8-K

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20429

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): February 26, 2001
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                             SALISBURY BANCORP, INC.
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               (Exact name of registrant as specified in charter)


                Connecticut                               06-1514263
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(State or other jurisdiction of incorporation) (IRS Employer Identification No.)

5 Bissell Street, Lakeville, Connecticut                  06039-1868
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(Address of principal executive offices)                  (zip code)


Registrant"s telephone number, including area code:   (860) 435-9801
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                                      -2-

Form 8-K, Current Report
Salisbury Bancorp, Inc.

Item 5.   Other Matters.
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          The Board of Directors of Salisbury Bancorp,  Inc., the parent company
          of  Salisbury  Bank and  Trust  Company,  declared  a $.21  per  share
          quarterly cash dividend for the first quarter of 2001.

          The quarterly  cash dividend will be paid on April 27, 2001 to
          shareholders of record as of March 30, 2001.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.
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          c.       Exhibits.

          99.      Press release dated February 28, 2001

          Exhibit Index                                                 Page
          -------------                                                 ----

          99.      Press release dated February 28, 2001                 3


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereto duly authorized.

Dated:   February 28, 2001                     SALISBURY BANCORP, INC.


                                               By:    /s/ John F. Perotti
                                                  ------------------------------
                                                  John F. Perotti, President and
                                                  Chief Executive Officer

EX-99

Wednesday, February 28, 2001

Company Press Release

Source: Salisbury Bancorp, Inc.

Salisbury Bancorp,  Inc. Announces  Increased Year End Earnings and an Increased
Dividend for Shareholders

Lakeville, Connecticut, February 28,  2001/PRNewswire...Salisbury  Bancorp, Inc.
(AMEX:SAL)  the holding  company for Salisbury  Bank and Trust Company  reported
fourth  quarter  earnings of $845,000 or $.58 per diluted share and net earnings
of $2,849,000  or $1.92 per diluted share for the year ended  December 31, 2000.
This compares to fourth  quarter  earnings of $755,000 or $.50 per diluted share
and net  earnings of  $2,693,000  or $1.78 per diluted  share for the year ended
December 31, 1999. The  improvement in earnings can be attributed to an increase
in net interest income resulting from the growth in earning assets, the movement
of  interest  rates and  management's  continuing  efforts to control  operating
expenses.

During the year 2000,  Salisbury  Bancorp,  Inc.  declared a cash  dividend each
quarter  of $.13 per  share and a year end  special  cash  dividend  of $.25 per
share.  Accordingly,  total  dividends  for the year amounted to $.77 per share.
Recognizing  the  fact  that  the  special  dividend  paid by the  Company  is a
reflection  of earnings  each  quarter,  the Board has  decided to increase  the
Company's  regular  quarterly  dividends in lieu of the declaration of a special
dividend.  At their  February  26, 2001  meeting,  the  Directors  of  Salisbury
Bancorp, Inc. voted to increase the regular quarterly dividend to $.21 per share
beginning  with the first quarter of 2001.  The $.21 per share  dividend will be
paid on April 27, 2001 to shareholders of record as of March 30, 2001.

While the Board anticipates continuing the $.21 per share quarterly dividend and
eliminating  any annual  special  dividends,  resulting in  projected  aggregate
dividends  for 2001 in the amount of $.84 per share,  investors  should be aware
that the  declaration  and  payment  of all  dividends  are  dependent  upon the
condition and earnings of the Company.

Salisbury Bancorp,  Inc. became the holding company for Salisbury Bank and Trust
Company on August 24, 1998.  The Bank is a community bank operating full service
banking offices in Lakeville,  Salisbury and Sharon,  Connecticut. It has served
the  communities of Northwestern  Connecticut  and proximate  communities in New
York and Massachusetts for approximately 150 years.