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): August 24, 1998
-------------------
SALISBURY BANCORP, INC.
-----------------------------------------------
(Exact name of registrant as specified in charter)
Connecticut 06-0521260
- ---------------------------------------------- ---------------------------------
(State or other jurisdiction of incorporation) (IRS Employer Identification No.)
5 Bissell Street, Lakeville, Connecticut 06039-1868
- ------------------------------------------- -----------------------
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (860) 435-9801
--------------
<PAGE>
-2-
Form 8-K, Current Report
Salisbury Bancorp, Inc.
Item 5. Other Matters.
-------------
Pursuant to the terms of the Agreement and Plan of
Reorganization, dated as of April 22, 1998 (the
"Reorganization Agreement") by and between Salisbury Bancorp,
Inc. (the "Company"), a Connecticut corporation, and Salisbury
Bank and Trust Company (the "Bank"), a Connecticut chartered
commercial bank, on August 24, 1998, the Company acquired all
of the outstanding shares of the Bank's Common Stock. The
Company will operate the Bank under its existing name and
charter as a separate bank subsidiary of the Company.
The Reorganization became effective on Monday, August 24, 1998
(the "Effective Time").
At the Effective Time, each share of the Bank's Common Stock
issued and outstanding immediately prior to the Effective Time
was converted into the right to receive six (6) shares of the
Company's Common Stock in exchange for each share of the
Bank's Common Stock.
The Company's Common Stock began trading on the American Stock
Exchange ("Amex") on August 24, 1998, under the symbol "SAL".
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
-------------------------------------------------------------------
c. Exhibits
2. Agreement and Plan of Reorganization, dated as of April
22, 1998 (incorporated herein by reference to Exhibit 2.1
to the Company's registration statement on Form S-4, File
No. 333-50857).
<PAGE>
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: August 24, 1998 SALISBURY BANCORP, INC.
By: /S/John F. Perotti
-------------------------------
John F. Perotti, President and
Chief Executive Officer
