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 24, 2002

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

        Connecticut                                          06-1514263
(State or other jurisdiction                             (IRS Employer
of incorporation)                                         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


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 $.22 per
            share quarterly cash dividend for the second quarter of 2002.

            The  quarterly  cash  dividend  will be paid  on  July  26,  2002 to
            shareholders of record as of June 29, 2002.

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

            c.   Exhibits.

            99.  Press release dated May 28, 2002

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

            99.      Press release dated May 28, 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:   May 28, 2002                      SALISBURY BANCORP, INC.

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