Tuesday October 30, 2007

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, October 30,  2007/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 2007 totaled
$916,666 which represents  earnings per average share  outstanding of $.54. This
compares to net income of $1,159,874 or $.69 per average share  outstanding  for
the third quarter of 2006.  The decrease is primarily due to increased  interest
expense and reduced gains on sales of investment  securities for the period.  In
addition,  2007 earnings reflect the non-recurring  expenses associated with the
Bank's entry into New York State through the establishment of a branch office in
Dover Plains, New York which opened its doors for business on August 1, 2007.

Net income for the nine months ended  September  30, 2007 totaled  $2,799,632 or
$1.66 per average share  outstanding  as compared to net income of $3,312,775 or
$1.97 per average share outstanding for the same nine month period in 2006.

Chairman and Chief Executive  Officer John F. Perotti commented "We continue our
focus on controlled growth, taking advantage of continuing  consolidation within
the banking  sector to strengthen and expand our market  position.  Our new full
service  retail  office  in Dover  Plains,  New York is part of our plan to grow
market  share along the Route 22 corridor in New York State to serve our current
and future customers in the tri-state area. The Bank is strongly capitalized and
in a position to sacrifice  some short term  profitability  for an investment in
our  strategic  vision for enhanced long term growth and  profitability.  We are
confident  of our ability to  successfully  execute  this  prudent  strategy for
enhancing shareholder value over the long term."

The  Company's  assets at September  30, 2007 totaled  $456,486,055  compared to
total  assets of  $427,429,204  at  September  30,  2006.  Total  deposits  have
increased  from  $307,907,802  to  $313,088,487.  Net loans have  increased from
$231,316,899 to  $262,310,191.  The loan portfolio  continues to consist of high
quality assets with non-performing assets amounting to only 0.66% of total loans
outstanding  at September 30, 2007.  The Bank's loan  portfolio does not include
sub-prime loans.  Similarly,  the Bank's investment  portfolio  consists of very
high quality securities and does not include securities which are collateralized
by pools of sub-prime mortgages.

Mr. Perotti further commented that "We are maintaining our commitment to quality
earning assets despite  challenging credit and market conditions during the past
several  quarters,  and we are proud of our  continuing  progress in growing our
core business.  Recognizing our strong capital position,  we are positioned well
to take advantage of in-market opportunities for further systemic growth."


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<page>
<table>
<caption>

                                            Quarter Ended             Nine Months Ended
                                             September 30,               September 30,
                                          2007          2006          2007          2006

                                     <c>           <c>           <c>           <c>

Total interest and dividend
   income                             $ 6,602,455   $ 6,111,598   $19,398,999   $17,360,981
Total interest expense                  3,167,716     2,753,930     9,235,485     7,451,694
Net interest and dividend
  income                                3,434,739     3,357,668    10,163,514     9,909,287
Trust/Investment services income          475,000       475,500     1,508,000     1,410,500
Gain on sales of available-for-sale
   securities, net                         41,942       232,950       222,289       293,632
Other noninterest income                  543,383       504,205     1,569,441     1,534,566
Other noninterest expense               3,400,817     3,100,989    10,025,281     8,929,940
Income before income taxes              1,094,247     1,469,334     3,437,963     4,218,045
Income tax expense                        177,581       309,460       638,331       905,270
Net income                            $   916,666   $ 1,159,874   $ 2,799,632   $ 3,312,775

Earnings per average share
   outstanding                        $       .54   $       .69   $      1.66   $      1.97

</table>


Salisbury Bancorp, Inc.'s sole subsidiary,  Salisbury Bank and Trust Company, is
a Connecticut  chartered  commercial  bank.  The Company has assets in excess of
$450 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 four full service retail
branches in Canaan, Salisbury, Sharon and Lakeville,  Connecticut. The Bank also
has two full service  retail  branches in the towns of Egremont  and  Sheffield,
Massachusetts,  as well as a full service  retail  branch in Dover  Plains,  New
York.

Its trust and wealth  advisory  office is based in Lakeville,  Connecticut.  The
Bank offers a full  complement  of consumer  and business  banking  products and
services as well as trust and wealth advisory 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.

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