Salisbury Bancorp in Connecticut Announces CFO Resignation

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

Salisbury Bancorp (SAL) in Lakeville, Conn., said Friday that its chief financial officer is stepping down.

Ian McMahon will resign from the $600.8 million-asset company on March 1 to pursue another career opportunity, the company said in a press release. Richard Cantele Jr., Salisbury's chief executive, will serve as interim CFO until the company identifies a permanent replacement.

"We are grateful to Ian for his capable leadership of Salisbury's finance function," Cantele said in a press release.

Salisbury said McMahon’s departure is not the result of any disagreement with the company on any matter relating to its operations, practices or policies.

JOIN THE DISCUSSION

SEE MORE IN

Seven Reasons Why Banks Are Selling

The investment banking firm Sterne Agee & Leach recently studied 16 bank mergers that involve sellers with market capitalizations of $100 million to $5 billion. The sellers share a number of characteristics in common. Here are seven important ones.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.