Salisbury Bancorp calls subordinated debt securities due 2025 at par

By Marisa Wong

Los Angeles, April 23 – Salisbury Bancorp, Inc. plans to redeem all of its subordinated debt securities issued on Dec. 15, 2015 and due Dec. 15, 2025, according to a press release.

The securities will be redeemed on May 28 at par plus accrued interest.

The redemption will be funded with a portion of the proceeds from a recent private placement of subordinated debt.

The holding company for Salisbury Bank and Trust Co. is based in Lakeville, Conn.

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