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Tuesday, May 28, 2002

Company Press Release

SOURCE: Salisbury Bancorp, Inc.

Salisbury Bancorp, Inc. Announces Second Quarter Dividend

Lakeville,  Connecticut,  May 28,  2002/PRNewswire/-  The Board of  Directors of
Salisbury  Bancorp,  Inc.  (AMEX:SAL),  the parent company of Salisbury Bank and
Trust Company, declared a $.22 per common share quarterly cash dividend at their
May 24,  2002  meeting.  Dividends  year to date for 2002  total $.44 per common
share.  This represents an increase of $.02 or 4.8% over the $.42 per share cash
dividends  paid during the same period of 2001. The quarterly cash dividend will
be paid on July 26, 2002 to shareholders of record as of June 29, 2002.

Salisbury  Bancorp's sole  subsidiary,  Salisbury  Bank and Trust Company,  is a
community  bank with  assets in excess of $270  million and capital in excess of
$23 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  operates  full  service  banking  offices in
Canaan,  Lakeville,  Salisbury and Sharon,  Connecticut.  The Bank offers a full
compliment  of consumer  and business  banking  products and services as well as
trust services.