-----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, KXZEPdwalh+wzMEgRcIF3jQqBOKYaoPJE825Yk/XnUHBkIDCiGq5SwaTmxne1Ry1 E4OOWaOhoPf/lK6npk0DZg== 0000914317-10-001078.txt : 20100628 0000914317-10-001078.hdr.sgml : 20100628 20100628152320 ACCESSION NUMBER: 0000914317-10-001078 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100628 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100628 DATE AS OF CHANGE: 20100628 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: 10919912 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-109050_sal.htm FORM 8-K form8k-109050_sal.htm


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): June 28, 2010.

SALISBURY BANCORP, INC. .
(Exact name of registrant as specified in charter)

Connecticut
000-24751
06-1514263
.(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer 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-12 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; Compensatory Arrangements of Certain Officers.

Arthur J. Bassin was appointed to serve as Director of the Boards of the Company and the Bank.  This appointment was effective June 25, 2010.  Mr. Bassin has spent 25 years in consumer, commercial and mortgage banking at Citibank (1969-1983) and Dime (1983-1992), followed by 10 years in private equity, most recently as President and CEO of TVData Technologies (1994-2001).  He earned his MBA from Harvard Business School in 1969 and his AB from Harvard College in 1965.  He presently lives with his wife on a horse farm in Ancramdale, New York, and took office as Ancram Town Supervisor in January 2010.

Mr. Bassin has served as a Director on several boards and currently serves on the Boards of Cricket Hill Farm, Inc., Cricket Hill Academy, Inc., and Amputee Coalition of America.

Section 8.  Other Events

Item 8.01.  Other Events.

On June 28, 2010, the Company issued a press release related to the appointment of Arthur J. Bassin as Director of the Boards of the Company and the Bank effective June 25, 2010.

Section 9. Financial Statements and Exhibits

Item 9.01  Financial Statements and Exhibits.

(d)         Exhibits.

 
 Exhibit 99.1   Press release dated June 28, 2010

  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: June 28, 2010
SALISBURY BANCORP, INC.
     
     
 
By:
/s/ B. Ian McMahon
   
B. Ian McMahon
   
Chief Financial Officer
 
 
 
2
 
 
 
 
 
EX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm
Logo
 

 
NEWS RELEASE


Contact:
Richard J. Cantele, Jr., President and CEO
Salisbury Bank and Trust Company
5 Bissell Street
Lakeville, CT 06039
(860) 435-9801
rick@salisburybank.com

FOR IMMEDIATE RELEASE
 
 
SALISBURY BANCORP, INC. ANNOUNCES THE APPOINTMENT OF NEW DIRECTOR

Lakeville, Connecticut, June 28, 2010/PRNewswire...  Salisbury Bancorp, Inc. (“Salisbury”), NYSE Amex Equities:  “SAL”, the holding company for Salisbury Bank and Trust Company (the “Bank”), announced the appointment of Arthur J. Bassin as a Director of the Boards of the Company and the Bank effective June 25, 2010.

“The addition of Mr. Bassin ensures that our Boards will continue to benefit from a diversity of knowledge and opinions” said Rick Cantele, President and Chief Executive Officer. "Mr. Bassin is an ideal Director because of his leadership skills, management experience and proven track record, and we look forward to his contributions as a member of our Boards."

Mr. Bassin has spent 25 years in consumer, commercial and mortgage banking at Citibank (1969-1983) and Dime (1983-1992), followed by 10 years in private equity, most recently as President and CEO of TVData Technologies (1994-2001).  He earned his MBA from Harvard Business School in 1969 and his AB from Harvard College in 1965.  He presently lives with his wife on a horse farm in Ancramdale, New York, and took office as Ancram Town Supervisor in January 2010.

Mr. Bassin has served as a Director on several boards and currently serves on the Boards of Cricket Hill Farm, Inc., Cricket Hill Academy, Inc., and Amputee Coalition of America.

Salisbury Bancorp, Inc. is the parent company of Salisbury Bank and Trust Company; a Connecticut chartered commercial bank serving the communities of northwestern Connecticut and proximate communities in New York and Massachusetts, since 1848, through full service branches in Canaan, Lakeville, Salisbury and Sharon, Connecticut, South Egremont and Sheffield, Massachusetts and Dover Plains and Millerton, 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 Salisbury’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.


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-----END PRIVACY-ENHANCED MESSAGE-----