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.