UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.   20549

                                  FORM 8-K

                 CURRENT REPORT UNDER SECTION 13 OR 15(d) OF
                     THE SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported)    July 15, 2003
                                                    -------------

Commission file number    33-47248
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                            SLADE'S FERRY BANCORP
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           (Exact name of registrant as specified in its charter)


Massachusetts                                    04-3061936
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(State or other jurisdiction of                  (I.R.S. Employer
incorporation or organization)                   Identification Number)


100 Slade's Ferry Avenue
PO Box 390
Somerset, Massachusetts                          02726
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(Address of Principal Executive Offices)         (Zip Code)


                                (508)675-2121
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            (Registrant's Telephone Number, including Area Code)


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        (Former name or former address, if changed since last report)


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Item 7.    Financial Statements and Exhibits
--------------------------------------------

(c)   Exhibits - See Exhibit Index.
      --------

Item 9 and 12.  Results of Operation and Financial Condition
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      Slade's Ferry Bancorp issued a press release July 15, 2003 disclosing
certain information concerning its second quarter results of operation and
financial condition.  A copy of that press release is attached as an exhibit
hereto.


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                                 SIGNATURES

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, thereunto duly authorized.

                                       SLADE'S FERRY BANCORP
                                       ------------------------------------
                                       (Registrant)


July 15, 2003                          By  /s/Deborah A. McLaughlin
-------------                              --------------------------------
(Date)                                     Deborah A. McLaughlin
                                           Vice President and Chief
                                           Financial Officer


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                                EXHIBIT INDEX
                                -------------


Exhibit No.     Description
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20.1            July 15, 2003 press release announcing certain information
                covering second quarter results of operation and financial
                condition


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