Salisbury Bancorp in Lakeville, Conn., has named James Cotter the chief operating officer of Salisbury Bank & Trust.
Cotter's appointment at the $904 million-asset bank took effect Friday. Cotter, 55, will help Salisbury execute its strategic plan, Chief Executive Rick Cantele said in a Monday news release.
Cotter was previously chief operating officer at Naugatuck Valley Savings and Loan in Naugatuck, Conn., until it was acquired in January by the $4 billion-asset Liberty Bank in Middletown, Conn.
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Salisbury Bancorp. in Lakeville, Conn., has issued $10 million in subordinated debt and plans to exit the Small Business Lending Fund.
December 11 -
Catskill Hudson Bank in Kingston, N.Y., has hired Orville Aarons as its president. Aarons, a former director at Naugatuck Valley Financial, had been working as a consultant to Catskill Hudson since April.
September 23 -
Liberty Bank in Middletown, Conn., has agreed to buy Naugatuck Valley Financial in Naugatuck, Conn.
June 4
Cotter also previously worked at Newtown Savings Bank and Fairfield County Bank.
