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, declared an $0.11
per share quarterly cash dividend and a $0.16 per share
special cash dividend at their November 24, 1998 Board
meeting.
The quarterly cash dividend will be paid on January 29, 1999
to shareholders of record as of December 31, 1998.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
c. Exhibits.
99. Press release dated November 25, 1998
Exhibit Index Page
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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
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John F. Perotti, President and
Chief Executive Officer
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EXHIBIT 99
PRESS RELEASE DATED NOVEMBER 25, 1998
SALISBURY BANCORP, INC. DECLARES QUARTERLY DIVIDEND AND SPECIAL DIVIDEND
Lakeville, Connecticut, November 25, 1998/PRNewswire/-The Board of Directors of
Salisbury Bancorp, Inc. (Amex: SAL - news), the parent company of Salisbury Bank
and Trust Company declared a $0.11 per share quarterly cash dividend and a $0.16
per share special dividend at their November 24, 1998 meeting.
The quarterly cash dividend and special dividend will be paid on January 29,
1999 to shareholders of record as of December 31, 1998. Total dividends declared
by Salisbury Bancorp, Inc. during 1998 represent $.60 per share as compared with
$.52 per share in 1997.
In a separate release today, the Board of Salisbury Bancorp, Inc. announced a
stock repurchase program.
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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