SALISBURY BANCORP INC
8-K, 2000-05-23
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                       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):   May 19, 2000



                             SALISBURY BANCORP, INC.
                -------------------------------------------------
               (Exact name of registrant as specified in charter)


                  Connecticut                                06-1514263
- --------------------------------------------------------------------------------
(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>

Form 8-K, Current Report
Salisbury Bancorp, Inc.

Item 5.     Other Events.
            -------------

            The Board of  Directors  of  Salisbury  Bancorp,  Inc.,  the  parent
            company of Salisbury  Bank and Trust  Company,  declared a $0.13 per
            common share quarterly cash dividend at their May 19, 2000 meeting.

            The dividend will be paid on July 28, 2000 to shareholders of record
            as of June 30, 2000.

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

            c.       Exhibits.

            99.      Press release dated May 22, 2000

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

            99.      Press release dated May 22, 2000                   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:   May 23, 2000                      SALISBURY BANCORP, INC.


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


                                       -2-



Monday, May 22, 2000

Company Press Release

Source: Salisbury Bancorp, Inc.

Salisbury Bancorp, Inc. Announces Second Quarter Dividend

Lakeville,  Connecticut,  May 22,  2000/PRNewswire/-The  Board of  Directors  of
Salisbury  Bancorp,  Inc.  (AMEX:SAL),  the parent company of Salisbury Bank and
Trust Company,  declared a $0.13 per share  quarterly cash dividend at their May
19, 2000 meeting. Dividends year to date for 2000 total $ 0.26 per common share.
This represents an increase of $ 0.02 or 8.3% over the $0.24 per share dividends
paid during the same period of 1999.The  quarterly cash dividend will be paid on
July 28, 2000 to shareholders of record as of June 30, 2000.

Salisbury  Bancorp's sole  subsidiary,  Salisbury  Bank and Trust Company,  is a
community  bank with  assets in excess of $200  million and capital in excess of
$20 million,  which has served the communities of  Northwestern  Connecticut and
proximate communities in New York and Massachusetts for approximately 150 years.
The bank has a full  service  Trust  Department  and offers  commercial  banking
products  and  services  through  three  full  service  offices  in the Towns of
Lakeville, Salisbury, and Sharon, Connecticut.

                                       -3-


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