LAKEVILLE, Conn., June 29, 2012 /PRNewswire/ -- Salisbury Bancorp,
Inc. ("Salisbury"), NYSE Amex
Equities: "SAL", the holding company for Salisbury Bank and
Trust Company (the "Bank"), announced the appointment of
David B. Farrell as a Director of
the Boards of the Company and the Bank effective June 29, 2012.
Mr. Farrell is the CEO of NAPPI International, an organization
dedicated to providing superior behavioral safety training through
customized consulting and support, and is also CEO and Founder of
Farrell & Company, LLC, a management consulting firm devoted to
strategy and restructuring. Mr. Farrell graduated from
St. Bonaventure University, NY, cum
laude, in 1977 with a Bachelor of Science degree in Business and
Accounting. He lives with his wife in Sheffield, MA.
Mr. Farrell previously served as President and Chief Executive
Officer and member of the board of directors of Bob's Stores
(1999-2008), a retail company headquartered in Meriden, CT (a subsidiary of the TJX
Companies), and also previously served as an officer and a director
of Berkshire Hills Bancorp (2005-2009), a bank holding company
headquartered in Pittsfield,
MA.
In addition to serving as a director of Salisbury and the Bank, Mr. Farrell will serve
as a member of the Asset Liability/Investment Committee, the Human
Resource and Compensation Committee, and the Audit Committee.
"Mr. Farrell brings a wealth of experience, having spent more
than 30 years in retail and financial services serving in the
capacity of CEO and CFO, and we are extremely pleased to welcome
him to our Boards," said Rick
Cantele, President and Chief Executive Officer. "Mr.
Farrell's depth of knowledge and skills, particularly in accounting
and financial oversight, will enable him to be a strong contributor
to our Boards."
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.
SOURCE Salisbury Bancorp, Inc.