Ballston Spa Bancorp, Inc. 8-K

What Happened Ballston Spa Bancorp, Inc. (BSPA) held a Special Meeting of Shareholders on March 23, 2026 and its shareholders approved the Agreement and Plan of Merger with NBC Bancorp, Inc. The vote met the required two‑thirds approval threshold. NBC’s shareholders also approved the merger, and the companies issued a joint press release announcing the approvals and an anticipated closing date, subject to customary closing conditions.

Key Details

• Record date outstanding shares entitled to vote: 742,663; shares represented at the meeting: 599,126 (quorum present).
• Merger vote totals: For 593,057; Against 745; Abstain 5,324; Broker non‑votes: none reported.
• Meeting date and press release: March 23, 2026; joint press release attached as Exhibit 99.1 to the 8‑K.
• Next step: closing expected after satisfaction of customary closing conditions (no closing date fixed in the 8‑K beyond the companies’ announcement).

Why It Matters The shareholder approvals clear a major regulatory and shareholder milestone for the proposed combination of Ballston Spa Bancorp and NBC Bancorp. For investors, this means the transaction can proceed toward closing (subject to customary conditions), which may affect future company scale, operations and financial reporting once completed. The companies note forward‑looking statements and risks in their press release; investors should monitor further filings for the definitive closing date and transaction details.