Exhibit 99.1

Monday October 30, 2006

Company Press Release

Source: Salisbury Bancorp, Inc.

Salisbury Contact: John F. Perotti - Chairman & CEO
860-435-9801 or jp@salisburybank.com

FOR IMMEDIATE RELEASE


SALISBURY BANCORP, INC. ANNOUNCES THIRD QUARTER EARNINGS

Lakeville,   Connecticut,   Monday,  October  30,   2006/PRNewswire....Salisbury
Bancorp, Inc. (the "Company"), (AMEX:SAL) the holding company for Salisbury Bank
and Trust Company  announced today that net income for the third quarter of 2006
was  $1,159,874  or $.69 per average  share  outstanding.  This compares to 2005
third quarter net income of  $1,131,211  or $.67 per average share  outstanding.
For the nine months ended  September 30, 2006, net income totaled  $3,312,775 or
$1.97 per average share  outstanding  as compared to net income of $3,768,148 or
$2.24 per  average  share  outstanding  for the same nine month  period in 2005.
Among the  factors  impacting  the  quarter as well as  year-to-date  is reduced
income  from gains in  securities  transactions.  Interest  rates  continued  to
increase until the later part of the third quarter when the Federal Reserve Bank
ceased their  tightening  strategy.  The yield curve however  remains flat,  the
result being  continuing  compression  pressures on net interest  margins.  Bank
Management  is  encouraged  that core  business  continues  to  strengthen.  New
business   development   efforts  have  resulted  in  growth  of  net  loans  to
$231,316,899.  This is an increase of $23,773,173 or 11.46% when compared to the
period ending  September 30, 2005. The Bank  constantly  monitors the quality of
the loan portfolio to ensure that loan quality will not be sacrificed for growth
or otherwise compromise the Company's objectives.  Total deposits have increased
to $307,907,802 and compares to total deposits of $284,407,778 last year at this
time.  As of September  30,  2006,  the most recent  notification  from the FDIC
categorized the Bank as "well  capitalized"  under the regulatory  framework for
prompt corrective action.  The trust and investment  services division continues
to perform, posting revenues of $1,410,500. This is a 26% increase when compared
to revenues of  $1,119,129  for the first nine months of 2005.  Management  also
continues  its efforts to control  operating  expenses  which has  resulted in a
decrease in other noninterest  expenses of $129,425 for the first nine months of
2006. Overall,  Management remains confident that the Bank is well positioned to
meet the goals and objectives that have been established to enhance  shareholder
value as the Bank moves forward to the challenges of the final quarter of 2006.





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<TABLE>
<CAPTION>
                                               Quarter Ended                     Nine Months Ended
                                                September 30                       September 30
                                          2006              2005               2006            2005
                                          ----             -----               ----            ----
                                               (unaudited)                           (unaudited)
<S>                                   <C>              <C>                 <C>              <C>
Total interest and dividend
  income                              $ 6,111,598      $ 5,272,728         $17,360,981      $15,375,847
Total interest expense                  2,753,930        1,906,522           7,451,694        5,295,263
Net interest and dividend
  income                                3,357,668        3,366,206           9,909,287       10,080,584
Provision for loan losses                       0           90,000                   0          270,000
Trust/Investment services income          475,500          342,399           1,410,500        1,119,129
Gain on sales of available-for-sale
  Securities, net                         232,950          390,914             293,632        1,227,436
Other noninterest income                  504,205          541,628           1,534,566        1,543,488
Other noninterest expense               3,100,989        3,067,499           8,929,940        9,059,365
Income before income taxes              1,469,334        1,483,648           4,218,045        4,641,272
Income tax expense                        309,460          352,437             905,270          873,124
Net income                            $ 1,159,874      $ 1,131,211         $ 3,312,775      $ 3,768,148
Earnings per common
   share                              $       .69      $       .67         $      1.97      $      2.24

</TABLE>

The Company  previously  announced a third  quarter  dividend of $.26 per common
share  that is  payable  on October  31,  2006 to  shareholders  of record as of
September 29, 2006.  This compares to a $.25 per common share  dividend that was
paid to shareholders for the third quarter of 2005. Year-to-date dividends total
$.78 per common  share for the year 2006.  This  compares to total  year-to-date
dividends  of $.75 per common share one year ago and  represents  an increase of
4.0%.

Salisbury Bancorp, Inc.'s sole subsidiary,  Salisbury Bank and Trust Company, is
a community bank. The Company has assets in excess of $400 million and continues
to serve the communities of northwestern  Connecticut and proximate  communities
in New York and  Massachusetts  which it has done for  approximately  150 years.
Salisbury Bank and Trust Company is headquartered in Lakeville,  Connecticut and
presently  operates  full  service  branches  in Canaan,  Salisbury  and Sharon,
Connecticut and South Egremont and Sheffield,  Massachusetts.  The Bank offers a
full complement of consumer and business  banking  products and services as well
as trust services.

Statements  contained in this news release contain  forward  looking  statements
within the  meaning of the  Private  Securities  Litigation  Reform Act of 1995.
These statements are based on the beliefs and expectations of management as well
as the assumptions  made using  information  currently  available to management.
Since these statements reflect the views of management concerning future events,
these statements involve risks,  uncertainties and assumptions,  including among
others:  changes in market  interest  rates and  general and  regional  economic
conditions; changes in government regulations; changes in accounting principles;
and the quality or composition  of the loan and investment  portfolios and other
factors that may be described in the  Company's  quarterly  reports of Form 10-Q
and its annual report on Form 10-K,  each filed with the Securities and Exchange
Commission,  which are  available at the  Securities  and Exchange  Commission's
internet website (www.sec.gov) and to which reference is hereby made. Therefore,
actual future  results may differ  significantly  from results  discussed in the
forward looking statements.



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