Fitch rates Partners Trust BB, B-

Fitch Ratings assigned a BB long-term rating and B short-term rating to Partners Trust Financial Group Inc. and its banking subsidiary Partners Trust Bank.

The ratings are placed on Rating Watch Evolving.

Fitch said the rating action follows Partners' acquisition of BSB Bancorp Inc., the parent company of BSB Bank & Trust.

The transaction enhances Partners' community bank profile in Central New York, including a strengthened presence in the comparatively more attractive Syracuse market.

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