Salisbury Bancorp in Connecticut Buys Back Tarp Warrant

Salisbury Bancorp Inc. in Lakeville, Conn., has paid the Treasury Department $205,000 for a warrant tied to the Troubled Asset Relief Program.

The $619 million-asset company in March 2009 sold the Treasury a warrant to purchase 57,671 shares of common stock

Salisbury repurchased the preferred stock associated with Tarp in August. The company said it cancelled the warrant after its repurchase.

For reprint and licensing requests for this article, click here.
Community banking
MORE FROM AMERICAN BANKER