8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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) June 29, 2012

Salisbury Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Connecticut (State of other jurisdiction of incorporation) 000-24751 (Commission File Number) 06-1514263 (IRS Employer Identification No.)

5 Bissell Street, Lakeville, Connecticut (Address of principal executive offices) 06039 (Zip Code)  

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

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 5. Corporate Governance and Management

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

David B. Farrell was appointed to serve as Director of the Boards of Salisbury Bancorp, Inc. (“Salisbury”) and Salisbury Bank and Trust Company (the “Bank”) effective June 29, 2012.

Mr. Farrell is the CEO of NAPPI International, an organization dedicated to providing superior behavioral safety training through customized consulting and support, and is also CEO and Founder of Farrell & Company, LLC, a management consulting firm devoted to strategy and restructuring. Mr. Farrell graduated from St. Bonaventure University, NY, cum laude, in 1977 with a Bachelor of Science degree in Business and Accounting. He lives with his wife in Sheffield, MA.

Mr. Farrell previously served as President and Chief Executive Officer and member of the board of directors of Bob’s Stores (1999-2008), a retail company headquartered in Meriden, CT (a subsidiary of the TJX Companies), and also previously served as an officer and a director of Berkshire Hills Bancorp (2005-2009), a bank holding company headquartered in Pittsfield, MA.

In addition to serving as a director of Salisbury and the Bank, Mr. Farrell will serve as a member of the Asset Liability/Investment Committee, the Human Resource and Compensation Committee, and the Audit Committee.

Section 8. Other Events

Item 8.01. Other Events

On June 29, 2012, Salisbury issued a press release related to the appointment of David B. Farrell as Director of Salisbury and the Bank effective June 29, 2012.

Section 9. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits.

Exhibit No.	Description
99.1	Press release dated June 29, 2012

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SIGNATURE

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 hereunto duly authorized.

		Salisbury Bancorp, Inc.
Date: June 29, 2012	By:	/s/ B. Ian McMahon
		B. Ian McMahon Chief Financial Officer

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EX-99.1

Exhibit 99.1

NEWS RELEASE

Contact:

Richard J. Cantele, Jr., President and CEO

Salisbury Bank and Trust Company

5 Bissell Street

Lakeville, CT 06039

(860) 435-9801

rcantele@salisburybank.com

FOR IMMEDIATE RELEASE

SALISBURY Bancorp, Inc. announces the APPOINTMENT of NEW DIRECTOR

Lakeville, Connecticut, June 29, 2012/PRNewswire... Salisbury Bancorp, Inc. (“Salisbury”), NYSE Amex Equities: “SAL”, the holding company for Salisbury Bank and Trust Company (the “Bank”), announced the appointment of David B. Farrell as a Director of the Boards of the Company and the Bank effective June 29, 2012.

Mr. Farrell is the CEO of NAPPI International, an organization dedicated to providing superior behavioral safety training through customized consulting and support, and is also CEO and Founder of Farrell & Company, LLC, a management consulting firm devoted to strategy and restructuring. Mr. Farrell graduated from St. Bonaventure University, NY, cum laude, in 1977 with a Bachelor of Science degree in Business and Accounting. He lives with his wife in Sheffield, MA.

Mr. Farrell previously served as President and Chief Executive Officer and member of the board of directors of Bob’s Stores (1999-2008), a retail company headquartered in Meriden, CT (a subsidiary of the TJX Companies), and also previously served as an officer and a director of Berkshire Hills Bancorp (2005-2009), a bank holding company headquartered in Pittsfield, MA.

In addition to serving as a director of Salisbury and the Bank, Mr. Farrell will serve as a member of the Asset Liability/Investment Committee, the Human Resource and Compensation Committee, and the Audit Committee.

“Mr. Farrell brings a wealth of experience, having spent more than 30 years in retail and financial services serving in the capacity of CEO and CFO, and we are extremely pleased to welcome him to our Boards” said Rick Cantele, President and Chief Executive Officer. "Mr. Farrell’s depth of knowledge and skills, particularly in accounting and financial oversight, will enable him to be a strong contributor to our Boards."

Salisbury Bancorp, Inc. is the parent company of Salisbury Bank and Trust Company; a Connecticut chartered commercial bank serving the communities of northwestern Connecticut and proximate communities in New York and Massachusetts, since 1848, through full service branches in Canaan, Lakeville, Salisbury and Sharon, Connecticut, South Egremont and Sheffield, Massachusetts and Dover Plains and Millerton, New York. The Bank offers a full complement of consumer and business banking products and services as well as trust and wealth advisory services.

Statements contained in this news release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and expectations of management as well as the assumptions made using information currently available to management. Since these statements reflect the views of management concerning future events, these statements involve risks, uncertainties and assumptions, including among others: changes in market interest rates and general and regional economic conditions; changes in government regulations; changes in accounting principles; and the quality or composition of the loan and investment portfolios and other factors that may be described in Salisbury’s quarterly reports on Form 10-Q and its annual report on Form 10-K, each filed with the Securities and Exchange Commission, which are available at the Securities and Exchange Commission's internet website (www.sec.gov) and to which reference is hereby made. Therefore, actual future results may differ significantly from results discussed in the forward-looking statements.