EXHIBIT 99.1
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             SALISBURY BANCORP, INC. ANNOUNCES APPROVAL OF MERGER BY
                 SHAREHOLDERS OF CANAAN NATIONAL BANCORP, INC.


(Lakeville,  CT).  August 19, 2004.  Salisbury  Bancorp,  Inc.  (AMEX:SAL),  the
holding company for Salisbury Bank and Trust Company announced that at a meeting
on August 17, 2004, the Shareholders of Canaan National  Bancorp,  Inc. voted to
approve the Merger of Canaan  National  Bancorp,  Inc.  with and into  Salisbury
Bancorp,  Inc. At the Meeting,  Shareholders  of Canaan National  Bancorp,  Inc.
voted to approve the merger. At such meeting,  shareholders  owning 82.3% of the
total shares outstanding voted to approve the merger, which represented over 98%
of the shares represented in person or by proxy at the meeting.

John F. Perotti,  President and Chief  Executive  Officer of Salisbury  Bancorp,
Inc.  stated "We look forward to  consummating  the combination of Salisbury and
Canaan. We expect the combination to be completed September 10, 2004. We believe
the combination of these two community based  institutions will be beneficial to
our respective shareholders, customers and employees, as well as the communities
which we serve."

Salisbury Bancorp, Inc.'s sole subsidiary,  Salisbury Bank and Trust Company, is
an independent  community bank with assets in excess of $300 million and capital
in excess of $27  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 is  headquartered in
Lakeville,  Connecticut and operates full service branches in Canaan,  Salisbury
and Sharon,  Connecticut.  The Bank  offers a full  compliment  of consumer  and
business banking products and services as well as trust services.


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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  assumption  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 the  Company's  quarterly  reports of 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 futures results may different significantly from results discussed in the
forward looking statements.


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