Wednesday, February 27, 2002

Company Press Release

Source: Salisbury Bancorp, Inc.

Salisbury  Bancorp,  Inc.  Announces Year End Earnings and an Increased Dividend
for Shareholders

Lakeville, Connecticut, February 27,  2002/PRNewswire...Salisbury  Bancorp, Inc.
(AMEX:SAL),  the holding company for Salisbury Bank and Trust Company,  reported
fourth  quarter  earnings of $730,000 or $.51 per diluted share and net earnings
of $2,901,000  or $2.03 per diluted share for the year ended  December 31, 2001.
This compares to fourth  quarter  earnings of $845,000 or $.58 per diluted share
and net  earnings of  $2,849,000  or $1.92 per diluted  share for the year ended
December  31,  2000.  The overall  increase in earnings for the year 2001 can be
attributed to an increase in net interest  income  resulting  from the growth in
earning  assets,  the  movement of interest  rates and  management's  continuing
efforts to control operating expenses.

During the year 2001,  Salisbury Bancorp,  Inc. declared cash dividends totaling
$.84 per common share  outstanding.  This compares to total  dividends  declared
during  2000 of  $.77  per  common  share  outstanding  and  represents  a 9.09%
increase.  At their  February  25, 2002  meeting,  the  Directors  of  Salisbury
Bancorp,  Inc.  declared a first quarter cash  dividend of $.22 per share.  This
compares  to a $.21 per  share  cash  dividend  that was paid  during  the first
quarter of 2001.  The $.22 per share  dividend will be paid on April 26, 2002 to
shareholders of record as of March 29, 2002.

Salisbury  Bancorp,  Inc. is the holding  company for  Salisbury  Bank and Trust
Company which is a community  bank  operating  full service  banking  offices in
Canaan,  Lakeville,  Salisbury  and  Sharon,  Connecticut.  It  has  served  the
communities of Northwestern  Connecticut  and proximate  communities in New York
and Massachusetts for approximately 150 years.


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