reports
Salisbury Bancorp, Inc. Completes Merger With NBT Bancorp Inc.
Salisbury Bancorp, Inc. Completes Merger With NBT Bancorp Inc. LAKEVILLE, Conn., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Company (“Salisbury Bank”), announced that it completed its merger with and into NBT Bancorp Inc. (“NBT”) (NASDAQ: NBTB) (the “Merger”) on August 11, 2023. Salisbury’s President and Chief Executive Officer, Richard J. Cantele, Jr., stated, “We are excited about the consummation of our strategic merger with NBT. We believe Salisbury shareholders will benefit...
Salisbury Bancorp, Inc. Reports Results For Second Quarter 2023
Salisbury Bancorp, Inc. Reports Results For Second Quarter 2023 Strategic Merger with NBT Bancorp Approved by Regulators; Merger Expected to Close in August 2023Second Quarter Net Income of $0.59 per Basic Common Share and Return on Average Assets of 0.88% Deposit Balances, Excluding Brokered Funds, Increased $40.0 million or 3.2% in Second Quarter 2023Non-performing Assets were 0.08% of Total Assets at June 30, 2023Common Equity Tier 1 and Tangible Common Equity Ratio of 12.41% and 7.71%, Respectively, at June 30, 2023 1 LAKEVILLE, Conn., July 26, 2023 (GLOBE NEWSWIRE) -- Salisbury Banc...
Salisbury Bancorp, Inc. Reports Results for First Quarter 2023; Declar...
Salisbury Bancorp, Inc. Reports Results for First Quarter 2023; Declares 16 Cent Dividend Strategic Merger With NBT Approved by Salisbury ShareholdersFirst Quarter Net Income of $0.52 per Basic Common Share and Return on Average Assets of 0.79% or $0.60 and 0.91%, Respectively, Excluding Non-Recurring Expenses First Quarter 2023 Loan Growth of $22.1 million, or 1.8%Non-performing Assets were 0.14% of Total Assets at March 31, 2023Common Equity Tier 1 and Tangible Common Equity Ratio of 12.16% and 7.63%, Respectively, at March 31, 2023 1 LAKEVILLE, Conn., April 26, 2023 (GLOBE NEWSWIRE) -...
Salisbury Bancorp, Inc. Announces Results of Special Meeting of Shareh...
Salisbury Bancorp, Inc. Announces Results of Special Meeting of Shareholders LAKEVILLE, Conn., April 13, 2023 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced the results of the Special Meeting of Shareholders held on April 12, 2023. The proposal to approve the Agreement and Plan of Merger of Salisbury Bancorp, Inc. and Salisbury Bank into NBT Bancorp and NBT Bank has been approved; and the proposal to approve specified compensation that may become payable to the Nam...
Salisbury Bancorp, Inc. Reports Results for Fourth Quarter and Full Ye...
Salisbury Bancorp, Inc. Reports Results for Fourth Quarter and Full Year 2022 Fourth Quarter and Full Year 2022 Net Income of $0.71 and $2.75 per Basic Common Share, Respectively Robust Loan Growth of $174.1 million, or 16.5% for Full Year 2022, Excluding PPP LoansNon-performing Assets were 0.17% of Total Assets at December 31, 2022Common Equity Tier 1 and Total Capital Ratios of 12.2% and 13.4%, Respectively LAKEVILLE, Conn., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Company (...
NBT Bancorp And Salisbury Bancorp Announce Agreement To Merge
NBT Bancorp And Salisbury Bancorp Announce Agreement To Merge Natural Extension into Attractive Contiguous Markets with High-Quality PartnerAdditional Scale in Combined Connecticut FootprintExpansion into Hudson Valley Region of Upstate New York’s “Chip Corridor”Immediate Market Premium to Salisbury Shareholders and an approximate 40% dividend improvement; Strong Earnings Accretion to Combined Shareholder BaseBenefits of Additional Scale and Operating Leverage; Complementary Wealth Advisory Businesses and Increased Fee-Based RevenueConsistent Business Models and Strong Cultural Alignment N...
Salisbury Bancorp, Inc. Reports Results For Third Quarter 2022; Declar...
Salisbury Bancorp, Inc. Reports Results For Third Quarter 2022; Declares 16 Cent Dividend Third Quarter 2022 Net Income of $0.75 per Basic Common Share and Return on Average Assets of 1.13% Third Quarter 2022 Loan Growth of $43.8 million, or 3.8%, Excluding PPP LoansNon-performing Assets were 0.12% of Total Assets at September 30, 2022Common Equity Tier 1 and Total Capital Ratios of 12.1% and 13.2%, Respectively LAKEVILLE, Conn., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Compan...
Salisbury Bancorp, Inc. Reports Results for Second Quarter 2022; Decla...
Salisbury Bancorp, Inc. Reports Results for Second Quarter 2022; Declares 16 Cent Dividend Second Quarter 2022 Net Income of $0.67 per Basic Common Share Adjusted to Reflect Two-For-One Forward Stock Split Effective on June 30, 2022Record Loan Growth of $81 million, or 7.6%, in Second Quarter 2022 1Non-performing Assets were 0.28% of Total Assets at June 30, 2022Common Equity Tier 1 and Total Capital Ratios of 12.1% and 13.3%, Respectively LAKEVILLE, Conn., July 20, 2022 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Sal...
Salisbury Bancorp, Inc. Announces 2 For 1 Forward Stock Split
Salisbury Bancorp, Inc. Announces 2 For 1 Forward Stock Split LAKEVILLE, Conn., July 01, 2022 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced the completion of its previously announced two-for-one forward stock split in the form of a stock dividend payable on June 30, 2022 to shareholders of record as of June 1, 2022. The two-for-one forward split of the shares of Salisbury’s Common Stock results in every one (1) share of Salisbury common stock being converted into t...
Salisbury Bancorp, Inc. Announces a 2 For 1 Forward Stock Split
Salisbury Bancorp, Inc. Announces a 2 For 1 Forward Stock Split LAKEVILLE, Conn., May 20, 2022 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced today that Salisbury’s shareholders, at its Annual Meeting held on May 18, 2022, approved an amendment to Salisbury’s Certificate of Incorporation to increase Salisbury’s authorized shares of Common Stock from 5,000,000 to 10,000,000 shares. Additionally, the Board announced that it has approved and declared a two-for-one forw...
Salisbury Bancorp, Inc. Announces Appointment of Executive Officer
Salisbury Bancorp, Inc. Announces Appointment of Executive Officer LAKEVILLE, Conn., April 21, 2022 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), NASDAQ: “SAL”, the holding company for Salisbury Bank and Trust Company (the “Bank”), announced the appointment of a new Executive Officer of the Bank effective May 2, 2022. Stephen Scott was named Executive Vice President, Chief Operating Officer. In this role, Mr. Scott will report to the President and CEO and will be responsible for Retail Administration and Operations; Loan Servicing; Deposit Operations; Customer Support; and E...
Salisbury Bancorp, Inc. Reports Results For First Quarter 2022
Salisbury Bancorp, Inc. Reports Results For First Quarter 2022 First Quarter 2022 Net Income of $1.24 per Basic Common ShareCommon Equity Tier 1 and Total Capital Ratios of 12.8% and 14.0%, RespectivelyNon-performing Assets were 0.19% of Total Assets Compared with 0.27% at December 31, 2021Announced the Renewal of a Share Repurchase Program LAKEVILLE, Conn., April 20, 2022 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced results for its first quarter ended March 31, ...
Salisbury Bancorp, Inc. Announces Share Repurchase Program
Salisbury Bancorp, Inc. Announces Share Repurchase Program LAKEVILLE, Conn., March 23, 2022 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced today that its Board of Directors has approved the renewal of its share repurchase program, which expires today, for another twelve (12) months. The share repurchase program provides for the repurchase of Salisbury’s common stock in amounts up to an aggregate of five percent (5%) of the outstanding shares of Salisbury’s common stock from time t...
Salisbury Bancorp, Inc. Announces Plans to Amend its Certificate of In...
Salisbury Bancorp, Inc. Announces Plans to Amend its Certificate of Incorporation to Increase its Authorized Shares and Implement a 2 For 1 Forward Stock Split LAKEVILLE, Conn., March 01, 2022 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced today that the Board has approved and will recommend to Shareholders an amendment to Salisbury’s Certificate of Incorporation to increase Salisbury’s authorized shares of Common Stock from 5,000,000 to 10,000,000 shares, subject t...
Salisbury Bancorp, Inc. Reports Record Full Year 2021 Results and Incr...
Salisbury Bancorp, Inc. Reports Record Full Year 2021 Results and Increases Dividend Fourth Quarter and Record Full Year 2021 Net Income of $1.45 and $5.77 per Basic Common Share, RespectivelyQuarterly Cash Dividend Increases 3.2% to $0.32 Per Common Share in First Quarter 2022Non-performing Assets Improved to 0.27% of Total Assets from 0.44% at December 31, 2020Common Equity Tier 1 and Total Risk-Based Capital Ratios of 12.87% and 14.08%, RespectivelyBook Value and Tangible Book Value Per Common Share Increased 9% and 10%, Respectively in 2021 LAKEVILLE, Conn., Jan. 26, 2022 (GLOBE NEWS...
Salisbury Bancorp, Inc. Announces Appointment of Executive Officer
Salisbury Bancorp, Inc. Announces Appointment of Executive Officer LAKEVILLE, Conn., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), NASDAQ: “SAL”, the holding company for Salisbury Bank and Trust Company (the “Bank”), announced the appointment of a new Executive Officer of the Bank effective January 1, 2022. Todd J. Rubino was named Executive Vice President, Chief Commercial Lending Officer. Mr. Rubino, age 53, has served as Senior Vice President, Senior Commercial Loan Officer of the Bank since Salisbury acquired Riverside Bank in December of 2014. Prior to t...
Salisbury Bancorp, Inc. Reports Results for Third Quarter 2021
Salisbury Bancorp, Inc. Reports Results for Third Quarter 2021 Third Quarter 2021 Net Income of $1.21 per Basic Common ShareGross Loan Balances Increased $47 Million, or 5%, During Third Quarter 20211Non-performing Assets were 0.34% of Total Assets Compared with 0.44% at December 31, 2020Common Equity Tier 1 and Total Risk-Based Capital Ratios of 12.95% and 14.20%, Respectively LAKEVILLE, Conn., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced results...
Salisbury Bancorp, Inc. Increases Dividend and Reports Results for Sec...
Salisbury Bancorp, Inc. Increases Dividend and Reports Results for Second Quarter 2021 Second Quarter 2021 Net Income of $1.53 per Basic Common ShareQuarterly Cash Dividend Increases 3.3% to $0.31 Per Common Share for Third Quarter 2021Quarterly Results Reflected a $1.1 Million Net Release of Credit Reserves Non-performing Assets were 0.39% of Total Assets Compared with 0.44% at December 31, 2020Common Equity Tier 1 and Total Risk-Based Capital Ratios of 13.42% and 14.67%, Respectively LAKEVILLE, Conn., July 21, 2021 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capi...
Salisbury Bancorp, Inc. Announces Redemption of 2015 Subordinated Note...
Salisbury Bancorp, Inc. Announces Redemption of 2015 Subordinated Notes LAKEVILLE, Conn., April 23, 2021 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced its intent to redeem all of its Subordinated Debt Securities issued by Salisbury on December 15, 2015 and due December 15, 2025 (the “2015 Subordinated Notes”) and sent notice thereof to all holders of the 2015 Subordinated Notes. The redemption date for the Subordinated Notes is May 28, 2021 (the “Redemption Date”). Salisbury e...
Salisbury Bancorp, Inc. Increases Dividend and Reports Record Results ...
Salisbury Bancorp, Inc. Increases Dividend and Reports Record Results For First Quarter 2021 First Quarter 2021 Record Net Income of $1.59 per Basic Common ShareQuarterly Cash Dividend Increased 3.4% to $0.30 Per Common ShareNon-performing Assets were 0.41% of Total Assets Compared with 0.44% at December 31, 2020Common Equity Tier 1 and Total Risk-Based Capital Ratios of 13.33% and 14.58%, RespectivelyIssued $25 Million of Subordinated Debt and Announced a Share Repurchase Program LAKEVILLE, Conn., April 21, 2021 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital ...
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