Salisbury

Source One Business Services Names Bryan Bradford Partner

Retrieved on: 
Tuesday, November 7, 2023
Finance, Accounting, Other Construction & Property, Professional Services, Construction & Property, Heart, CPA, Construction, CFMA, Salisbury, Multimedia, Growth, Business

The members of Source One Business Services announce Bryan Bradford as the firm’s newest partner.

Key Points: 
  • The members of Source One Business Services announce Bryan Bradford as the firm’s newest partner.
  • View the full release here: https://www.businesswire.com/news/home/20231103756857/en/
    Bryan Bradford, Partner, Source One Business Services (Photo: Business Wire)
    For more than three decades, Source One Business Services has been the region’s leading CPA firm providing advisory, assurance and tax services for privately-owned businesses in the construction, industrial, and service industries.
  • Over the past 18 years, Bradford has been instrumental in serving the firm’s client base, mentoring employees, and spearheading firm initiatives.
  • We are excited to welcome Bryan as partner and continue the great work we do as a firm,” said firm Partner Frank Harper.

Salisbury Bancorp, Inc. Reports Results For Second Quarter 2023

Retrieved on: 
Wednesday, July 26, 2023
Insurance, Partnership, Interest, Marketing, Salisbury, Common equity, FDIC, Trust Company, Sale, Regulator, Asset, Mergers and acquisitions, PPP, Trust, Close, NBT, NBT Bank, Death, Environment, Cryptocurrency, Life insurance, Bank, Video game

Net income available to common shareholders was $3.4 million, or $0.59 per basic common share, for the second quarter ended June 30, 2023 (second quarter 2023), compared with $3.0 million, or $0.52 per basic common share, for the first quarter ended March 30, 2023 (first quarter 2023), and $3.8 million, or $0.67 per basic common share, for the second quarter ended June 30, 2022 (second quarter 2022).

Key Points: 
  • Net income available to common shareholders was $3.4 million, or $0.59 per basic common share, for the second quarter ended June 30, 2023 (second quarter 2023), compared with $3.0 million, or $0.52 per basic common share, for the first quarter ended March 30, 2023 (first quarter 2023), and $3.8 million, or $0.67 per basic common share, for the second quarter ended June 30, 2022 (second quarter 2022).
  • Non-interest income of $2.9 million for second quarter 2023 increased $241 thousand versus first quarter 2023 and decreased $363 thousand versus second quarter 2022.
  • The effective income tax rates for second quarter 2023, first quarter 2023 and second quarter 2022 were 12.7%, 20.0% and 15.3%, respectively.
  • The ratio of gross loans to deposits for second quarter 2023 was 92.1% compared with 96.7% for first quarter 2023 and 87.3% for second quarter 2022.

US Foods Announces Changes to Executive Leadership Team

Retrieved on: 
Monday, May 22, 2023
Retail, Restaurant, Bar, Food, Beverage, Interim, Bachelor of Science, University, Senior, Salisbury University, Salisbury, CBP Office of Field Operations, New England, ELT, Business administration, Division, Robert A. Sturgell, US Foods, Region, Master of Business Administration, James Madison University, NYSE, Management, Science, Finance

US Foods Holding Corp. (NYSE: USFD) – one of America’s leading foodservice distributors – announced key changes to its Executive Leadership Team (ELT) effective today.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD) – one of America’s leading foodservice distributors – announced key changes to its Executive Leadership Team (ELT) effective today.
  • Andrew Iacobucci, Senior Executive Vice President, Field Operations and Chief Commercial Officer is leaving US Foods to accept a CEO role outside the company.
  • With Iacobucci’s departure, the company has taken the opportunity to flatten its Executive Leadership Team (ELT) structure and has named Jim Sturgell, Executive Vice President, Chief Commercial Officer responsible for Local Sales, Commercial Excellence, and Merchandising/Marketing and Randy Taylor, Executive Vice President, Field Operations with P&L responsibility for the company’s Broadline business and Stock Yards.
  • “We thank Andrew for his leadership, particularly for his service as Interim CEO last year, and wish him much success,” said Flitman.

Salisbury Bancorp, Inc. Reports Results for First Quarter 2023; Declares 16 Cent Dividend

Retrieved on: 
Wednesday, April 26, 2023
Partnership, Interest, Salisbury, Trust, Common equity, Trust Company, FHLBB, Asset, PPP, Risk, NBT, NBT Bank, Bank, Fraud, Cryptocurrency, Video game

Tax equivalent interest income of $15.1 million for first quarter 2023 increased $755 thousand, or 5.3%, versus fourth quarter 2022 and increased $3.8 million, or 33.8%, from first quarter 2022.

Key Points: 
  • Tax equivalent interest income of $15.1 million for first quarter 2023 increased $755 thousand, or 5.3%, versus fourth quarter 2022 and increased $3.8 million, or 33.8%, from first quarter 2022.
  • Average earning assets of $1.5 billion for first quarter 2023 increased $23.3 million, or 1.6%, from fourth quarter 2022, and increased $82.5 million, or 5.8%, versus first quarter 2022.
  • Non-interest income of $2.7 million for first quarter 2023 increased $75 thousand versus fourth quarter 2022 and decreased $401 thousand versus first quarter 2022.
  • Service charges and fees of $1.2 million for first quarter 2023 increased $16 thousand from fourth quarter 2022 and increased $97 thousand from first quarter 2022.

NBT Bancorp Inc. Announces First Quarter Net Income of $33.7 Million ($0.78 Per Diluted Common Share)

Retrieved on: 
Monday, April 24, 2023
NIM, Lender option borrower option, Travel, Salisbury, Paycheck Protection Program, FDIC, Federal, Sale, Durbin, Acquisition, FTE, Durbin amendment, NBT Bank, NBT, Commercial, Retirement, Federal funds, Dodd–Frank Wall Street Reform and Consumer Protection Act, Cryptocurrency, Video game, Bank, Security (finance), Pharmaceutical industry, Coal, Airline, NORWICH

Net income for the three months ended March 31, 2023 was $33.7 million, or $0.78 per diluted common share, compared to $39.1 million, or $0.90 per diluted share, for the three months ended March 31, 2022, and $36.1 million, or $0.84 per diluted share, in the fourth quarter of 2022.

Key Points: 
  • Net income for the three months ended March 31, 2023 was $33.7 million, or $0.78 per diluted common share, compared to $39.1 million, or $0.90 per diluted share, for the three months ended March 31, 2022, and $36.1 million, or $0.84 per diluted share, in the fourth quarter of 2022.
  • The first quarter of 2022 also included $2.0 million ($0.04 per diluted share) of income from the Paycheck Protection Program (“PPP”).
  • The following are highlights comparing the first quarter of 2023 to the prior quarter:
    Average short-term borrowings increased $162.4 million, quarter over quarter.
  • Provision expense was $3.8 million lower than the fourth quarter of 2022 and $3.3 million higher than the first quarter of 2022.

Salisbury Bancorp, Inc. Announces Results of Special Meeting of Shareholders

Retrieved on: 
Thursday, April 13, 2023
Agreement, Plan, Salisbury, Trust Company, Mergers and acquisitions, Named, NBT Bank, Special

LAKEVILLE, Conn., April 13, 2023 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced the results of the Special Meeting of Shareholders held on April 12, 2023.

Key Points: 
  • LAKEVILLE, Conn., April 13, 2023 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced the results of the Special Meeting of Shareholders held on April 12, 2023.
  • The proposal to approve the Agreement and Plan of Merger of Salisbury Bancorp, Inc. and Salisbury Bank into NBT Bancorp and NBT Bank has been approved; and the proposal to approve specified compensation that may become payable to the Named Executive Officers of Salisbury in connection with the merger has been approved.
  • Completion of the merger is subject to receipt of regulatory approval and the satisfaction of the remaining customary closing conditions contained in the merger agreement.

ALERT: The M&A Class Action Firm Continues its Investigation of the Merger – NBTB, FRBA, MPB, TCRR

Retrieved on: 
Wednesday, April 5, 2023
Salisbury, Empire, Sale, Acquisition, NBT, MPB, Monteverde, Therapy, Security (finance)

Under the terms of the merger, Salisbury shareholders will receive 0.745 shares of NBT per share they own.

Key Points: 
  • Under the terms of the merger, Salisbury shareholders will receive 0.745 shares of NBT per share they own.
  • It is free and there is no cost or obligation to you.
  • Under the terms of the agreement, Malvern shareholders will receive 0.7733 shares of FRBA and $7.80 in cash per share they own.
  • Under the terms of the agreement, TCRR shareholders are expected to receive 1.5117 shares of Adaptimmune per share they own.

SHAREHOLDER ALERT: The M&A Class Action Firm Continues its Investigation of the Merger – TCRR, MPB, FRBA, NBTB

Retrieved on: 
Wednesday, March 29, 2023
Salisbury, Empire, Sale, Acquisition, NBT, Monteverde, Therapy, MPB, Security (finance)

Under the terms of the agreement, TCRR shareholders are expected to receive 1.5117 shares of Adaptimmune per share they own.

Key Points: 
  • Under the terms of the agreement, TCRR shareholders are expected to receive 1.5117 shares of Adaptimmune per share they own.
  • It is free and there is no cost or obligation to you.
  • NBT Bancorp Inc. (NASDAQ: NBTB ) relating to its proposed merger with Salisbury Bancorp, Inc.
  • Under the terms of the merger, Salisbury shareholders will receive 0.745 shares of NBT per share they own.

SHAREHOLDER ALERT: The M&A Class Action Firm Continues its Investigation of the Merger – NBTB, MPB, TCRR, FRBA

Retrieved on: 
Wednesday, March 22, 2023
Salisbury, Empire, Sale, Acquisition, NBT, Monteverde, Therapy, MPB, Security (finance)

Under the terms of the merger, Salisbury shareholders will receive 0.745 shares of NBT per share they own.

Key Points: 
  • Under the terms of the merger, Salisbury shareholders will receive 0.745 shares of NBT per share they own.
  • It is free and there is no cost or obligation to you.
  • Under the terms of the agreement, TCRR shareholders are expected to receive 1.5117 shares of Adaptimmune per share they own.
  • Under the terms of the agreement, Malvern shareholders will receive 0.7733 shares of FRBA and $7.80 in cash per share they own.

SHAREHOLDER ALERT: The M&A Class Action Firm Continues its Investigation of the Merger – WAFD, MPB, NBTB, TCRR

Retrieved on: 
Wednesday, March 15, 2023
Acquisition, Monteverde, Sale, Therapy, Washington Federal, MPB, Salisbury, WAFD, LBC, Empire, NBT, Security (finance)

Under the terms of the agreement, LBC shareholders will receive 0.3353 shares of Washington per share they own.

Key Points: 
  • Under the terms of the agreement, LBC shareholders will receive 0.3353 shares of Washington per share they own.
  • It is free and there is no cost or obligation to you.
  • Under the terms of the merger, Salisbury shareholders will receive 0.745 shares of NBT per share they own.
  • Under the terms of the agreement, TCRR shareholders are expected to receive 1.5117 shares of Adaptimmune per share they own.