It's a familiar story in small-town America: Little community bank strikes a deal with a giant national corporation, and suddenly there's a new logo on your local bank branch.
Only this time it's the other way around. NBDC Bank -- also known as the National Bank of Delaware County, a small chain of community banks based in Walton -- announced recently that the company is acquiring six Bank of America branches in Sullivan County.
The deal, which has yet to receive regulatory approval, is expected to go through by fall, according to a press release issued by NBDC Bank. Under the terms of the deal, NBDC will operate former Bank of America branches in Callicoon, Liberty, Monticello, Narrowsburg, Roscoe and Wurtsboro.
The acquisition of the six Sullivan County branches will double the number of offices run by NBDC Bank, which currently runs branches in Walton, Andes, Franklin, Hamden, Stamford and Roxbury.