{"id":220804,"date":"2024-09-10T14:55:46","date_gmt":"2024-09-10T18:55:46","guid":{"rendered":"https:\/\/ncrc.org\/?p=220804"},"modified":"2024-09-10T14:55:49","modified_gmt":"2024-09-10T18:55:49","slug":"american-banker-nbt-to-keep-evans-branch-offices-after-236-million-merger","status":"publish","type":"post","link":"https:\/\/ncrc.org\/american-banker-nbt-to-keep-evans-branch-offices-after-236-million-merger\/","title":{"rendered":"American Banker: NBT To Keep Evans Branch Offices After $236 Million Merger"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">American Banker, September 10, 2024, <a href=\"https:\/\/www.americanbanker.com\/news\/new-york-community-banks-reach-236-million-deal-to-merge\" target=\"_blank\" rel=\"noopener\">NBT To Keep Evans Branch Offices After $236 Million Merger<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">More than 70 banks have announced plans to sell in 2024, putting the year on track to eclipse last year&#8217;s total of 100. M&amp;A in 2023 was held in check in large part by surging interest rates that spiked deposit costs, curbed loan demand and raised the specter of recession.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But the Federal Reserve is on the cusp of lowering rates, perhaps as soon as its Sept. 18 meeting. The futures market is pricing in a 25-basis-point cut with a chance for a 50-basis-point reduction.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Deals are also getting larger on average. Through July of this year, bank M&amp;A transactions in aggregate were valued at $9.25 billion, above the $4.15 billion for all of 2023, according to S&amp;P Global Market Intelligence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Banker, September 10, 2024, NBT To Keep Evans Branch Offices After $236 Million Merger More than 70 banks have announced plans to sell in 2024, putting the year on track to eclipse last year&#8217;s total of 100. M&amp;A in 2023 was held in check in large part by surging interest rates that spiked deposit [&hellip;]<\/p>\n","protected":false},"author":3100,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"content-type":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"page_builder":"","footnotes":""},"categories":[1371],"tags":[],"class_list":["post-220804","post","type-post","status-publish","format-standard","hentry","category-radar"],"acf":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"NCRC","author_link":""},"uagb_comment_info":0,"uagb_excerpt":"American Banker, September 10, 2024, NBT To Keep Evans Branch Offices After $236 Million Merger More than 70 banks have announced plans to sell in 2024, putting the year on track to eclipse last year&#8217;s total of 100. M&amp;A in 2023 was held in check in large part by surging interest rates that spiked deposit&hellip;","_links":{"self":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/220804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/users\/3100"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/comments?post=220804"}],"version-history":[{"count":0,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/220804\/revisions"}],"wp:attachment":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/media?parent=220804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/categories?post=220804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/tags?post=220804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}