8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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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 15, 2013

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Salisbury Bancorp, Inc.

(Exact name of registrant as specified in its charter)

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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)

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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.

Effective March 1, 2013, Mr. B. Ian McMahon will resign from his position as the Chief Financial Officer and Chief Accounting Officer of Salisbury Bancorp, Inc. (“Salisbury”), NASDAQ Capital Market: “SAL”, and the holding company’s subsidiary Salisbury Bank and Trust Company (the “Bank”). Mr. McMahon will resign to pursue another career opportunity. Mr. McMahon’s resignation is not the result of any disagreement with Salisbury on any matter relating to Salisbury’s operations, policies or practices.

Effective March 1, 2013, the Boards of Salisbury and the Bank have appointed Richard J. Cantele, Jr., President and Chief Executive Officer of Salisbury and the Bank to serve as the Chief Financial Officer and Chief Accounting Officer of the Company and the Bank on an interim basis until the Board announces a permanent replacement. Mr. Cantele will continue to serve as President and Chief Executive Officer of Salisbury and the Bank.

Mr. Cantele is 53 years of age. Mr. Cantele previously served as interim Chief Financial Officer of Salisbury and the Bank from July 2009 through September 2009. Mr. Cantele has been a Director of Salisbury and the Bank since 2005. Mr. Cantele graduated from Fairfield University in 1981 with a Bachelor of Science degree in Finance; and graduated from the Stonier Graduate School of Banking in 1997. Mr. Cantele became President and Chief Executive Officer of Salisbury and the Bank in 2009, prior to which he served as President and Chief Operating Officer of Salisbury and the Bank since 2005. Mr. Cantele has been an executive officer of Salisbury since 2001 and the Bank since 1989.

There are no family relationships between Mr. Cantele and any director or executive officer of Salisbury and Mr. Cantele has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Exhibit No.	Description
99.1	Press release dated February 15, 2013

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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: February 15, 2013	By:	/s/ B. Ian McMahon B. Ian McMahon Chief Financial Officer

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EX-99.1 CHARTER

Friday, February 15, 2013

Company Press Release

Source: Salisbury Bancorp, Inc.

Salisbury Contact: Richard J. Cantele, Jr., President and Chief Executive Officer

860-435-9801 or rcantele@salisburybank.com

FOR IMMEDIATE RELEASE

SALISBURY BANCORP, INC. ANNOUNCES THE RESIGNATION OF ITS CHIEF FINANCIAL OFFICER, B. IAN MCMAHON

Lakeville, Connecticut, February 15, 2013 /GlobeNewswire…..Salisbury Bancorp, Inc. (“Salisbury”), NASDAQ Capital Market: “SAL”, the holding company for Salisbury Bank and Trust Company (the “Bank”), announced that B. Ian McMahon, Executive Vice President and Chief Financial Officer of Salisbury and the Bank, will resign his positions effective March 1, 2013 to pursue another career opportunity. Mr. McMahon has served as Salisbury’s and the Bank’s Chief Financial Officer since September, 2009.

Richard J. Cantele, Jr., President and Chief Executive Officer, will serve as Chief Financial Officer of Salisbury and the Bank on an interim basis until a permanent replacement is announced. Mr. Cantele previously served as interim Chief Financial Officer of Salisbury and the Bank from July 2009 through September 2009.

Richard J. Cantele, Jr., said, “We are grateful to Ian for his capable leadership of Salisbury’s finance function. All of our associates and I will miss our interaction with Ian. We thank him for his service and wish him the very best in his future career.”

Mr. McMahon’s resignation is not the result of any disagreement with Salisbury on any matter relating to Salisbury’s operations, policies or practices.

Background

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.

Forward-Looking Statements

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 and estimates made by management 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 materially from results discussed in the forward-looking statements.