Effective November 16, 2015, George B. Odlum, Jr. retired as a Class II director due to his attainment of the mandatory retirement age for service as a director of SBT Bancorp, Inc. On November 18, 2015, the Board of Directors of the company elected Peter C. Pabich to the Board as a Class II director to fill the vacancy created by the retirement of George B. Odlum, Jr. as a Class II director effective November 16, 2015. Mr. Pabich currently serves as a director on the Board of Directors of the company's primary operating subsidiary, The Simsbury Bank & Trust Company, Inc., a position that he will retain.