Ambanc Holding Co. has signed an agreement to buy Afsala Bancorp in a
The deal would marry two community banks based in Amsterdam, N.Y.
The combined entity, which would be renamed, would have $670 million of
Ambanc, established in 1886, is the parent company of Amsterdam Savings
Afsala, founded in 1936, is the parent of Amsterdam Federal Bank.
John Kisicki, chairman and chief executive officer of Afsala, would take
The deal calls for an exchange of 1.07 shares of Ambanc common stock for