NORWICH, N.Y. and SYRACUSE, N.Y., Oct. 8, 2012 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (Nasdaq:NBTB) and Alliance Financial Corporation (Alliance) (Nasdaq:ALNC) announced today that they have entered into a definitive agreement under which Alliance will merge with and into NBT. The merger is valued at approximately $233.4 million and is expected to close in the second quarter of 2013 subject to customary closing conditions, including receipt of regulatory approvals and approvals by NBT and Alliance stockholders.
NBT Bancorp Inc., Alliance Financial Corporation Enter Into Merger Agreement
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