SIMSBURY, Conn.--(BUSINESS WIRE)--The Board of Directors of SBT Bancorp, Inc., (OTC Pink: SBTB, CUSIP 78391C106), the holding company of Simsbury Bank, declared on May 24, 2018 a quarterly common stock cash dividend of $0.15 per share. The dividend will be payable on June 22, 2018 to shareholders of record on June 11, 2018.
Robert J. Bogino, Chairman of the SBT Bancorp and Simsbury Bank boards, said, "Over the past several quarters the Bank has effected measures which have resulted in solid earnings growth. Your Board of Directors is pleased to announce this quarterly dividend and expresses appreciation for the continued support of our shareholders."
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, Inc., whose stock is traded on the OTC Pink marketplace under the ticker symbol of SBTB. For more information, visit www.simsburybank.com.
Certain statements in this press release, including statements regarding the intent, belief or current expectations of SBT Bancorp, Inc., The Simsbury Bank & Trust Company, or their directors or 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.