Exhibit 99.1


Monday, March 1, 2004

Company Press Release

Source: Salisbury Bancorp, Inc.

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

Lakeville,  Connecticut,  March  1,  2004/PRNewswire...Salisbury  Bancorp,  Inc.
(AMEX:SAL),  the holding company for Salisbury Bank and Trust Company,  reported
fourth  quarter  net  income of  $795,000  or $.57 per  share and net  income of
$3,840,000  or $2.70  per share  for the year  ended  December  31,  2003.  This
compares  to fourth  quarter  net income of  $749,000  or $.52 per share and net
income of  $3,199,000  or $2.25 per share for the year ended  December 31, 2002.
The  improvement  in net income is  primarily  the result of an  increase in net
interest  and  dividend  income,  reductions  in interest  expense as well as an
increase in other non interest income.

During the year 2003,  Salisbury Bancorp,  Inc. declared cash dividends totaling
$.92 per common share  outstanding.  This compares to total  dividends  declared
during 2002 of $.88 per common share outstanding and represents a 4.55% increase
over 2002.  At their  February  27, 2004  meeting,  the  Directors  of Salisbury
Bancorp, Inc. declared a first quarter dividend of $.24 per share. This compares
to a $.23 per share cash  dividend  that was paid  during  the first  quarter of
2003. The $.24 per share dividend will be paid on April 28, 2004 to shareholders
of record as of March 31, 2004.

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.