WASHINGTON - BSB Bancorp of Binghamton, N.Y., plans to sell its Norwich branch so that federal antitrust authorities will approve its merger with NBT Bancorp of Norwich.

The Justice Department said Tuesday that both bank holding companies have agreed to the sale of the branch, which has $58 million of deposits, to a competitor. Approval by Justice would be required.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.