B. Ian McMahon, finance chief at Salisbury Bancorp Inc. the past 3 ½ years, is leaving the northwest Connecticut lender, effective March 1, to pursue another career opportunity, the bank says.
McMahon took over as CFO at Salisbury Bancorp and its subsidiary, Salisbury Bank, in September 2009, the bank said Friday.
President and CEO Richard J. Cantele Jr., who was CFO before McMahon, will add the finance chief duties to his chores until a successor is hired, officials said.
In its statement, the bank declared that McMahon’s impending exit isn’t “the result of any disagreement with Salisbury on any matter relating to Salisbury’s operations, policies or practices.”
McMahon, 53, served as senior vice president of financial planning and analysis from 2008 to 2009 and senior financial consultant from 2006 to 2007 of Doral Financial Corp.
He also served as executive vice president, chief financial officer and treasurer of former NewMil Bancorp Inc., now part of Webster Bank.
Located in the town’s Lakeville section, Salisbury Bank, with $600 million in assets, has Connecticut branches in Canaan, Salisbury and Sharon; South Egremont and Sheffield, Mass.; and Dover Plains and Millerton, N.Y.
