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):     February 28, 2003
                                                  ------------------------


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


                  Connecticut                                    06-1514263
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 (State or other jurisdiction of incorporation)                 (IRS Employer
                                                             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
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                                       -2-
Form 8-K, Current Report
Salisbury Bancorp, Inc.

Item 5.   Other Matters.
          --------------
          The Board of Directors of Salisbury Bancorp,  Inc., the parent company
          of  Salisbury  Bank and  Trust  Company,  declared  a $.23  per  share
          quarterly cash dividend for the first quarter of 2003.

          The  quarterly  cash  dividend  will  be  paid on  April  25,  2003 to
          shareholders of record as of March 31, 2003.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.
          -------------------------------------------------------------------
          c. Exhibits.

          99. Press release dated March 4, 2003

          Exhibit Index                                                  Page
          -------------                                                  ----
          99.      Press release dated March 4, 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:   March 4, 2003                         SALISBURY BANCORP, INC.


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





                                       -3-


Tuesday March 4, 2003

Company Press Release

Source: Salisbury Bancorp, Inc.

Salisbury  Bancorp,  Inc.  Announces Year End Earnings and an Increased Dividend
for Shareholders

Lakeville,  Connecticut,  March  4,  2003/PRNewswire...Salisbury  Bancorp,  Inc.
(AMEX:SAL)  the holding  company for Salisbury  Bank and Trust Company  reported
fourth  quarter  earnings of  $719,000  or $.51 per diluted  share and total net
earnings of $3,199,000  or $2.25 per diluted  share for the year ended  December
31,  2002.  This  compares  to fourth  quarter  earnings of $730,000 or $.51 per
diluted  share and total net earnings of  $2,901,000  or $2.03 per diluted share
for the year ended December 31, 2001. The improvement in net income is primarily
the result of growth in earning  assets that have  produced an increase in total
net interest income coupled with an increase in total non interest income.

During the year 2002,  Salisbury Bancorp,  Inc. declared cash dividends totaling
$.88 per common share  outstanding.  This compares to total  dividends  declared
during  2001 of  $.84  per  common  share  outstanding  and  represents  a 4.76%
increase.  At their  February  28, 2003  meeting,  the  Directors  of  Salisbury
Bancorp, Inc. declared a first quarter dividend of $.23 per share. This compares
to a $.22 per share cash  dividend  that was paid  during  the first  quarter of
2002. The $.23 per share dividend will be paid on April 25, 2003 to shareholders
of record as of March 31, 2003.

Salisbury  Bancorp,  Inc is the  holding  company for  Salisbury  Bank and Trust
Company which is a community  bank  operating  full service  banking  offices in
Canaan,  Lakeville,  Salisbury  and  Sharon,  Connecticut.  It  has  served  the
communities of Northwestern  Connecticut  and proximate  communities in New York
and Massachusetts for approximately 150 years.