Salisbury Bancorp, Inc. (NASDAQ:SAL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Salisbury Bancorp, Inc. (NASDAQ:SAL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 11, 2017, Salisbury Bancorp, Inc. (the “Company”) announced that effective October 20, 2017, Donald E. White will resign from his position as Executive Vice President and Chief Financial Officer of the Company and its subsidiary, Salisbury Bank and Trust Company (the “Bank”). Mr. White will resign to pursue another career opportunity. Mr. White’s resignation is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Section 8 – Other Events

Item 8.01

Other Events

On October 11, 2017, the Company issued a press release related to the resignation of Mr. White as Executive Vice President and Chief Financial Officer of the Company and its subsidiary, Salisbury Bank and Trust Company. A copy of such press release is attached hereto as Exhibit 99.1.

Section 9 – Financial Statements and Exhibits

Item 9.01

Financial Statements and Exhibits

(a)Not Applicable.

(b)Not Applicable.

(c)Not Applicable.

(d)Exhibits.

Exhibit No. Description
99.1 Press release dated October 11, 2017


SALISBURY BANCORP INC Exhibit
EX-99.1 2 sal1010form8kexh99_1.htm EXHIBIT 99.1 Exhibit 99.1         Wednesday,…
To view the full exhibit click here

About Salisbury Bancorp, Inc. (NASDAQ:SAL)

Salisbury Bancorp, Inc. is a bank holding company for Salisbury Bank and Trust Company (the Bank). The Bank is a Connecticut-chartered and Federal Deposit Insurance Corporation (the FDIC) insured commercial bank. The Bank provides commercial banking, consumer financing, retail banking and trust and wealth advisory services through a network of over 10 banking offices and approximately nine automated teller machines (ATMs). The Bank originates commercial loans, commercial real estate loans, residential and commercial construction loans, residential real estate loans collateralized by one- to four- family residences, home equity lines of credit, fixed rate loans and other consumer loans. The Bank’s securities portfolio include the United States Government and Agency securities, mortgage-backed securities, collateralized mortgage obligations and tax exempt municipal bonds. The Bank uses deposits, repayments and sales, and borrowings to fund lending, investing and general operations.

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