Daily News: June 28, 2019

Simsbury Bank to Merge with Liberty Bank

The board of directors of SBT Bancorp, the holding company of Simsbury Bank, approved the merger between Liberty Bank, SBT Bancorp and The Simsbury Bank & Trust. The proposed merger is currently before the applicable regulators for their approval.

Robert J. Bogino, chairman of the SBT Bancorp and Simsbury Bank boards, said, “This favorable shareholder vote is a critical milestone on the way to the finalization of the merger with Liberty Bank. The shareholders clearly agree with the Board that this strategic action is in the best long term interests of shareholders, customers, the community and most of our employees.”

Simsbury Bank is an independent, community bank for consumers and businesses based in Connecticut. Simsbury Bank Home Loans is a division of Simsbury Bank serving the home financing needs of consumers throughout Southern New England. Simsbury Bank is wholly-owned by publicly traded SBT Bancorp.