Welcome to our dedicated page for Ballston Spa Bancorp SEC filings (Ticker: BSPA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Ballston Spa Bancorp, Inc. (BSPA) SEC filings page on Stock Titan provides access to regulatory documents associated with the holding company for Ballston Spa National Bank. These filings are an important source of information on the company’s community banking operations, corporate structure and capital plans.
For BSPA, investors can look to annual reports on Form 10-K and quarterly reports on Form 10-Q, when filed, to understand the performance of Ballston Spa National Bank’s retail, commercial, residential and private-wealth banking activities in the greater Capital District and surrounding markets. These reports typically describe the bank’s branch network, loan and deposit composition, risk factors and other disclosures relevant to a regional community bank.
In connection with the announced strategic merger of equals between Ballston Spa Bancorp, Inc. and NBC Bancorp, Inc., regulatory materials are expected to include a registration statement on Form S-4. That document will contain a joint proxy statement/prospectus with details on the transaction structure, share exchange terms, governance of the combined company and risk considerations. Reviewing these filings can help investors understand how the merger may affect BSPA’s ownership structure and regional footprint.
On this page, Stock Titan pairs real-time updates from the SEC’s EDGAR system with AI-powered summaries that explain the key points of complex documents. Users can quickly see the main themes in annual and quarterly reports, as well as track transaction-related filings and other disclosures that shape the outlook for Ballston Spa Bancorp, Inc. and its banking subsidiary.
Ballston Spa Bancorp, Inc. has completed its previously announced strategic merger with NBC Bancorp, Inc., with NBC merging into Ballston Spa Bancorp and The National Bank of Coxsackie merging into Ballston Spa National Bank.
Each share of NBC common stock was converted into the right to receive 0.8065 shares of Ballston Spa Bancorp common stock, with cash paid instead of fractional shares. Legacy Ballston Spa shareholders now own approximately 66% of the combined company, while former NBC shareholders own about 34%. The combined bank now operates 21 full-service branches across four New York counties with total assets of approximately $1.3 billion.
Ballston Spa Bancorp also assumed NBC’s subordinated debt, including $5.0 million of fixed-to-floating rate junior subordinated debt due June 30, 2030 and $4.55 million of floating rate junior subordinated debt due September 1, 2033. Leadership has been expanded, with former NBC CEO John A. Balli becoming President of the company and Senior Executive Leader of the bank, and NBC’s CFO Caitlin McCrea taking a senior finance role. Balli’s employment agreement includes an initial annual base salary of $350,000.
Ballston Spa Bancorp, Inc. completed a private placement of $26 million in subordinated notes to qualified institutional buyers and accredited investors. The notes mature on April 1, 2036, carry a fixed interest rate of 7.375% until April 1, 2031, then reset quarterly to three‑month SOFR plus 378 basis points.
The subordinated notes are unsecured, subordinated obligations intended to qualify as Tier 2 capital and may be redeemed, in whole or in part, on or after April 1, 2031, subject to regulatory approval. The company plans to use most of the net proceeds to support its proposed merger with NBC Bancorp, Inc. and to provide additional capital for general corporate purposes of the combined bank.
Ballston Spa Bancorp, Inc. reported that its shareholders approved the planned merger with NBC Bancorp, Inc. at a special meeting. Of 742,663 common shares entitled to vote, 599,126 were represented, and 593,057 voted in favor, meeting the required two-thirds threshold.
Each NBC share will convert into 0.8065 BSNB shares, leaving BSNB shareholders owning about 66% of the combined company and NBC shareholders about 34%. All required regulatory approvals have been received, and the companies currently anticipate closing the merger on April 1, 2026, subject to remaining customary conditions.
Ballston Spa Bancorp, Inc., holding company for Ballston Spa National Bank, and NBC Bancorp, Inc., holding company for The National Bank of Coxsackie, announced they have received all required regulatory approvals for their pending merger and the merger of their subsidiary banks.
The companies expect to complete the transaction in the second quarter of 2026, subject to customary closing conditions, including shareholder approvals. Special shareholder meetings for both BSNB and NBC are scheduled for March 23, 2026 to vote on the merger.
Ballston Spa Bancorp plans to acquire NBC Bancorp in an all‑stock merger, followed by a merger of their subsidiary banks. NBC shareholders will receive 0.8065 shares of Ballston Spa common stock for each NBC share, valuing the deal at about $26.1 million based on a recent Ballston Spa price.
Ballston Spa expects to issue roughly 381,667 new shares, after which former NBC holders will own about 34% of the combined company and existing Ballston Spa holders about 66%. Both boards unanimously support the transaction, and special virtual shareholder meetings are set for March 23, 2026 to vote on the merger and potential adjournments.
Ballston Spa Bancorp, Inc. plans an all‑stock merger with NBC Bancorp, Inc., issuing approximately 381,667 shares of Ballston Spa common stock to NBC shareholders. Each NBC share will convert into 0.8065 Ballston Spa shares, valuing the deal at about $26.1 million based on a Ballston Spa price of $68.35 on January 20, 2026. After closing, former NBC shareholders are expected to own roughly 34% of the combined company and current Ballston Spa shareholders about 66%. NBC Bancorp and its bank subsidiary will merge into Ballston Spa and Ballston Spa National Bank, respectively, creating a larger community bank footprint in upstate New York. Both boards unanimously support the transaction, and special virtual shareholder meetings for each company are scheduled for March 23, 2026 to vote on the merger and related adjournment proposals. The parties expect the merger to qualify as a tax‑free reorganization for U.S. federal income tax purposes, except for cash paid in lieu of fractional shares.