form8k-1189730_sal.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 2, 2011
SALISBURY BANCORP, INC..
(Exact name of registrant as specified in charter)
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Connecticut
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000-24751
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06-1514263
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.(State or other jurisdiction of incorporation)
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(Commission File Number) |
(IRS Employer Identification No.) |
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5 Bissell Street, Lakeville, Connecticut
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06039-1868
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(Address of principal executive offices)
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(zip code)
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Registrant’s telephone number, including area code: (860) 435-9801
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instructions A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (12 C.F.R. 230.425)
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Soliciting material pursuant to Rule 14a-2 under the Exchange Act (17 C.F.R. 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R. 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R. 240.13e-4(c))
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Form 8-K, Current Report
Salisbury Bancorp, Inc.
Section 8. Other Events
Item 8.01. Other Events.
On November 2, 2011, Salisbury Bancorp, Inc. (the “Company”) entered into an agreement with the United States Department of the Treasury (the “Treasury”) pursuant to which the Company repurchased from the Treasury a warrant to purchase 57,671 shares of the Company’s Common Stock at a purchase price of $22.93 per share (the “Warrant”).
The Company issued the Warrant to the Treasury on March 13, 2009 as part of the Company’s participation in the Capital Purchase Program (the “CPP”) of the Emergency Economic Stabilization Act of 2008. The shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, issued to the Treasury under the CPP were repurchased from the Treasury on August 25, 2011.
The Warrant was repurchased for $205,000. Simultaneously with the repurchase of the Warrant, the Company cancelled the Warrant.
On November 2, 2011, the Company issued a press release related to the repurchase and cancellation of the Warrant. A copy of such press release is attached hereto as Exhibit 99.1.
Section 9. Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1. Press release dated November 2, 2011.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.
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Dated: November 2, 2011
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SALISBURY BANCORP, INC.
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By:
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/s/ B. Ian McMahon
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B. Ian McMahon
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Chief Financial Officer
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