Salisbury Bank Opened Millerton, NY, Branch on Tuesday

Jan 20, 2010, 17:51 ET from Salisbury Bancorp, Inc.

LAKEVILLE, Conn., Jan. 20 /PRNewswire-FirstCall/ -- Salisbury Bancorp, Inc., (NYSE Amex: SAL) announced today that its subsidiary, Salisbury Bank and Trust Company ("Salisbury Bank"), opened its new Millerton branch Tuesday, January 19, with a ribbon cutting ceremony that included local officials, bank representatives, local business owners, and customers.  

"A little rain couldn't dampen the enthusiasm of all those in attendance as we opened our second New York State branch in Millerton," said Rick Cantele, President and CEO of Salisbury Bank. "We're ready to expand, we're excited about the opportunities, and we look forward to working with the consumers and small business owners in Millerton and in eastern Dutchess County."

Stacey Moore, owner of Moore & More Printing in Millerton, cut the ribbon at the new branch on behalf of the non-profit organization Adopt-A-Family. Adopt-A-Family was the recipient of a $500 donation from the Bank that Moore plans to share with the Northeast-Millerton Library, who provided space for the Adopt-A-Family program this past holiday season.

"This is very exciting and was a wonderful surprise," said Moore.  "We had a lot of support this holiday season to service the 367 kids in the program.  Salisbury Bank has always been a generous supporter of Adopt-A-Family, and we're very thankful to them."  

Lana Morrison, Vice President and Millerton Branch Manager, said that the Bank gives a donation as part of every branch opening.  "It's just one of Salisbury Bank's many ways of giving back to the community," she added.

Also on hand for the ribbon cutting were Northeast Town Supervisor, David Sherman; Millerton Village Mayor, John Scutieri; Harlem Valley Chamber of Commerce Vice President, Brad Rebillard; Millerton Business Association representative, Martha Reynolds; Millerton Townscape representative, Ralph Fedele; Salisbury Bank Presiding Director, Michael Varet; former Salisbury Bank CEO, John Perotti; several Salisbury Bank directors and staff; and members of the local business community and the community at large.

Staff at the Millerton branch includes Morrison; David Wright, Vice President and Commercial Lender; Eileen Lee, Assistant Branch Manager, as well as Lindsay Waitkins, Diann Weaver, Darcy Boscardin and Ewa Pernal. The full-service branch offers the latest in banking comfort and convenience. Instead of a formal teller counter, Millerton branch customers will find individual teller stations with enhanced privacy features. A seating area invites customers to relax on comfortable chairs and enjoy a cup of coffee as they catch the news on a flat screen television and enjoy the tranquility of a spacious fish tank that is on display. The branch also includes two drive-thru lanes and a drive-up ATM.  

Next up for the Millerton branch are an open house to be scheduled in the near future, and then the awarding of the LEED Certification by the U.S. Green Building Council (USGBC).  

The Millerton branch, located at 87 Main Street, on the corners of Route 44 and Maple Avenue in Millerton, is Salisbury Bank's 8th office, and its second New York State branch along with the Dover Plains, NY, office which opened in August 2007.  

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 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 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.

SOURCE Salisbury Bancorp, Inc.



RELATED LINKS

http://www.salisburybank.com