Monday July 31, 2006

Company Press Release

Source: Salisbury Bancorp, Inc.

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

FOR IMMEDIATE RELEASE


SALISBURY BANCORP, INC. ANNOUNCES SECOND QUARTER EARNINGS

Lakeville, Connecticut, July 31, 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  second  quarter  of  2006  totaled
$1,005,979 which represents earnings per average share outstanding of $.60. This
compares to net income of $1,308,371 or $.78 per average share  outstanding  for
the second  quarter of 2005.  For the six months period ended June 30, 2006, net
income totaled  $2,152,901 or $1.28 per average share outstanding as compared to
net income of $2,636,937 or $1.57 per average share outstanding for the same six
month  period in 2005.  Among the factors  impacting  the quarter as well as the
first  half  of the  year  is  reduced  income  from  the  gains  in  securities
transactions. The current interest rate environment of rising interest rates has
resulted in shorter term rates  becoming  higher than long term rates creating a
flat and sometimes  inverted yield curve.  This impacts the cost of deposits and
borrowed  funds as these  expenses  are  increasing  at a faster  pace  than the
earnings yield on the loan and securities portfolios.  The result is 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 the net loan  portfolio  to  $228,454,820.  This is an  increase of
$21,847,969  or 10.6% when compared to the period ending June 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 $298,433,710 and compares to total
deposits of  $287,492,118  last year at this time. As of June 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 grow. Income from trust and investment
services at June 30, 2006  totaled  $935,000.  This is an increase of 20.4% when
compared to the  corresponding  period in 2005.  Management  also  continues its
efforts to control operating  expenses which has resulted in a decrease in other
noninterest expenses of $162,915 or 2.7%. 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 second half of 2006.


                                      -3-
<PAGE>
<TABLE>
<CAPTION>

                                                   Quarter Ended              Six Months Ended
                                                     June 30,                     June 30,
                                                2006           2005          2006          2005
<S>                                           <C>            <C>           <C>           <C>

Total interest and dividend
   income                                   $ 5,789,165    $ 5,069,012   $11,249,383   $10,103,119
Total interest expense                        2,531,232      1,743,138     4,697,764     3,388,741
Net interest and dividend
  income                                      3,257,933      3,325,874     6,551,619     6,714,378
Trust/Investment services income                450,000        388,365       935,000       776,730
(Loss)gain on sales of available-for-sale
   securities, net                              (13,685)       350,560        60,682       836,522
Other noninterest income                        563,907        486,887     1,030,361     1,001,860
Other noninterest expense                     2,991,583      2,965,553     5,828,951     5,991,866
Income before income taxes                    1,266,572      1,496,133     2,748,711     3,157,624
Income tax expense                              260,593        187,762       595,810       520,687
Net income                                  $ 1,005,979    $ 1,308,371   $ 2,152,901   $ 2,636,937
Earnings per average share
   outstanding                              $       .60    $       .78   $      1.28   $      1.57

</TABLE>

Previously,  the Directors of Salisbury Bancorp,  Inc. declared a second quarter
dividend of $.26 per common share outstanding. This compares to a $.25 per share
cash dividend that was declared during the second quarter of 2005.  Year-to-date
dividends  total  $.52 per common  share  outstanding  for the year  2006.  This
compares to total year-to-date dividends of $.50 per common share one year ago.

Salisbury Bancorp, Inc.'s sole subsidiary,  Salisbury Bank and Trust Company, is
a Connecticut  chartered  commercial  bank.  The Company has assets in excess of
$400 million and capital in excess of $40 million and serves 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 operates full service branches in
Canaan,  Salisbury  and  Sharon  as well as  Lakeville,  Connecticut  and  South
Egremont and  Sheffield,  Massachusetts.  The Bank offers a full  compliment  of
consumer  and  business  banking  products  and  services  as well as trust  and
investment 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 on 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.


                                      -4-