Lakeville, CT – April 24, 2020 – During difficult economic times people turn to their community leaders and bankers for security and solutions. During today’s unprecedented COVID-19 crisis people are faced with fears that extend beyond economic loss. Concerns about personal health, wage loss, debt and long-term community stability are all factors making this one of the nation’s most challenging times.
“As bankers, it is in our DNA to put policies and procedures in place to address all of our customer and community needs despite the challenges,” Salisbury Bank President and CEO Rick Cantele said of the comprehensive response the bank developed to continue services to customers without interruption in a safe and prudent manner. The bank remains open offering all services and stands with the community during this crisis.
Salisbury Bank and its Riverside Division want the community to know that for more than 170 years they have been serving the financial needs of individuals and businesses. During the current crisis, the bank remains fully staffed and available to meet customer needs whether it be via drive-up, bank-by-appointment, or through our mobile banking applications.
Salisbury Bank is standing strong to support their customers. Business has not slowed down, in fact the workload has picked up as normal business continues with deposits, wealth-management services, and lending activities which remain active. As part of the Federal Paycheck Protection Program (PPP), Salisbury Bank recently announced its approval of nearly $86 million in funding, preserving a paycheck for 8,703 people in the local market area. This demonstrates a responsiveness to local needs that Salisbury Bank is uniquely capable of providing to small businesses. “This is really about saving jobs and providing paychecks for all those people who have been affected in our community,” Salisbury Bank President and CEO Rick Cantele said. “This became a responsibility for all of us. Our staff has taken this personally and accepted it as their mission.”
Salisbury remains true to its core identity as the essential financial intermediary in the communities it operates, prudently managing risk and protecting customers’ assets and privacy. The commitment to deliver on these values has enabled the bank to thrive. Salisbury’s continued profitability, growth, and outstanding service has been possible because of the expertise and efforts of its team of capable and caring employees, officers, and directors.
For more information, please visit salisburybank.com or call 860.596.2444.
Salisbury Bank is a full-service community bank headquartered in Lakeville, Connecticut and presently operates full service branches in Canaan, Lakeville, Salisbury, and Sharon, Connecticut; Great Barrington, Sheffield, and South Egremont, Massachusetts; as well as Dover Plains, Fishkill, Millerton, New Paltz, Newburgh, Poughkeepsie, and Red Oaks Mill, New York. The Bank has been serving families and businesses for over 170 years and offers a full range of consumer and business banking products and services as well as trust and investment services.