The Department of Banking News Bulletin

Bulletin # 2082
Week Ending January 16, 2004

This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be in writing to John P. Burke, Commissioner of Banking, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail to john.burke@ct.gov. Written comments will be considered only if they are received within ten days from the date of this bulletin.

ACQUISITION AND MERGER

On January 16, 2004, Salisbury Bancorp, Inc., a Connecticut corporation, filed an acquisition statement, pursuant to Section 36a-184 of the Connecticut General Statutes, for the acquisition of Canaan National Bancorp, Inc., a Delaware corporation, and the indirect acquisition of its wholly-owned subsidiary, The Canaan National Bank, a national bank with its main office located in Canaan, Connecticut. In conjunction with this transaction, Salisbury Bancorp, Inc.’s wholly-owned subsidiary, Salisbury Bank and Trust Company, a Connecticut bank, filed an application pursuant to Section 36a-126(a) of the Connecticut General Statutes for the subsequent merger of The Canaan National Bank with and into Salisbury Bank and Trust Company.

MONEY TRANSMITTER LICENSE ACTIVITY

On January 16, 2004, pursuant to Section 36a-600 of the Connecticut General Statutes, Socatransfer New York Inc. d/b/a Socatransfer, Brooklyn, New York, filed an application to engage in the business of money transmission.