SBT Bancorp, Inc. Reports First Quarter 2014 Results
Business Wire - Wed Apr 30, 4:00PM CDT
SBT Bancorp, Inc., (OTCBB: SBTB), holding company for Simsbury Bank & Trust Company, today announced net income of $78,000 or $0.06 per diluted share for the quarter ended March 31, 2014. Excluding a one-time adjustment, net income for the quarter ended March 31, 2014 was $245,000, or $0.25 per diluted share. During the quarter, the Company incurred a one-time cost in the amount of $252,000 (pre-tax) related to the retirement of the Bank's former Chief Financial Officer. Net interest income for the quarter ended March 31, 2014 amounted to $2,887,000, an increase of 8.6% as compared to the quarter ended March 31, 2013. Total gross loans amounted to $278 million, an increase of $38 million or 16% as compared to $240 million on March 31, 2013. Total assets on March 31, 2014 were $405 million compared to $396 million on March 31, 2013.
Simsbury Bank Opens New Home Loan Office in Middlebury
Business Wire - Wed Apr 30, 12:48PM CDT
Simsbury Bank (holding company, SBT Bancorp, Inc., OTCBB: SBTB), is pleased to announce that it has submitted an application to the Department of Banking for approval of a new home loan office to be located in Middlebury, Connecticut.
Simsbury Bank Announces Howard Zern's Retirement and Retail Management Succession
Business Wire - Wed Apr 23, 5:01AM CDT
Simsbury Bank announces that Howard R. Zern, Executive Vice President and Chief Retail Banking, Operations and Technology Officer, plans to retire effective April 30, 2014. Culminating a 40 year career in banking, Mr. Zern directed Simsbury Bank's retail delivery channels including its branches, ATMs and electronic banking services, as well as the Bank's deposit operations, and information technology departments. Since joining the Bank in 2008, Mr. Zern spearheaded many crucial strategic initiatives that contributed to doubling the Bank's deposits to $350 million.
SBT Bancorp declares dividend of USD0.14 per share for quarter
M2 - Mon Feb 24, 7:30AM CST
The board of directors of SBT Bancorp Inc (OTCBB:SBTB) (CUSIP 78391C106), the holding company of Simsbury Bank, approved a common stock cash dividend of USD0.14 per share for the quarter, the company reported on Friday.
SBT Bancorp Announces Quarterly Dividend
Business Wire - Fri Feb 21, 8:31AM CST
The Board of Directors of SBT Bancorp, Inc., (OTCBB: SBTB, CUSIP 78391C106), the holding company of Simsbury Bank, declared on February 19, 2014 a quarterly common stock cash dividend of $0.14 per share. The dividend will be payable on March 14, 2014 to shareholders of record on March 3, 2014.
SBT Bancorp, Inc. Reports Fourth Quarter 2013 Results
Business Wire - Tue Jan 28, 8:00AM CST
SBT Bancorp, Inc., (OTCBB: SBTB), holding company for Simsbury Bank & Trust Company, today announced net income of $132,000 or $0.12 per diluted share for the fourth quarter of 2013, compared to $604,000 or $0.66 per diluted share for the fourth quarter of 2012.
SBT Bancorp and Simsbury Bank's boards name Ann Taylor as director
M2 - Tue Nov 26, 6:12AM CST
The boards of directors of SBT Bancorp (OTCBB:SBTB) and its wholly owned subsidiary Simsbury Bank, approved the election of Ann G Taylor to the respective boards, the company disclosed on Monday.
SBT Bancorp and Simsbury Bank Elect Ann Taylor to Boards of Directors
Business Wire - Mon Nov 25, 10:30AM CST
The Boards of Directors of SBT Bancorp (OTCBB: SBTB) and its wholly owned subsidiary Simsbury Bank, are pleased to announce the election of Ann G. Taylor to the respective boards.
SBT Bancorp names Richard J Sudol as chief financial officer
M2 - Tue Aug 27, 10:01AM CDT
SBT Bancorp Inc (OTCBB:SBTB) (Cusip 78391C106), the holding company of Simsbury Bank, named on Monday Richard J Sudol as the senior vice president and chief financial officer (CFO) of both the Bank and the company.
SBT Bancorp, Inc. Announces Richard J. Sudol's Appointment as Chief Financial Officer
Business Wire - Mon Aug 26, 2:07PM CDT
SBT Bancorp, Inc. (OTCBB: SBTB) (Cusip 78391C106), the holding company of Simsbury Bank, announces that Richard J. Sudol has joined its team as Senior Vice President and Chief Financial Officer of both the Bank and SBT Bancorp, Inc. In this role, Mr. Sudol has overall responsibility for all financial functions of the organization.
SBT Bancorp, Inc. Reports Second Quarter 2013 Results
Business Wire - Fri Jul 26, 1:55PM CDT
SBT Bancorp, Inc., (OTCBB: SBTB), holding company for Simsbury Bank & Trust Company, today announced net income of $401,000 or $0.43 per diluted share for the second quarter of 2013, compared to $453,000 or $0.49 per diluted share for the second quarter of 2012.
SBT Bancorp Announces Retirement Plans of CFO
Business Wire - Wed May 01, 4:10PM CDT
SBT Bancorp, Inc., (OTCBB: SBTB), the holding company for The Simsbury Bank & Trust Company, announced today that Executive Vice President and Chief Financial Officer, Anthony F. Bisceglio, 65, has informed the company of his plans to retire in 2014. Mr. Bisceglio will remain with the company through March 31, 2014 and be available to the company for an extended period thereafter to ensure a seamless transition to his successor.
SBT Bancorp, Inc. Reports Record Earnings
Business Wire - Thu Jan 31, 5:05AM CST
SBT Bancorp, Inc., (OTCBB: SBTB), holding company for Simsbury Bank & Trust Company, today announced net income of $604,000 for the fourth quarter of 2012 compared to $367,000 for the fourth quarter of 2011, an increase of $237,000 or 65%. Net income available to common stockholders after preferred stock dividends and amortization totaled $579,000 for the fourth quarter of 2012, or $0.66 per diluted share, compared to $311,000, or $0.35 per diluted share, for the fourth quarter of 2011, an 89% increase in diluted earnings per share.