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In the News Press Release

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
T: (860) 275 0368
New Jersey Hartford Stamford Greenwich New Haven West Hartford Boston
New York Washington, DC Providence Boca Raton Miami West Palm Beach

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This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.