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Capital Offerings Profile

 
Company NameSalisbury Bancorp, Inc.
Offering TypeSubordinated Debt
DescriptionFXD-FRN SUB PIDI 15/12/2025 USD (144A)
ISINUS795226AA76
Currency of IssueUSD

Announcement Date12/10/2015
Completion Date12/10/2015

144a?Yes
Mandatory Redemption?Yes
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
The company intends to use the net proceeds from this offering to redeem the non-cumulative, perpetual preferred stock, series B issued to the United States Treasury in connection with the company's participation in the Small Business Lending Fund program.

UnderwritersShares
Underwritten
Amount
Underwritten
($000)
Placement Agent(s)
  Sandler O'Neill & Partners, L.P.-10,000

Pricing
Gross Amount Offered ($000)10,000
Amount Including Overallotment ($000)10,000
Minimum Denominations/Increments100,000/1,000

Professionals
Issuer's CounselCranmore FitzGerald & Meaney
Underwriter's CounselCovington & Burling LLP


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