Simsbury Bank, subsidiary of SBT Bancorp, Inc. (OTCBB:  SBTB), is pleased to announce that John A. Beir has joined its team as a Vice President and Senior Relationship Manager.  In this role, Mr. Beir will be focused on managing commercial borrower relationships including handling all credit related activities and expansion of those relationships to support achievement of the clients’ goals.  He will also support other branch-focused managers who are not credit product specialists with commercial loan underwriting, structuring, documentation, closing and monitoring support.

Martin Geitz, President and Chief Executive Officer, said, “We are very pleased to have John join us.  He brings a wealth of commercial and industrial banking knowledge and relationship management experience.  His prior banking and other lending experience, as well as his perspective as a former business owner, provide him the skills to bring finely tuned financial guidance to our customers’ businesses, from manufacturing to the service industries.”

Mr. Beir said, “I am very excited to join Simsbury Bank.  I am pleased to join a community bank with a high-profile presence serving small to medium sized and family owned businesses and am pleased to utilize my commercial relationship management skills on behalf of Simsbury Bank’s customers.  I share Simsbury Bank’s commitment to being a trusted advisor to its customers.”

Mr. Beir has 38 years of banking, commercial lending and business ownership experience.  Most recently he was Vice President, Business Banking Officer, with Union Savings Bank.  Prior to that he was with the Community Economic Development Fund, Connecticut Innovations and had a long career with Connecticut National Bank/Fleet Bank.  He was also president and owner of a manufacturing company for several years. Mr. Beir resides in Collinsville.

 

Simsbury Bank is a Central Connecticut based independent, community bank for businesses and consumers. Simsbury Bank Home Loans is a division of Simsbury Bank serving the home financing needs of consumers.  The Bank’s wholly-owned subsidiary, SBT Investment Services, Inc., offers securities and insurance products through LPL Financial and its affiliates, Member FINRA/SIPC. Simsbury Bank is wholly-owned by publicly traded SBT Bancorp, Inc., whose stock is traded on the OTC Pink marketplace under the ticker symbol of SBTB.  For more information, visit www.simsburybank.com.

Certain statements in this press release, including statements regarding the intent, belief or current expectations of SBT Bancorp, Inc., The Simsbury Bank & Trust Company, or their directors or officers, are “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995).  Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

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