NBC Bancorp, Inc. Reports Dividend Increase

COXSACKIE, N.Y.--(BUSINESS WIRE)-- NBC Bancorp, Inc. (“Bancorp”), (OTCPK:NCXS), the holding company for The National Bank of Coxsackie, announced that on December 21, 2022, the Board of Directors of Bancorp declared a semi-annual cash dividend of $0.53 (regular) plus $0.25 (special) per common share that will be paid on or about January 26, 2023 to shareholders of record as of January 3, 2023.

Bancorp President and Chief Executive Officer, John A. Balli, stated. “This is the second consecutive increase in the regular cash semi-annual dividend and reflects our strong performance and desire to reward our shareholders.”

NBC Bancorp, Inc. is the parent company of The National Bank of Coxsackie (“Bank”), which celebrated its 170^th anniversary in 2022. The Bank operates eight branches in the New York State counties of Albany, Greene and Schoharie. For more information, please visit www.nbcoxsackie.com.

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Caitlin McCrea, CPA

SVP, Chief Financial Officer

cmccrea@nbcoxsackie.com

Source: National Bank of Coxsackie