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): October 23, 2003
                                                  ----------------

                             SALISBURY BANCORP, INC.
                             -----------------------
               (Exact name of registrant as specified in charter)


       Connecticut                                                06-1514263
- --------------------------------------------------------------------------------
(State or other jurisdiction                                (IRS Employer
of incorporation)                                            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
                                                    --------------







                                       -2-
Form 8-K, Current Report
Salisbury Bancorp, Inc.


Item 12. Results of Operations and Financial Condition
         ---------------------------------------------

     On October 23, 2003, Salisbury Bancorp, Inc. (the "Company") issued a press
release  announcing  its financial  results for the quarter ended  September 30,
2003. The press release is attached as Exhibit 99.1 and is  incorporated  herein
by reference.

     The information in this report (including  Exhibit 99.1) is being furnished
pursuant  to Item 12 and  shall  not be deemed to be  "filed"  for  purposes  of
Section  18 of the  Securities  Exchange  Act of 1934  (the  "Exchange  Act") or
otherwise subject to the liabilities of that section,  nor shall it be deemed to
be  incorporated  by reference in any filing under the Securities Act of 1933 or
the Exchange Act.

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

            99.l     Press release dated October 23, 2003                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:   October 24, 2003                  SALISBURY BANCORP, INC.


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

EX-99.1

                                       -3-

Thursday, October 23, 2003

Company Press Release

Source: Salisbury Bancorp, Inc.

Salisbury Contact: John F. Perotti, President & CEO
860-435-9801 or jp@salisburybank.com
                --------------------

FOR IMMEDIATE RELEASE
October 23, 2003

SALISBURY BANCORP, INC. ANNOUNCES THIRD QUARTER EARNINGS

Lakeville,  Connecticut, October 23,  2003/PRNewswire...Salisbury  Bancorp, Inc.
(AMEX:SAL) the holding  company for Salisbury  Bank and Trust Company  announced
today that net income for the third  quarter of 2003 was  $1,015,635 or $.71 per
share.  This  compares  to 2002 third  quarter  earnings of $978,205 or $.69 per
share.  For the nine  months  ended  September  30,  2003,  net  income  totaled
$3,045,195  or $2.14 as compared to net income of  $2,479,503 or $1.74 per share
for the same nine  months  period  in 2002.  This  improvement  in  earnings  is
primarily  the  result of an  increase  in net  interest  and  dividend  income,
reductions  in interest  expense as well as an  increase  in other  non-interest
income.

The Company  previously  announced a third  quarter  dividend of $.23 per common
share  that will be paid on October  24,  2003 to  shareholders  of record as of
September 30, 2003.  This compares to a $.22 per common share  dividend that was
paid to shareholders for the third quarter of 2002. Year-to-date dividends total
$.69 per common  share for the year 2003.  This  compares to total  year-to-date
dividends  of $.66 per common  share a year ago and  represents  an  increase of
4.6%.

Salisbury  Bancorp's sole  subsidiary,  Salisbury Bank and Trust Company,  is an
independent  community bank with assets in excess of $300 million and capital in
excess  of $28  million,  which  has  served  the  communities  of  northwestern
Connecticut  and  proximate  communities  in  New  York  and  Massachusetts  for
approximately  150 years.  Salisbury Bank and Trust Company is  headquartered in
Lakeville,  Connecticut and operates full service branches in Canaan,  Salisbury
and Sharon,  Connecticut.  The Bank  offers a full  compliment  of consumer  and
business banking products and services as well as trust services.