SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20429
FORM 8-K0
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, 1999
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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 a $0.12 per
share quarterly cash dividend and a $0.22 per share special cash
dividend at their November 24, 1999 Board meeting.
The quarterly cash dividend will be paid on January 28, 2000 to
shareholders of record as of December 31, 1999.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
c. Exhibits.
99. Press release dated November 24, 1999
Exhibit Index Page
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99. Press release dated November 24, 1999 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: November 29, 1999 SALISBURY BANCORP, INC.
By: /s/ John F. Perotti
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John F. Perotti, President and
Chief Executive Officer
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Wednesday, November 24, 1999
Company Press Release
SOURCE: Salisbury Bancorp, Inc.
Salisbury Bancorp, Inc. Declares Quarterly Dividend and Special Dividend
Lakeville, Connecticut, November 24, 1999/ PRNewswire/-The Board of Directors of
Salisbury Bancorp, Inc. (AMEX:SAL), the parent company of Salisbury Bank and
Trust Company, declared a $0.12 per share quarterly cash dividend at their
November 24, 1999 meeting. The Board also declared a special cash dividend of
$.22 per share. The total dividend of $.34 per share will be paid on January 28,
2000 to shareholders of record as of December 31, 1999.
The Company declared cash dividends totaling $.60 per share for the year 1998.
Dividends declared for 1999 total $.70 per share which represents an increase of
16.7% when comparing the two years.
Salisbury Bancorp's sole subsidiary, Salisbury Bank and Trust Company, is a
community bank with assets in excess of $217 million and capital in excess of
$19 million, headquartered in Northwestern Connecticut, which offers full
financial services to the communities it services in Connecticut, Massachusetts
and New York.
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