National Bank of Coxsackie merger becomes official

COXSACKIE―As of April 1, the National Bank of Coxsackie has officially merged with Ballston Spa National Bank.

With collective assets of $1.3 billion, the combined bank will conduct business under the Ballston Spa National Bank (BSNB) charter, with the National Bank of Coxsackie (NBC) locations to be known as “Coxsackie Bank, a division of Ballston Spa National Bank.”

First announced back in September, the merger was given shareholder consent last week.

“Together, we’re excited to offer you more—enhanced services, expanded resources, and the same trusted support you know and rely on. As we expand our footprint across the Capital Region, our commitment to you remains unchanged. We’re here to make your banking experience stronger than ever,” BSNB said in a statement on Wednesday.

“We’re thrilled to celebrate what’s ahead—together,” BSNB added.

Full integration of systems and alignment of products and services is scheduled to be completed in the fourth quarter of 2026. Until then, existing customers should continue to perform transactions through their current bank.

“As we expand BSNB’s presence in the Coxsackie market, we will also be able to expand our service offerings,” the bank stated.

“Coxsackie Bank customers now have access to our full list of Wealth Management Solutions, such as investment and asset management services, trust and estate administration, managed IRAs, and wealth management benefits. They also have access to our Financial Services expertise, including personal investment services, insurance, IRA services, employer sponsored retirement plans, and college planning,” BSNB noted.

None of the current locations or branches are expected to be closed as a part of the merger.

The combined company's board of directors will consist of nine directors from BSNB and four directors from NBC. The boards of directors of both banks have already unanimously approved the transaction, with all board members from both sides voting their shares in favor of the merger.

Christopher R. Dowd, president and CEO of BSNB, will serve as chief executive officer of the new bank, while John A. Balli, president and CEO of NBC, will serve as president.

Founded in 1852, NBC maintains eight branches in Coxsackie, West Coxsackie, Greenville, Athens, Ravena, Middleburgh, Glenmont and Cairo, as well as a loan production office in Latham.

Established in 1838, BSNB has 13 locations across Ballston Spa, Burnt Hills, Clifton Park, Galway, Greenfield Center, Guilderland, Latham, Mechanicville, Voorheesville and Wilton.