UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 29, 2008
SALISBURY BANCORP, INC.
(Exact name of registrant as specified in charter)
Connecticut 000-24751 06-1514263
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) 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
N/A
(Former Name or Former Address, if Changed Since Last Report)
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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))
Form 8-K, Current Report
Salisbury Bancorp, Inc.
Section 5. Corporate Governance and Management
Item 5.05. Amendments to the Registrant's Code of Ethics.
On February 29, 2008, the Board of Directors of Salisbury Bancorp, Inc.
(the "Corporation"), the bank holding company of Salisbury Bank and Trust
Company (the "Bank"), voted to approve changes to the Corporation's Code of
Ethics and Conflicts of Interest Policy (the "Code"). The purpose of such
revisions to the Code was to reflect changes to certain applicable laws during
the past year. Specifically, the Code was amended to more accurately state the
restrictions on management officials of the Bank or Corporation from serving as
management officials of other non-affiliated depository institutions under the
Depository Institutions Management Interlocks Act, which was recently amended.
(12 U.S.C. ss.3201 et. seq.)
Section 9. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Exhibits.
99.1 Salisbury Bancorp, Inc., Salisbury Bank and Trust Company, and
SBT Mortgage Service Corporation Code of Ethics and Conflicts of Interest
Policy.
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 of the
undersigned hereto duly authorized.
Dated: February 29, 2008 SALISBURY BANCORP, INC.
By: /s/ John F. Perotti
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John F. Perotti
Chairman and Chief Executive Officer