Salisbury Bancorp in Connecticut Announces CFO Resignation

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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.

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