NBT Bancorp (NBTB) said Friday it has received required approvals for its proposed merger with Evans Bancorp (EVBN).

The Office of the Comptroller of the Currency approved Evans Bank's merger with NBT Bank, and NBT received a waiver from the Federal Reserve Bank of New York. Evans shareholders approved the merger at a special meeting.

The merger is expected to close in Q2 2025, the company said.

NBT Bancorp shares were up 1%, while Evans Bancorp's were up nearly 2% in recent trading.

Price: 48.70, Change: +0.43, Percent Change: +0.89