Salisbury Bancorp (SAL) Announces Stock Buyback Plan
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Salisbury Bancorp, Inc. (AMEX: SAL) has adopted a stock repurchase program. The stock repurchase program provides for the repurchase of the Corporation's common stock in amounts up to an aggregate of five percent (5%) of the outstanding shares of the Corporation's common stock from time to time over the next twelve months through privately negotiated transactions and/or market purchases at appropriate prices, subject to price and market conditions on terms determined to be in the best interests of the Corporation.
Salisbury Bancorp, Inc. is a holding company of its sole subsidiary, the Salisbury Bank and Trust Company (the Bank), which accounts for most of the Company's net income. [SM]
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