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Day Pitney Advises SBT Bancorp in Offering to Expand

Publisher: Day Pitney Press Release
November 10, 2015

Hartford, Conn, November 10, 2015 – Day Pitney is advising SBT Bancorp, Inc. (OTCQX: SBTB), the holding company for The Simsbury Bank & Trust Company, Inc. today in pricing a $8.4 million offering of 400,000 shares of its common stock at a public offering price of $21.00 per share.

SBT Bancorp intends to use the net proceeds of the offering to support the bank’s growth, including the expansion into the West Hartford, Connecticut market through the opening of a new branch office, the growth of the bank’s loan portfolio and for other general corporate purposes.

Financial services partner Robert Taylor and senior counsel Richard Leu are leading the Day Pitney team on this transaction.


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Related Professionals
Robert Taylor
Robert M. Taylor III
Hartford, CT
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