Salisbury Bancorp, Inc. operates as the bank holding company for Salisbury Bank and Trust Company that provides commercial banking, consumer financing, retail banking, and trust and wealth advisory services. It offers various retail and commercial deposit products. The company also provides loans, such as residential and commercial real estate loans; construction loans; commercial loans; working capital loans; equipment loans; and consumer loans, including home equity loans and lines of credit, collateral loans, and auto and personal installment loans. In addition, it offers a range of fiduciary services, including trust and estate administration, wealth advisory, and investment management services to individuals, families, businesses, and institutions. Further, the company provides additional depositor related services consisting of landlord/tenant lease security accounts and services, merchant services, payroll services, ATM services, bank-by-phone services, Internet banking services, Internet bill pay services, person to person payments, bank to bank transfers, mobile banking services with remote deposit, and online financial management with account aggregation services, as well as cash management services, including remote deposit capture, ACH origination, wire transfers, and positive pay services. It operates through a network of 14 banking offices and 10 ATMs located in Litchfield County, Connecticut; Dutchess, Orange, and Ulster Counties, New York; and Berkshire County, Massachusetts. Salisbury Bancorp, Inc. was incorporated in 1998 and is headquartered in Lakeville, Connecticut.
IPO Year:
Exchange: NASDAQ
Website: salisburybank.com
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 from the additional scale and expanded suite of products and services offered by NBT. I am extremely proud of the employees of Salisbury Bank who have worked diligent
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. ("Salisbury"), (NASDAQ Capital Market: "SAL"), the holding company for Salisbury Bank and Trust Company (the "Bank"), announced results for its first quarter ended Mar
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 Named Executive Officers of Salisbury in connection with the merger has been approved. Completion of the merger is subject to receipt of regulatory approval and the satisfaction of
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 (the "Bank"), announced results for its fourth quarter and full year ended December 31, 2022. Net income available to common shareholders was $4.1 million, or $0.71 per basic common
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 NORWICH, N.Y. and LAKEVILLE, Conn., Dec. 05, 2022 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (NASDAQ:NBTB) and Salisbury Bancorp, Inc. (Salisbury) (NASDAQ:SAL) anno
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 Company (the "Bank"), announced results for its third quarter ended September 30, 2022. Net income available to common shareholders was $4.3 million, or $0.75 per basic common share, for the third q
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 Salisbury Bank and Trust Company (the "Bank"), announced results for its second quarter ended June 30, 2022. Net income available to common shareholders was $3.8 million, or $0.67 per basic common
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 two (2) shares of Salisbury's Common Stock. The stock split will not have any impact on the voting and other rights of shareholders and will have no impact on Salisbu
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 forward split of the shares of Salisbury's Common Stock as a means of enhancing the liquidity and marketability of Salisbury's securities in the best interests of sharehol
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 Electronic Banking Services. Mr. Scott, age 39, most recently served as Chief Operating Officer at Fieldpoint Private for the past seven years. Prior to that, he served as
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DA Davidson upgraded Salisbury Bancorp from Neutral to Buy
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 Electronic Banking Services. Mr. Scott, age 39, most recently served as Chief Operating Officer at Fieldpoint Private for the past seven years. Prior to that, he served as
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 that, he served as Executive Vice President, Senior Lending Officer of Riverside Bank from 2011 to 2014. Mr. Rubino holds a B.A. in Economics from the State University of
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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. ("Salisbury"), (NASDAQ Capital Market: "SAL"), the holding company for Salisbury Bank and Trust Company (the "Bank"), announced results for its first quarter ended Mar
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 (the "Bank"), announced results for its fourth quarter and full year ended December 31, 2022. Net income available to common shareholders was $4.1 million, or $0.71 per basic common
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 NORWICH, N.Y. and LAKEVILLE, Conn., Dec. 05, 2022 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (NBT) (NASDAQ:NBTB) and Salisbury Bancorp, Inc. (Salisbury) (NASDAQ:SAL) anno
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 Company (the "Bank"), announced results for its third quarter ended September 30, 2022. Net income available to common shareholders was $4.3 million, or $0.75 per basic common share, for the third q
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 Salisbury Bank and Trust Company (the "Bank"), announced results for its second quarter ended June 30, 2022. Net income available to common shareholders was $3.8 million, or $0.67 per basic common
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 two (2) shares of Salisbury's Common Stock. The stock split will not have any impact on the voting and other rights of shareholders and will have no impact on Salisbu
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 forward split of the shares of Salisbury's Common Stock as a means of enhancing the liquidity and marketability of Salisbury's securities in the best interests of sharehol
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 NEWSWIRE) -- Salisbury Bancorp, Inc. ("Salisbury"), (NASDAQ Capital Market: "SAL"), the holding company for Salisbury Bank and Trust Company (the "Bank"), announced results for its fourth quar
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 for its third quarter ended September 30, 2021. Net income available to common shareholders was $3.4 million, or $1.21 per basic common share, for Salisbury's thi
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 Capital Market: "SAL"), the holding company for Salisbury Bank and Trust Company (the "Bank"), announced results for its second quarter ended June 30, 2021. Net income available to common share