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NBC Bancorp, Inc. (NCXS) is the holding company for The National Bank of Coxsackie, a community bank serving New York’s Capital Region through a network of branches from Coxsackie to Glenmont and a commercial loan production and administrative office in Latham, New York. This news page aggregates company-related announcements and developments that shed light on its operations, strategy and role in the regional banking market.
Readers can find updates on NBC’s strategic direction, including the announced strategic merger of equals between NBC Bancorp, Inc. and Ballston Spa Bancorp, Inc. Under this proposed combination, The National Bank of Coxsackie and Ballston Spa National Bank plan to join forces under the BSNB charter, with NBC locations operating as “Coxsackie Bank, a division of Ballston Spa National Bank,” subject to regulatory and shareholder approvals.
The news flow for NBC and The National Bank of Coxsackie also includes information on balance sheet actions, such as securities sales and funding decisions intended to reposition the bank’s balance sheet and support loan growth. Personnel announcements highlight promotions and new hires in branch management, lending and administrative roles, reflecting the bank’s focus on leadership development and customer service.
In addition, many releases describe community-oriented initiatives, including donations and grant-supported contributions to nonprofit organizations in areas such as cultural preservation, animal welfare and workforce development. These stories illustrate NBC’s emphasis on community support and its identity as a regional community bank. Investors, customers and observers can use this page to follow how NBC Bancorp, Inc. and The National Bank of Coxsackie communicate their activities, community engagement and corporate milestones over time.
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NBC Bancorp, Inc. (OTCPK:NCXS) has announced the leasing of 6,600 square feet of office space at 1003 New Loudon Road, Latham, NY. This new location will enhance the Bank's commercial lending capabilities and administrative functions, supporting its loan growth in the Capital Region. The Bank's corporate headquarters will remain in Coxsackie, NY. In 2022, the Bank reported significant loan growth, with total assets exceeding $500 million. Construction is set to be completed by BBL Construction Services, with an expected occupancy in the summer of 2023.
National Bank of Coxsackie has donated $2,000 to the Greene County YMCA’s Annual Campaign, supporting community programs like Running Start and Basket Brigade. These initiatives provide essential resources, such as school supplies and Thanksgiving meals, to families in need. Greene County YMCA Executive Director Toni Carroll expressed gratitude for the bank's contribution, which significantly impacts local families. Mark Maraglio, Senior VP of the bank, also emphasized their commitment to supporting community organizations that help those in need. This donation illustrates the bank's role in enhancing community welfare in Greene County.
On December 21, 2022, NBC Bancorp, Inc. (OTCPK:NCXS) declared a semi-annual cash dividend of $0.53 (regular) plus $0.25 (special) per common share, scheduled for payment on January 26, 2023. Shareholders on record as of January 3, 2023, will receive this dividend. The increase marks the second consecutive rise in regular dividends, highlighting Bancorp's strong performance and commitment to rewarding its investors. Established in 1852, Bancorp operates eight branches in New York State, primarily in Albany, Greene, and Schoharie counties.
NBC Bancorp, Inc. (OTCPK:NCXS), the holding company for The National Bank of Coxsackie, reported its 2022 financial results. Net income for the year was
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The National Bank of Coxsackie has appointed Stephen McCormick as Vice President/Commercial Loan Officer. McCormick brings over 10 years of experience from Sunmark Credit Union, focusing on building relationships with commercial clients. CEO John A. Balli expressed enthusiasm about McCormick's contribution to the bank's growth strategy in the Capital Region. Founded in 1852, the bank serves the region with eight locations and aims to provide top-tier banking solutions with personalized service.