-----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, SSI+mMCPQ8eFle/X7Ap5cTzN01oAftyyoaAjILUw0wSmJTO02bdLFTpYQlIcrwMM Jcu6mDGePwJgGv5RVcaTnw== 0000914317-09-002228.txt : 20091209 0000914317-09-002228.hdr.sgml : 20091209 20091209154214 ACCESSION NUMBER: 0000914317-09-002228 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20091204 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20091209 DATE AS OF CHANGE: 20091209 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: 091231011 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-103995_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): December 4, 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 N/A (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 8. Other Events Item 8.01. Other Events. At the close of business on December 4, 2009, Salisbury Bancorp, Inc.'s sole subsidiary, Salisbury Bank and Trust Company ("Salisbury Bank") consummated its purchase and assumption of approximately $11 million in deposits and $2.5 million in loans and the Canaan, Connecticut branch office from Webster Bank, National Association ("Webster Bank") pursuant to the Purchase and Assumption Agreement entered into by Salisbury Bank and Webster Bank on August 24, 2009. As part of the transaction, Salisbury Bank has consolidated the deposits and loans purchased and assumed from Webster's Canaan Branch with Salisbury Bank's Canaan Branch Office located at 100 Main Street, Canaan, Connecticut. Further information is set forth in the attached Press Release. Section 9. Financial Statements and Exhibits Item 9.01. Financial Statements and Exhibits. (a) Not Applicable. (b) Not Applicable. (c) Not Applicable. (d) Exhibits. 99.1 Press Release dated December 9, 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: December 9, 2009 SALISBURY BANCORP, INC. By: /s/ Richard J. Cantele, Jr. ----------------------------- Richard J. Cantele, Jr. President and Chief Executive Officer EX-99.1 2 ex99-1.txt EX-99.1 [LOGO] Contact: Rick Cantele, President and CEO Salisbury Bank and Trust Company 5 Bissell Street, Lakeville, CT 06039 (860) 435-9801 rick@salisburybank.com For Immediate Release SALISBURY BANK AND TRUST COMPANY COMPLETES ACQUISITION OF WEBSTER BANK'S CANAAN BRANCH OFFICE Lakeville, CT (December 9, 2009) - Salisbury Bancorp, Inc., (NYSE AMEX: "SAL") announced today that its subsidiary, Salisbury Bank and Trust Company ("Salisbury Bank"), has completed its purchase of approximately $11 million in deposits and $2.5 million in loans and the branch office located at 10 Granite Ave., Canaan, Connecticut from Webster Bank, National Association ("Webster Bank") as of the close of business on December 4, 2009. Pursuant to the Purchase and Assumption Agreement entered into by Salisbury Bank and Webster Bank on August 24, 2009, Salisbury Bank assumed certain deposits, fixed assets, and certain loans. Salisbury Bank agreed to retain all branch-based employees of the Webster Canaan branch. As part of the transaction, Salisbury Bank has consolidated the new branch with Salisbury Bank's Canaan branch conveniently located at 100 Main Street, Canaan, Connecticut. In the aggregate, the transaction included approximately $11 million in deposits and approximately $2.5 million in loans, as well as safe deposit box relationships associated with the branch. "We are pleased to announce this addition to our Salisbury Bank franchise," commented Richard J. Cantele, Jr., President and Chief Executive Officer. "The purchase solidifies our already strong presence in the town of Canaan and forms a solid platform for Salisbury Bank's continued growth in the tri-state area." "We welcome the customers and employees of Webster Bank's Canaan branch to the Salisbury Bank family and look forward to providing outstanding customer service to these customers," Cantele continued. "Salisbury Bank's spacious Canaan office is conveniently located in the center of town and offers customers access to a full service branch as well as a commercial lender, mortgage advisor and trust officer to meet all of their financial needs. The branch also has two drive-up banking lanes along with a convenient walk-up ATM and ample parking." "We are pleased with how smoothly this transaction proceeded. Our staff worked very closely with Webster Bank to insure the transition for customers was straightforward and any inconvenience was kept to a minimum." The purchase is part of Salisbury Bank's strategic initiative to enhance its market share in the tri-state area. (cont.) Salisbury Bancorp, Inc.'s sole subsidiary, Salisbury Bank and Trust Company, is a Connecticut chartered commercial bank. The Company has assets in excess of $560 million and capital in excess of $52 million and serves the communities of northwestern Connecticut and proximate communities in New York and Massachusetts, which it has done for approximately 160 years. Salisbury Bank and Trust Company is headquartered in Lakeville, Connecticut and operates full service branches in Canaan, Salisbury, Sharon and 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. ###### -----END PRIVACY-ENHANCED MESSAGE-----