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):      August 30, 2002
                                                  -----------------------


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


       Connecticut                                        06-1514263
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(State or other jurisdiction                   (IRS Employer Identification No.)
of incorporation)


   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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                                       -2-
Form 8-K, Current Report
Salisbury Bancorp, Inc.

Item 5.   Other Matters.
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          The Board of Directors of Salisbury Bancorp,  Inc., the parent company
          of  Salisbury  Bank and  Trust  Company,  declared  a $.22  per  share
          quarterly cash dividend for the third quarter of 2002.

          The  quarterly  cash  dividend  will be paid on  October  25,  2002 to
          shareholders of record as of September 30, 2002.

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

          c.       Exhibits.

          99.      Press release dated September 3, 2002

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

          99.      Press release dated September 3, 2002                     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:   September 3, 2002                 SALISBURY BANCORP, INC.


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





                                       -3-
Tuesday, September 3, 2002

Company Press Release

Source: Salisbury Bancorp, Inc.

Salisbury Bancorp, Inc. Announces Third Quarter Dividend

Lakeville, Connecticut, September 3, 2002/PRNewswire/- The Board of Directors of
Salisbury  Bancorp,  Inc.  (AMEX:SAL),  the parent company of Salisbury Bank and
Trust Company, declared a $.22 per common share quarterly cash dividend at their
August 30, 2002 meeting.  Dividends  year-to-date for 2002 total $.66 per common
share.  This represents an increase of $.03 or 4.8% over the $.63 per share cash
dividends  paid during the same period of 2001. The quarterly cash dividend will
be paid on October 25, 2002 to shareholders of record as of September 30, 2002.

Salisbury  Bancorp's sole  subsidiary,  Salisbury  Bank and Trust Company,  is a
community  bank with  assets in excess of $280  million and capital in excess of
$25 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
Canaan,  Lakeville,  Salisbury and Sharon,  Connecticut.  The Bank offers a full
compliment  of consumer  and business  banking  products and services as well as
trust services.