Banks & Financials: Varet Named Chairman Of Salisbury Bancorp
May 6, 2010 (FinancialWire) — Salisbury Bancorp, Inc. (AMEX: SAL), the holding company for Salisbury Bank and Trust Co., has named Michael A. Varet as chairman of the boards of directors of the company and the bank effective April 30.
Varet has been a director of the company since 1998 and of the bank since 1997. Most recently, Varet served as presiding director of the company and the bank, a position he has held since May of 2007.
According to Salisbury, Varet has performed the functions of chairman since John Perotti's retirement in June of 2009. In this position, Varet's primary responsibilities include leadership of board meetings, preparation of the agenda, presiding over meetings and making committee assignments.
Varet is senior counsel to the law firm of DLA Piper LLP.
Connecticut-based Salisbury Bank and Trust is a Connecticut chartered commercial bank serving the communities of northwestern Connecticut and proximate communities in New York and Massachusetts through branches in Canaan, Lakeville, Salisbury and Sharon, Connecticut, South Egremont and Sheffield, Massachusetts and Dover Plains and Millerton, New York.
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