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): September 19, 2006

                             SLADE'S FERRY BANCORP
             (Exact name of registrant as specified in its charter)

         Massachusetts                  000-23904                 04-3061936
(State or other jurisdiction        (Commission File            (IRS Employer
      of incorporation)                  Number)             Identification No.)

      100 Slade's Ferry Avenue, PO Box 390, Somerset, Massachusetts 02726
              (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (508) 675-2121

                                 Not Applicable
         (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 (see General Instruction A.2. below):

[ ]   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))


Item 5.02  Departure of Directors or Principal Officers; Election of Directors;
           Appointment of Principal Officers

(d)   On September 19, 2006, Slade's Ferry Bancorp (the "Company") appointed
      William J. Piccerelli to the Company's Board of Directors. Mr.
      Piccerelli, age 61, is a certified public accountant and a founder of and
      partner in the accounting firm of Piccerelli, Gilstein & Co., LLP in
      Providence, Rhode Island.

      Mr. Piccerelli will serve on the Company's Audit Committee. The Company's
      Board of Directors has determined that Mr. Piccerelli qualifies as an
      "audit committee financial expert" as defined by the rules and
      regulations of the Securities and Exchange Commission.

      A copy of the Company's press release announcing the foregoing is
      attached is Exhibit 99.1 hereto.

Item 9.01  Financial Statements and Exhibits.

(d)   Exhibits

      99.1      Press release of Slade's Ferry Bancorp dated September 25, 2006.


                                   SIGNATURES

      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.


                                         SLADE'S FERRY BANCORP
                                         ---------------------
                                         (Registrant)


                                  By:    /s/ Deborah A. McLaughlin
                                         ----------------------------------
                                  Name:  Deborah A. McLaughlin
                                  Title: Executive Vice President and Chief
                                         Financial Officer/Chief Operations
                                         Officer

Date:  September 25, 2006

EX-99

Exhibit 99.1

                                                        CONTACT: Mary K. Talbot
                                                                 (401) 245-8819

               PICCERELLI NAMED DIRECTOR OF SLADE'S FERRY BANCORP

      SOMERSET, MASSACHUSETTS, (September 25, 2006): Slade's Ferry Bancorp
(NASDAQ Capital Market: SFBC) has named William J. Piccerelli, CPA, CVA of
Barrington, Rhode Island to its board of directors.

      "We're pleased to be able to add the financial expertise, political savvy
and regional knowledge that Bill brings to our distinguished board," said Paul
Downey, lead director.

      Piccerelli is a partner with the firm of Piccerelli, Gilstein & Company,
LLP in Providence, Rhode Island. He has more than 40 years of experience in the
field of public accounting and has served as president of the Rhode Island
Society of Certified Public Accountants, as president of the Providence chapter
of the National Association of Accountants, and as a member of the American
Institute of Certified Public Accountants area legislative committee. In
recognition of his distinguished service to the profession, Piccerelli was
awarded the Rhode Island Society of Certified Public Accountant's Centennial
Award in 2005.

      In addition to his professional contributions, Piccerelli has actively
volunteered his financial expertise to a wide variety of charitable causes
throughout his career. Currently, he is treasurer of the Barrington Citizens
Scholarship Foundation and the Golf Foundation of Rhode Island at Button Hole,
in addition to serving as a financial advisor to the Billy Andrade/Brad Faxon
Charities for Children. He has also previously served as chairman of the board
of management at the Bayside Family YMCA, as treasurer of the Barrington Heart
Fund, as an officer and past president of the board of governors of Rhode
Island Country Club, as an officer of Renaissance 2000, as a board member of
Sloop Providence and as a trustee of the Providence Public Library.

      Ever active on the political scene, Piccerelli was a Rhode Island state
representative, treasurer of the Rhode Island state Democratic committee and a
member of the Town of Barrington's appropriations committee.

      Slade's Ferry Bancorp was founded to serve community-banking needs with
both personal and commercial products and services. With more than $605 million
in assets and nine retail branches in Southeastern Massachusetts, Slade's Ferry
is a trusted community partner to both business and personal banking customers.
Traded on the NASDAQ Capital Market as SFBC, Slade's Ferry Bancorp can also be
found on the web at www.sladesferry.com and in seven Massachusetts communities
- - Assonet, Fairhaven, Fall River, New Bedford, Seekonk, Somerset and Swansea.

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