Salisbury Bank Announces New Board Chair, David B. Farrell

May 31, 2019

Salisbury Bank is pleased to announce that David B. Farrell was recently appointed Chairman of the Boards of both Salisbury Bank and Trust Company (the “Bank”) as well as its holding company, Salisbury Bancorp, Inc. (“Salisbury”), NASDAQ: “SAL”. In this role, Mr. Farrell will be responsible for leading the Board of Directors in fulfilling Board and Committee responsibilities in accordance with the charters and bylaws in a manner that promotes the profitability, growth, and safety and soundness of the Bank.

David B. Farrell has been a director of the Bank and Salisbury since June of 2012. Mr. Farrell graduated from St. Bonaventure University, cum laude, in 1977 with a B.S. degree in Business and Accounting. He was formerly a Certified Public Accountant in New York State. Mr. Farrell is the Chief Executive Officer of NAPPI International, an organization providing behavioral training through customized counseling and support. He is also Chief Executive Officer and Founder of Farrell & Company, LLC, a management consulting firm. Mr. Farrell previously served as President and Chief Executive Officer and member of the board of directors of Bob’s Stores (1999-2008) and previously served as an officer and director of Berkshire Hills Bancorp (2005-2009).

"We are extremely pleased to have David as our incoming Chair,” said Rick Cantele, President and CEO. “Over the past 7 years, David has earned the respect and confidence of his peers and was unanimously selected by them to lead our Company into the future. His education and experience in the retail and financial services industries, particularly his extensive background in accounting and financial oversight, as well as his prior experience as a director of another financial institution provides valuable knowledge and insight to Salisbury and the Bank.”

David resides in Sheffield, MA with his wife Mary. Their children, Molly and Jake, are both residents of Boston.

Salisbury Bank is a full-service community bank headquartered in Lakeville, Connecticut and presently operates full service branches in Canaan, Lakeville, Salisbury, and Sharon, Connecticut; Great Barrington, Sheffield, and South Egremont, Massachusetts; as well as Dover Plains, Fishkill, Millerton, New Paltz, Newburgh, Poughkeepsie, and Red Oaks Mill, New York. The Bank has been serving families and businesses for over 170 years and offers a full range of consumer and business banking products and services as well as trust and investment services.


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