Tuesday, August 31, 2004

Company Press Release


Source: Salisbury Bancorp, Inc.

Salisbury Contact: John F. Perotti, President & CEO
860-435-9801 or jp@salisburybank.com
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FOR IMMEDIATE RELEASE
August 31, 2004


SALISBURY BANCORP, INC. ANNOUNCES THIRD QUARTER DIVIDEND

Lakeville, Connecticut, August 31, 2004/PRNewswire...  The Board of Directors of
Salisbury Bancorp,  Inc. (AMEX:SAL),  the holding company for Salisbury Bank and
Trust Company  declared a $.24 per common share quarterly cash dividend at their
August 27, 2004 meeting.  Dividends  year to date for 2004 total $.72 per common
share.  This represents an increase of $.03 or 4.4% over the $.69 per share cash
dividends  paid during the same period in 2003. The quarterly cash dividend will
be paid on October 29, 2004 to shareholders of record as of September 30, 2004.

Salisbury  Bancorp's sole  subsidiary,  Salisbury Bank and Trust Company,  is an
independent  community bank with assets in excess of $300 million and capital in
excess  of $27  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 is  headquartered in
Lakeville,  Connecticut and operates full service branches in Canaan,  Salisbury
and Sharon,  Connecticut.  The Bank  offers a full  compliment  of consumer  and
business banking products and services as well as trust services.


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