January 22, 2010

Michael T. Sheahan, Vice President and Mortgage & Consumer Loan Department Head

Simsbury Bank announces that Michael T. Sheahan has joined its team as Vice President and Mortgage & Consumer Loan Department Head.  In this role, Mr. Sheahan will lead the Bank's mortgage and consumer lending sales and service including origination, underwriting and processing, and compliance.

Martin J. Geitz, President and CEO of Simsbury Bank, said, "We are very pleased to have Mike join our team.  The Bank is in a strong position to help consumers with our great mortgage and home equity loans during these economically challenging times.   Mike's leadership will not only allow us to continue to be among the leading mortgage and home equity lenders in our core market but also to broaden our service to a wider market."  Mr. Sheahan said, "I am delighted to join Simsbury Bank.  In these difficult times, I am pleased to be a part of an organization that is actively lending and helping strengthen the households and communities it serves.  I share the Bank's personalized and consultative approach which works well to ensure that people achieve their goals with appropriate financial support." 

Prior to joining Simsbury Bank, Mike was the Mortgage Lending Division Head at Webster Financial.  Prior to that, he had a long career in mortgage and consumer financial services and online services with Shawmut Bank, Meca Software, and Centerbank Mortgage.  Mike is a graduate of the University of Connecticut and of the Mortgage Bankers Association’s School of Mortgage Banking and holds a CPA designation.  Mike is a volunteer supporting participation in high school athletics and youth counseling.

SBT Bancorp Inc.’s wholly owned subsidiary, Simsbury Bank, is an independent, locally-controlled, customer-friendly commercial bank for businesses and consumers.  The Bank has approximately $275 million in assets.  The Bank serves customers through full-service offices in Avon, Bloomfield, Granby and Simsbury, Connecticut; SBT Online internet banking at simsburybank.com; free ATM transactions at 2,800 machines throughout the northeastern U.S. via the SUM program; and 24 hour telephone banking.  The Bank’s wholly-owned subsidiary, SBT Investment Services, Inc., offers securities and insurance products through LPL Financial and its affiliates, Member FINRA/SIPC.  SBT Bancorp, Inc. is traded over-the-counter under the ticker symbol of OTCBB: SBTB.  For more information, visit www.simsburybank.com.