Published:
Salisbury Bancorp, Inc. Announces a Third Quarter Dividend and a Dividend Reinvestment and Stock Purchase Plan.
LAKEVILLE, Conn., Sept. 2 /PRNewswire-FirstCall/ -- The Board of Directors
of Salisbury Bancorp, Inc. (Amex: SAL), the holding company for Salisbury Bank
and Trust Company, declared a $.28 per common share quarterly cash dividend at
their August 29, 2008 meeting. Dividends year-to-date for 2008 total $.84 per
common share. This represents an increase of $.03 or 3.7% over the $.81 per
share cash dividends paid during the same period in 2007. The quarterly cash
dividend will be paid on October 31, 2008 to shareholders of record as of
September 30, 2008.
Chairman and Chief Executive Officer John F. Perotti commented, "I am also
pleased to announce our new Dividend Reinvestment and Stock Purchase Plan. It
provides a convenient way for our shareholders to purchase additional common
stock either by reinvesting cash dividends or by making voluntary cash
payments on a quarterly basis." The Plan Prospectus and related enrollment
information is scheduled for mailing to all of our shareholders early in
September.
Salisbury Bancorp's sole subsidiary, Salisbury Bank and Trust Company, is
a community bank. The Company has assets in excess of $475 million and capital
in excess of $42 million and serves the communities of northwestern
Connecticut and proximate communities inNew York andMassachusetts. Salisbury
Bank and Trust Company is headquartered inLakeville, Connecticut, and in
addition to the main office, operates full service branches inNorth Canaan,
Salisbury andSharon, 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/wealth advisory
services.
This news release does not constitute an offer of any securities for sale.
Such offer may only be made by means of the Prospectus for the Dividend
Reinvestment and Stock Purchase Plan.
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.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: ,FIN,DIV,CT-Salisbury-Bancorp
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