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Banking & Savings M&A image Banking & Savings M&A » By The Online Investor Staff, updated Thu., Apr. 18, 9:19 PM Recent mergers and acquisitions in the Banking & Savings M&A category.

This Slide: #52 of 100

Slide #52. Salisbury Bancorp, Inc. — Riverside Bank

Acquirer: Salisbury Bancorp, Inc. (SAL)
Acquiree: Riverside Bank
Details: Salisbury Bancorp, Inc. ("Salisbury") (Nasdaq:SAL), headquartered in Lakeville, Connecticut and Riverside Bank, ("Riverside") headquartered in Poughkeepsie, New York announced today that they have entered into a definitive agreement and plan of merger in an all-stock transaction valued at approximately $28 million, based on the closing price of Salisbury common stock on March 18, 2014, pursuant to which Riverside will merge into Salisbury Bank and Trust Company, the wholly-owned subsidiary of Salisbury ("Salisbury Bank").

Salisbury Bancorp is a bank holding company. Through its subsidiary, Salisbury Bank and Trust Company (the Bank), Co. provides commercial banking, consumer financing, retail banking and trust and wealth advisory services. The Bank originates commercial loans, commercial real estate loans, residential and commercial construction loans, residential real estate loans collateralized by one-to-four family residences, home equity lines of credit and fixed rate loans and other consumer loans. The Bank provides fiduciary services such as trust and estate administration, wealth advisory, and investment management. Additional depositor related services include Merchant Services and Payroll Services.

Open the SAL Page at The Online Investor »

SAL — Key Stats (updated Mon., Aug. 14, 10:22 AM)
Company Name:  Salisbury Bancorp, Inc.
Stock buyback:  SAL buyback
Website:  www.salisburybank.com
Sector:  Banking & Savings
 

Open the SAL Page at The Online Investor (in a new window) »
April 18, 2024  •  9:19 PM Eastern
SAL — Current Quote
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Hold (2.00 out of 4)
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