SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    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):     September 14, 2001
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                             SALISBURY BANCORP, INC.
                      -------------------------------------
               (Exact name of registrant as specified in charter)


         Connecticut                                    06-1514263
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(State or other jurisdiction of               (IRS Employer Identification No.)
        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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Form 8-K, Current Report
Salisbury Bancorp, Inc.

Item 5.   Other Matters.
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               Salisbury  Bank and Trust Company,  a wholly-owned  subsidiary of
               Salisbury  Bancorp  Inc.  completed  its  acquisition  of certain
               assets and certain liabilities of the Canaan, CT branch office of
               People's Bank ("People's"),  a Connecticut savings bank. Pursuant
               to the transaction, Salisbury assumed approximately $26.4 million
               in deposits  and  acquired  approximately  $ .12 million in loans
               along with the branch  office  facilities  and certain  furniture
               fixtures and equipment. The transaction was consummated effective
               5:00 p.m. on September 14, 2001.

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

               99. Press Release dated September 17, 2001

               Exhibit Index                                         Page
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               99.  Press Release dated September 17, 2001             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 17, 2001                 SALISBURY BANCORP, INC.



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

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