, Massachusetts and New Hampshire.
CONTACT: Martin Dietrich President and CEO 607.337.6119 Michael J. Chewens Chief Financial Officer 607.337.6520
1 Year Alliance Financial Corp. (MM) Chart |
1 Month Alliance Financial Corp. (MM) Chart |
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