Ballston Spa Bancorp Completes Acquisition, Discloses Financial Obligations
Ticker: BSPA · Form: 8-K · Filed: Apr 1, 2026 · CIK: 0002094107
| Field | Detail |
|---|---|
| Company | Ballston Spa Bancorp, Inc. (BSPA) |
| Form Type | 8-K |
| Filed Date | Apr 1, 2026 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $12.50, $5.00, $5.0 million, $4.55 million, $350,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, debt, executive-compensation, regulation-fd
TL;DR
Ballston Spa Bancorp closed a deal, took on debt, and changed exec comp on April 1st.
AI Summary
Ballston Spa Bancorp, Inc. filed an 8-K on April 1, 2026, reporting the completion of an acquisition or disposition of assets. The filing also disclosed the creation of a direct financial obligation and changes related to directors and officers, including compensatory arrangements. Additionally, it included a Regulation FD disclosure and financial statements.
Why It Matters
This filing indicates significant corporate activity for Ballston Spa Bancorp, including asset transactions and new financial commitments, which could impact its financial standing and strategic direction.
Risk Assessment
Risk Level: medium — The filing details asset acquisition/disposition, financial obligations, and changes in officer/director compensation, suggesting significant operational and financial shifts.
Key Players & Entities
- Ballston Spa Bancorp, Inc. (company) — Filer of the 8-K report
- April 1, 2026 (date) — Filing date and effective date of agreements
FAQ
What specific assets were acquired or disposed of by Ballston Spa Bancorp?
The filing indicates the completion of an acquisition or disposition of assets under Item 2.01, but the specific details of the assets are not provided in the summary information.
What is the nature of the direct financial obligation created by Ballston Spa Bancorp?
Item 2.03 of the filing mentions the creation of a direct financial obligation, but the specific terms and amount are not detailed in the provided summary.
What changes occurred regarding directors or officers at Ballston Spa Bancorp?
Item 5.02 reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements for certain officers.
What information was disclosed under Regulation FD?
Item 7.01 pertains to Regulation FD Disclosure, indicating that material non-public information may have been shared.
What financial statements and exhibits are included with this filing?
Item 9.01 lists Financial Statements and Exhibits, including the main 8-K form, employment agreements, change in control agreements, and a press release.
Filing Stats: 1,697 words · 7 min read · ~6 pages · Grade level 11.1 · Accepted 2026-04-01 08:36:24
Key Financial Figures
- $12.50 — ich registered Common Stock, par value $12.50 per share BSPA OTCQX Indicate by c
- $5.00 — ive Time"), each share of common stock, $5.00 par value, of NBC ("NBC Common Stock")
- $5.0 million — ordinated securities, consisting of (i) $5.0 million of its fixed-to-floating rate junior su
- $4.55 million — securities due June 30, 2030, and (ii) $4.55 million of its floating rate junior subordinate
- $350,000 — ovides an initial annual base salary of $350,000, and (iii) provides a 280G net-best ben
Filing Documents
- form8k_040126.htm (8-K) — 44KB
- ex10-1_8k040126.htm (EX-10.1) — 193KB
- ex10-2_8k040126.htm (EX-10.2) — 151KB
- ex10-3_8k040126.htm (EX-10.3) — 75KB
- ex10-4_8k040126.htm (EX-10.4) — 13KB
- ex10-5_8k040126.htm (EX-10.5) — 13KB
- ex99-1_8k040126.htm (EX-99.1) — 11KB
- image0.jpg (GRAPHIC) — 457KB
- 0000943374-26-000157.txt ( ) — 1359KB
- bspa-20260401.xsd (EX-101.SCH) — 4KB
- bspa-20260401_lab.xml (EX-101.LAB) — 22KB
- bspa-20260401_pre.xml (EX-101.PRE) — 16KB
- form8k_040126_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Description 2.1 Agreement and Plan of Merger, dated September 23, 2025, by and between Ballston Spa Bancorp, Inc. and NBC Bancorp, Inc. (Filed as an Exhibit to Ballston Spa Bancorp, Inc.'s Form S-4 Registration Statement, as amended, filed with the Securities and Exchange Commission on November 26, 2025 (File No. 333-291808)) 10.1 Employment Agreement, dated as of April 1, 2026, by and among Ballston Spa Bancorp, Inc., Ballston Spa National Bank and Christopher R. Dowd 10.2 Employment Agreement, dated as of April 1, 2026, by and among Ballston Spa Bancorp, Inc., Ballston Spa National Bank and John Balli 10.3 Change in Control Agreement, dated as of April 1, 2026, by and between Ballston Spa Bancorp, Inc. and Caitlin McCrea 10.4 Amendment to the Change in Control Agreement, dated April 1, 2026, by and between Ballston Spa Bancorp, Inc. and James Dodd 10.5 Amendment to the Change in Control Agreement, dated April 1, 2026, by and between Ballston Spa Bancorp, Inc. and James Conroy 99.1 Press Release, dated April 1, 2026 104 Cover page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. BALLSTON SPA BANCORP, INC. DATE: April 1, 2026 By: /s/ Christopher Dowd Christopher Dowd President and Chief Executive Officer