ALBANY, N.Y. - Keycorp said Tuesday it made an offer to acquire troubled Evergreen Bancorp, a 24-branch company in Glens Falls, N.Y., with $900 million of assets. The offer will expire at midnight June 30, said Victor Riley, Keycorp's chairman and chief executive.

Evergreen's stock climbed $1.25 in early afternoon trading on Tuesday, to $15, while Keycorp was off 50 cents, to $39.75 a share. The deal would give Evergreen shareholders an undisclosed amount of Keycorp common stock.

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