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 29, 2006

                             SALISBURY BANCORP, INC.
               (Exact name of registrant as specified in charter)

         Connecticut                 000-24751                   06-1514263
(State or other jurisdiction        (Commission                (IRS Employer
     of incorporation)              File Number)             Identification No.)

5 Bissell Street, Lakeville, Connecticut                             06039-1868
(Address of principal executive offices)                             (zip code)

Registrant's telephone number, including area code: (860) 435-9801

          (Former Name or Former Address, if Changed Since Last Report)

Check the  appropriate  box below if the Form 8-K is intended to  simultaneously
satisfy the filing  obligations  of the  registrant  under any of the  following
provisions (see General Instructions A.2. below):

[_]   Written  communications  pursuant to Rule 425 under the Securities Act (12
      C.F.R. 230.425)

[_]   Soliciting  material  pursuant  to Rule 14a-2 under the  Exchange  Act (17
      C.F.R. 240.14a-12)

[_]   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 C.F.R. 240.14d-2(b))

[_]   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 C.F.R. 240.13e-4(c))

Item 1.01.  Entry into a Material Definitive Agreement.

      On September 29, 2006, the Company's subsidiary,  Salisbury Bank and Trust
Company (the  "Bank"),  by mutual  agreement,  extended the term of the existing
Change  in  Control  Agreements  (the  "Agreements")  between  the  Bank and the
following officers of the Bank for an additional twelve (12) month period:  John
F. Perotti,  Richard J. Cantele, Jr., John F. Foley, Todd M. Clinton, Diane E.R.
Johnstone,  Joseph C. Law, Lana J. Morrison, William C. Lambert, Sharon A. Pilz,
Geoffrey A. Talcott,  Melanie K. Neely,  Gerard J. Baldwin,  Darrell S. Long and
Elizabeth  A.  Summerville  ("Executives").  Pursuant  to  such  extension,  the
Agreements, which were scheduled to expire on September 30, 2006, will remain in
full force and effect until  September 30, 2007,  provided that in the case of a
"change in control" (as defined in the Agreements)  occurring prior to September
30, 2007, the Agreements shall remain in effect for twelve (12) months after the
date on which any such change in control is consummated.

       The  Agreements  provide  that if  following a "change in control" of the
Company  or  the  Bank,  an  Executive  is  terminated   under  certain  defined
circumstances, or is reassigned, within a period of twelve (12) months following
such change in control,  such  Executive  will be entitled to a lump sum payment
equal  to his or her  twelve  (12)  month  (or six (6)  month in the case of Ms.
Summerville)  compensation based upon the most recent aggregate base salary paid
to the Executive in the twelve (12) month period immediately  preceding the date
of the change in control.  In no event shall such  payments be made in an amount
that would cause them to be deemed  non-deductible  to the Bank by reason of the
operation  of Section  280G of the  Internal  Revenue  Code.  The purpose of the
Agreements is to provide certain potential  benefits to the Executives solely in
the event of a change in control and do not provide a contract for employment.

Item 9.01   Financial Statements and Exhibits.

            (a)   Not Applicable.

            (b)   Not Applicable.

            (c)   Not Applicable.

            (d)   Exhibits.

                  10.1 Form of Extension of Change in Control Agreement


      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: October 20, 2006                SALISBURY BANCORP, INC.

                                       By:    /s/ John F. Perotti
                                            John F. Perotti
                                            Chairman and Chief Executive Officer