Published:
Salisbury Bancorp, Inc. Announces Stock Repurchase Program
LAKEVILLE, Conn., July 1 /PRNewswire-FirstCall/ -- Salisbury Bancorp, Inc.
(the "Company") (Amex: SAL), the holding company for Salisbury Bank and Trust
Company, announced today that the Board of Directors has adopted a stock
repurchase program. The stock repurchase program provides for the repurchase
of the Corporation's common stock in amounts up to an aggregate of five
percent (5%) of the outstanding shares of the Corporation's common stock from
time to time over the next twelve months through privately negotiated
transactions and/or market purchases at appropriate prices, subject to price
and market conditions on terms determined to be in the best interests of the
Corporation.
Salisbury Bancorp, Inc.'s sole subsidiary, Salisbury Bank and Trust
Company, is aConnecticut chartered commercial bank. The Company has assets in
excess of $470 million and capital in excess of $45 million and has served the
communities of northwesternConnecticut and proximate communities inNew York
andMassachusetts for approximately 150 years. Salisbury Bank and Trust
Company is headquartered inLakeville, Connecticut, and in addition to the
main office, operates full service branches inNorth Canaan,Salisbury and
Sharon, Connecticut,South Egremont andSheffield, Massachusetts andDover
Plains, New York. The Bank offers a full complement of consumer and business
banking products and services as well as trust and wealth advisory services.
Statements contained in this news release contain forward looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on the beliefs and expectations of
management as well as the assumptions made using information currently
available to management. Since these statements reflect the views of
management concerning future events, these statements involve risks,
uncertainties and assumptions, including among others: changes in market
interest rates and general and regional economic conditions; changes in
government regulations; changes in accounting principles; and the quality or
composition of the loan and investment portfolios and other factors that may
be described in the Company's quarterly reports on Form 10-Q and its annual
report on Form 10-K, each filed with the Securities and Exchange Commission,
which are available at the Securities and Exchange Commission's internet
website (www.sec.gov) and to which reference is hereby made. Therefore,
actual future results may differ significantly from results discussed in the
forward looking statements.
SOURCE Salisbury Bancorp, Inc.
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