National Community Banks Inc.: Standard & Poor's Corp. raised its ratings on National Community's series B 7.75% cumulative convertible preferred stock to BBB-plus from BB-minus.

The upgrade follows the completion of the acquisition of National Community by A-rated Bank of New York Co. Inc. Each outstanding share of National Community's Series B preferred stock has been converted into one share of Bank of New York's class A 7.75% cumulative convertible preferred stock.

Thomson BankWatch raised National Community Bank's issuer rating to B from C/D, and short-term ratings to TBW-1 from TBW-3, due to Bank of New York's purchase of the bank.

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