-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OsWfuB7inhd+0C/RwthI3jttYekK98ja3rlxXODBq3e2X6WE7FVR7Wf49Q3ESH2Q Mob1ZV6EQ53+F5W65to7EA== 0000914317-09-001470.txt : 20090715 0000914317-09-001470.hdr.sgml : 20090715 20090715125141 ACCESSION NUMBER: 0000914317-09-001470 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090713 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090715 DATE AS OF CHANGE: 20090715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALISBURY BANCORP INC CENTRAL INDEX KEY: 0001060219 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 061514263 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24751 FILM NUMBER: 09945445 BUSINESS ADDRESS: STREET 1: 5 BISSELL ST CITY: LAKEVILLE STATE: CT ZIP: 06039-1868 BUSINESS PHONE: 8604359801 MAIL ADDRESS: STREET 1: 5 BISSELL ST CITY: LAKEVILLE STATE: CT ZIP: 06039-1868 8-K 1 form8k-101934_sal.txt 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 13, 2009 ------------------------------ SALISBURY BANCORP, INC. -------------------------------------------------- (Exact name of registrant as specified in charter) Connecticut 000-24751 06-1514263 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 5 Bissell Street, Lakeville, Connecticut 06039-1868 - -------------------------------------------------------------------------------- (Address of principal executive offices) (zip code) Registrant's telephone number, including area code: (860) 435-9801 -------------- - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instructions A.2. below): [_] Written communications pursuant to Rule 425 under the Securities Act (17 C.F.R. 230.425) [_] Soliciting material pursuant to Rule 14a-2 under the Exchange Act (17 C.F.R. 240.14a-12) [_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R. 240.14d-2(b)) [_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R. 240.13e-4(c)) Form 8-K, Current Report Salisbury Bancorp, Inc. Section 5. Corporate Governance and Management ----------------------------------- Item 5.02 Departure of Directors or Certain Officers; Election ------------------------------------------------------- of Directors; Appointment of Certain Officers. ------------------------------------------------- (b) Salisbury Bancorp, Inc. (the "Company") announced with sadness that on July 7, 2009, Mr. John F. Foley, the Company's Chief Financial Officer, Treasurer and Secretary, unexpectedly passed away. Mr. Foley had been an officer of the Company since 1998 and of Salisbury Bank and Trust Company since 1986. Further information is provided in the press release attached hereto. Effective July 13, 2009, the Company appointed Richard J. Cantele, Jr., the Company's President and Chief Executive Officer, to serve on an interim basis in the additional capacities of Chief Financial Officer and Chief Accounting Officer until such time as the Board appoints another individual to serve in such capacities. Mr. Cantele, 50, has served as an executive officer of the Company since June 2001. 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 99.1 Press release dated July 13, 2009. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized. Dated: July 13, 2009 SALISBURY BANCORP, INC. By: s/ Richard J. Cantele, Jr. ---------------------------------- Richard J. Cantele, Jr. President and Chief Executive Officer 2 EX-99.1 2 ex99-1.txt EX-99.1 July 13, 2009 Company Press Release Source: Salisbury Bancorp, Inc. Salisbury Contact: Richard J. Cantele, Jr. - Chairman and Chief Executive Officer (860) 435-9801 or rick@salisburybank.com FOR IMMEDIATE RELEASE Salisbury Bancorp, Inc. Mourns the Passing of its Chief Financial Officer, John Francis Foley Lakeville, Connecticut, July 13, 2009/PRNewswire... The Board of Directors of Salisbury Bancorp, Inc. (NYSE AMEX:"SAL") (the "Company"), the holding company of Salisbury Bank and Trust Company (the "Bank"), mourns the unexpected death of John Francis Foley, Chief Financial Officer of the Company and the Bank. Mr. Foley's banking career spanned over 30 years including the past 27 years with Salisbury Bank and Trust Company. He served as the Company's Chief Financial Officer and Treasurer since 2005. Mr. Foley was devoted to his family and community. He served as a member of the Canaan Fire Company for 32 years. During his 32 years, he served as Vice President and President of the Company. John held officer positions of First Lieutenant, Captain, Assistant Chief and Deputy Chief before being elected Chief in December 2008. In addition, he served as Fire Marshall for North Canaan since 2000. The Board has appointed Richard J. Cantele, Jr., President to serve as the Chief Financial Officer of the Company on an interim basis until the Board names a Chief Financial Officer. President Cantele said, "John Foley left his mark on Salisbury Bank and Trust Company as well as the people and communities of Northwestern Connecticut. He touched and enriched the lives of many and will be truly missed by his many friends and family. His colleagues at Salisbury Bank will miss him personally and professionally." Salisbury Bancorp's sole subsidiary, Salisbury Bank and Trust Company, is a community bank. The Company has assets in excess of $500 million and capital in excess of $46 million and has served the communities of northwestern Connecticut and proximate communities in New York and Massachusetts for approximately 150 years. Salisbury Bank and Trust Company is headquartered in Lakeville, Connecticut and operates full service branches in Canaan, Salisbury and Sharon as well as Lakeville, Connecticut, South Egremont and Sheffield, Massachusetts and Dover 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. 3 -----END PRIVACY-ENHANCED MESSAGE-----