Community banking

Salisbury in Connecticut Fills CFO Vacancy

By Chris Cumming April 01, 2013, 6:15 p.m. EDT 1 Min Read

Salisbury Bancorp (SAL) in Lakeville, Conn., has found a chief financial officer.

Donald White joined the $600 million-asset company on Monday as executive vice president and CFO, it said in a news release. He had been a managing director at investment bank Sandler O'Neill, where he had worked since 2002.

Salisbury's former CFO, Ian McMahon, resigned in February. He joined Fieldpoint Private Bank and Trust in Greenwich, Conn., according to his LinkedIn page.

President and Chief Executive Rick Cantele served as interim CFO while Salisbury searched for McMahon's replacement.

"We are very pleased to have Don White join our leadership team. Don brings proven skills in balance sheet strategy, asset liability management, strategic planning and investment portfolio and treasury management," Cantele said in the release. "His expertise in asset liability management and balance sheet strategy will serve us well in the current challenging economic environment."

For reprint and licensing requests for this article, click here.

Community banking

TRENDING

Consumer banking

20 banks and thrifts with the most assets

The top five banks and thrifts have combined total assets of nearly $13 trillion.

Just now
Litigation

If Supreme Court sides with CFPB, 'flurry' of litigation moves forward

Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.

By Kate Berry

3h ago
Politics

Democrats push back against Corporate Transparency Act ruling

Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.

By Claire Williams

5h ago

MORE FROM AMERICAN BANKER

Consumer banking

20 banks and thrifts with the most assets

The top five banks and thrifts have combined total assets of nearly $13 trillion.

Just now
Litigation

If Supreme Court sides with CFPB, 'flurry' of litigation moves forward

Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.

By Kate Berry

3h ago
Politics

Democrats push back against Corporate Transparency Act ruling

Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.

By Claire Williams

5h ago
Commercial lending

'Credit darling' Webster Financial reports uptick in defaulted loans

The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.

By Allissa Kline

7h ago
Earnings

Zions, Comerica foresee turnaround on loan growth in late 2024

The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.

By Catherine Leffert

8h ago
Cryptocurrency

Sen. Warren calls for increased safeguards in stablecoin legislation

In a letter to Treasury Secretary Janet Yellen last week, the Massachusetts senator highlighted the growing use of cryptocurrencies by malicious organizations abroad and underscored the need for anti-money-laundering and counterterrorism provisions in future proposals.

By Frank Gargano

9h ago