The Board of Directors of SBT Bancorp, Inc., (OTCBB: SBTB, CUSIP
78391C106), the holding company of Simsbury Bank, declared on November
20, 2012 a quarterly common stock cash dividend of $0.14 per share, an
increase of $0.02 or 17%, The dividend will be payable on December 17,
2012 to shareholders of record on December 3, 2012.
Robert J. Bogino, Chairman of the SBT Bancorp and Simsbury Bank boards,
said, “The directors of SBT Bancorp are very pleased to reward our
shareholders with an increase in our quarterly dividend. Strategies we
have implemented over the past several years are producing solid
earnings growth. We are confident in the Company’s strong future. Over
the coming months and quarters, the focus of SBT Bancorp and Simsbury
Bank will be on enhancing shareholder value through building profitable
banking relationships, diversifying sources of revenue, and serving our
customers’ full range of financial services needs. We thank our
shareholders for supporting SBT Bancorp.”
Simsbury Bank is an independent, local bank for consumers and businesses
with region-wide strength in mortgage and commercial banking. The Bank
serves customers through full-service offices in Avon, Bloomfield,
Granby and Simsbury, Connecticut; mortgage loan originators throughout
Connecticut and a mortgage loan production office in Canton,
Connecticut; commercial bankers covering Central Connecticut; Simsbury
Bank Online internet banking at simsburybank.com; free ATM transactions
at hundreds of machines throughout the northeastern U.S. via the SUM
program; and 24 hour telephone banking. The Bank’s wholly-owned
subsidiary, SBT Investment Services, Inc., offers securities and
insurance products through LPL Financial and its affiliates, Member
FINRA/SIPC. Simsbury Bank is wholly-owned by publicly traded SBT
Bancorp, Inc. Its stock is traded over-the-counter under the ticker
symbol of OTCBB: SBTB. For more information, visit www.simsburybank.com.
Certain statements in this press release, including statements regarding
the intent, belief or current expectations of the Company, its directors
or its officers, are “forward-looking” statements (as such term is
defined in the Private Securities Litigation Reform Act of 1995).
Because such statements are subject to risks and uncertainties, actual
results may differ materially from those expressed or implied by such
forward-looking statements.
