8-K

                       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):        November 24, 1998
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                             SALISBURY BANCORP, INC.
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               (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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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, announced a stock
             repurchase  program to acquire up to approximately  10% of the
             outstanding common stock of the Corporation.

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

             c.       Exhibits.

             99.      Press release dated November 25, 1998

             Exhibit Index                                              Page
             -------------                                              ----

             99.      Press release dated November 25, 1998              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:   December 1, 1998                 SALISBURY BANCORP, INC.


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




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EX-99

                                   EXHIBIT 99

                      PRESS RELEASE DATED NOVEMBER 25, 1998

SALISBURY BANCORP, INC. ANNOUNCES STOCK REPURCHASE PROGRAM

Lakeville,  Connecticut, November 25, 1998/PRNewswire/-The Board of Directors of
Salisbury  Bancorp,  Inc. (Amex: SAL ), the parent company of Salisbury Bank and
Trust Company  announced today that it is commencing a stock repurchase  program
to  acquire  up to  approximately  10% of the  outstanding  common  stock of the
Corporation.  The program will be dependent upon market  conditions and there is
no  guarantee  as to  the  exact  number  of  shares  to be  repurchased  by the
Corporation.

John Perotti,  President and Chief Executive Officer of Salisbury Bancorp, Inc.,
stated that the Board of Directors has authorized the repurchased program, which
is expected to be completed within a year. Mr. Perotti  explained that the Board
of  Directors  considers  the  Corporation's  common  stock to be an  attractive
investment  and that the  repurchase  should help to enhance  shareholder  value
while maintaining  adequate capital for the foreseeable needs of the Corporation
and its subsidiary, Salisbury Bank and Trust Company.

In a separate release today, the Board of Salisbury Bancorp,  Inc. announced the
declaration  of a quarterly  dividend  of $0.11 and a special  dividend of $0.16
payable to shareholders of record as of December 31, 1998.

According to Mr. Perotti, the repurchase generally will be effected through open
market  purchases,  although he did not rule out the  possibility of unsolicited
negotiated transactions or other types of repurchases.

Salisbury  Bancorp's  sole  subsidiary,  Salisbury  Bank and Trust  Company is a
community bank with assets of  approximately  $200 million and capital in excess
of $21 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
Lakeville, Salisbury and Sharon, Connecticut.

Salisbury  Bancorp,  Inc. became the bank holding company for Salisbury Bank and
Trust  Company and began  trading on the American  Stock  Exchange on August 24,
1998 through the  reorganization  in which  shareholders  of Salisbury  Bank and
Trust  Company  exchanged  each share of Bank stock for six shares of the common
stock of Salisbury Bancorp, Inc.





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