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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 24 – SUBSEQUENT EVENTS

Salisbury has evaluated subsequent events for potential recognition and/or disclosure through the date these consolidated financial statements were issued.

The Board of Directors of Salisbury declared a $0.28 per common share quarterly cash dividend at their January 25, 2019 meeting. The dividend was paid on February 28, 2019 to shareholders of record as of February 14, 2019.

On February 22, 2019, Salisbury entered into a change in control agreement with Peter Albero, Chief Financial Officer, which supersedes his previous change in control agreement with Salisbury dated January 26, 2018. Such agreement provides a severance payment of 2.0 times base salary and other benefits in the event employment is terminated in conjunction with a defined change in control.