Ballston Spa National Bank

What Ballston Spa National Bank does

Ballston Spa National Bank (BSNB) is a community bank headquartered in Ballston Spa, New York, operating across the Capital District with 21 full-service branches following its April 2026 merger with NBC Bancorp, Inc. The bank is wholly owned by publicly traded holding company Ballston Spa Bancorp, Inc. (OTCMKTS:BSPA) and serves individuals, families, small businesses, and commercial clients in Albany, Greene, Saratoga, and Schoharie Counties. Founded in 1830 with over 180 years of operating history, the bank emphasizes local decision-making, relationship-based banking, and SBA Preferred Lender status to differentiate from larger regional and national competitors.

BSNB operates a comprehensive banking platform spanning deposit products (checking, savings, money market, CDs, IRAs, HSAs), consumer lending (mortgages, home equity, personal, auto/boat/RV), commercial lending (term loans, lines of credit, commercial real estate, SBA loans), treasury management (ACH, wire, Positive Pay fraud protection, remote deposit capture), merchant payment processing (via Elavon partnership), and wealth management and trust services (via Osaic Institutions partnership). Digital channels include an Apiture-powered online and mobile banking platform, the BANKLINK24 telephone banking system, Apple Pay and Samsung Pay support, Card Suite Lite card controls, and the BSNB Financial Wellness Center educational platform. The bank's technology stack is entirely vendor-dependent rather than proprietary.

Revenue is generated primarily through net interest income (spread between loan yields and deposit costs) supplemented by non-interest income from deposit fees, treasury management services, merchant processing fees, and wealth management advisory fees. The company reported $36.16 million in revenue with $4.78 million in net income prior to the merger, operating at approximately 13% net margin. Distribution occurs through the branch network, digital self-service channels, and dedicated business banking and commercial relationship managers. The bank maintains a Coxsackie Bank Division sub-brand to preserve the acquired NBC Bancorp customer relationships in Greene County markets.

Name

Ballston Spa National Bank

Legal name

Ballston Spa National Bank

Website

https://bsnb.com

Company type

Public

Founded year

1830

Operating status

Operating

Headcount range

51–100 employees

Short description

Ballston Spa National Bank is a community bank serving individuals, families, small businesses, and commercial clients across 21 branches in New York's Capital District, offering deposits, lending, treasury management, and wealth services through the BSNB and Coxsackie Bank Division brands.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Personal deposit accounts
• Commercial lending products
• Wealth management services
• Treasury management solutions

Headquarters

HQ city

Ballston Spa

HQ country

United States

HQ region

North America

Offices16 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Primary revenue from interest earned on loans (commercial, residential mortgages, consumer) and securities, offset by interest paid on deposits. Core banking revenue stream typical of community banks.
2. Non-Interest Income: Fees from deposit account maintenance, ATM usage, wire transfers, overdraft protection services, and other banking service charges.
3. Wealth Management and Trust Services: Investment management, asset management, trust administration, estate planning, and retirement plan services. Revenue from advisory fees and fiduciary services.
4. Retirement Plan Services: Employer-sponsored retirement plans including SEP IRAs, 401(k), and SIMPLE IRAs with Osaic Institutions partnership.
5. Merchant Payment Processing: Payment processing services through Elavon partnership for business customers accepting credit/debit cards.
6. Dividend Income: Stock trading under OTCMKTS:BSPA generates dividend income for shareholders. Reported dividend yield of 1.8%.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels8 records

Core offering

Ballston Spa National Bank is a community bank providing personal and business deposit accounts, consumer and commercial loans, treasury management, merchant payment processing, and wealth management and trust services to individuals, families, small businesses, and commercial customers across the Capital Region of New York through 21 branches, online and mobile banking, and dedicated relationship managers. Following its April 2026 merger with NBC Bancorp, the combined entity holds approximately $1.3 billion in assets.

Product overview

Ballston Spa National Bank (BSNB) is a community bank offering a comprehensive suite of banking products and services through a single unified platform. The bank provides personal banking (checking, savings, CDs, IRAs, HSAs), lending (mortgages, home equity, personal loans, auto/boat/RV loans), and business banking (commercial loans, business checking/savings/CDs, treasury management, merchant services, remote deposit capture). Digital banking capabilities include online banking, mobile banking, BANKLINK24 phone banking, and digital wallet support (Apple Pay, Samsung Pay). Wealth management solutions encompass investment management, trust and estate administration, managed IRAs, and financial advisory services through Osaic Institutions. The bank recently completed its merger with NBC Bancorp, Inc. and The National Bank of Coxsackie, expanding to 21 branches across New York State with approximately $1.3 billion in assets.

Differentiator

Problem solved

Functional benefit

Brands

• BSNB Financial Wellness Center: An all-in-one platform offering financial education for people of all ages, including articles, interactive coaches, and courses on topics including saving, budgeting, retirement, and investing.

Products and services

• Personal Checking Accounts

Quantifiable outcome

• Small business loans from $25,000 to $500,000 at 6.00% promotional rate
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered flagship, core and standard.

• NBC Bancorp, Inc.flagshipStrategic or Co-development Partner · 1 April 2026Completed strategic merger creating combined entity with $1.3 billion in assets and 21 branches. NBC Bancorp and The National Bank of Coxsackie merged into Ballston Spa Bancorp, Inc. NBC shareholders received 0.8065 BSNB shares per share. Combined entity serves Capital District and surrounding markets in New York.
• ElavoncoreTechnology or IntegrationBSNB has partnered with Elavon to deliver payment processing solutions for business customers. Elavon is consistently rated among the top 5 global payment providers, processing more than 3 billion transactions annually. The partnership provides flexible, secure payment solutions for all business types including point-of-sale terminals, mobile payments, and online processing.
• Osaic Institutions Financial AdvisorscoreStrategic or Co-development PartnerPartnership with Osaic Institutions enables BSNB to offer investment and insurance products and services through registered financial advisors. Osaic Institutions, Inc. is a FINRA/SIPC member firm providing financial advisory services, investment management, and insurance products through BSNB Financial Services division.
• HealthEquitystandardTechnology or IntegrationHealthEquity partnership provides HSA administration services for employer-sponsored Health Savings Accounts. BSNB offers HSA accounts with HealthEquity as the HSA custodian, enabling tax-advantaged healthcare savings with online account management and investment options.
• ApiturecoreTechnology or IntegrationApiture provides the digital banking platform powering BSNB's online and mobile banking services. The partnership enables secure account access, mobile check deposit, bill pay, and business cash management through Apiture's digital banking solutions.
• Allpoint NetworkstandardTechnology or IntegrationBSNB participates in the Allpoint Network, providing cardholders with access to 55,000 surcharge-free ATMs worldwide. This partnership enhances customer convenience and reduces ATM fees for depositors.
• ClearTruststandardOthersClearTrust serves as BSNB's transfer agent for shareholder services. Contact: Michele Acampora at (813) 235-4490. Provides shareholder record-keeping, dividend distribution, and shareholder communications services.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NBT Bancorp: Upstate New York-focused community bank holding company with similar community banking model, commercial lending, and wealth management. Comparable scale, regulatory profile, and rural/upstate deposit franchise, making it the closest direct peer for BSNB.
• TrustCo Bancorp: Capital District-based community bank operating in similar geography as BSNB, with comparable emphasis on traditional retail/commercial banking, mortgages, and conservative lending practices. Direct head-to-head competitor in the Albany market.
• Arrow Financial: Upstate New York community bank holding company (parent of Arrow Bank and Glens Falls National Bank) with similar size, community banking focus, and broad product suite including wealth management. Operates in adjacent upstate NY markets.
• Financial Institutions: Western New York community bank holding company (Five Star Bank) with similar asset size, community banking model, and emphasis on commercial and retail banking across rural/upstate NY. Strong comparable for size and strategy.
• Evans Bancorp: Western New York community bank holding company (Evans Bank) with similar size, traditional community banking model, and emphasis on commercial lending and wealth management in upstate NY. Comparable peer in size and operating profile.
• Chemung Financial: Southern Tier / Finger Lakes NY community bank holding company (Chemung Canal Trust Company) with comparable asset size and traditional community banking focus. Useful comparable for valuation and performance benchmarking.
• Adirondack Trust Company: Capital District / Saratoga region community bank operating in BSNB's primary geographic market. Closest direct local competitor for retail and small business banking in Saratoga County, with similar relationship-based community banking emphasis.
• Saratoga National Bank and Trust: Saratoga Springs-based community bank with strong presence in BSNB's home Saratoga County market. Competes head-to-head for retail deposits, mortgages, and small business relationships in the same geography.

Broad incumbents

• Tompkins Financial: Larger upstate New York regional bank holding company (Tompkins Community Bank, Mahopac Bank) with broader geographic footprint across NY and neighboring states. Overlaps significantly with BSNB's product suite but operates at meaningfully greater scale.
• Community Bank System: Large Upstate New York-based community bank holding company with significantly greater scale (multi-billion dollar asset base), serving NY, PA, VT, and MA. Provides broader comparison point for community banking economics and is a likely long-term acquirer profile for BSNB.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks4 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/YourBSNB
• LinkedInlinkedin.com/company/ballston-spa-national-bank
• Instagraminstagram.com/ballstonspanationalbank
• Xx.com/BSNB

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ballston Spa National Bank