Friday, April 28, 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 FIRST QUARTER EARNINGS

Lakeville,  Connecticut,  April 28,  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 first  quarter of 2006 totaled
$1,146,922 which represents earnings per average share outstanding of $.68. This
compares to net income of $1,328,566 or $.79 per average share  outstanding  for
the  first  quarter  of  2005.  The drop in 1st  quarter  profits  is  primarily
attributable to a decrease in noninterest income;  specifically,  reduced income
from gains in securities  transactions,  when comparing the two periods.  Higher
short-term  interest  rates and stagnant  long-term  rates have narrowed the gap
between the two, creating a flat and sometimes  inverted yield curve. In such an
environment,  the cost of borrowing money as well as the cost of deposits climbs
faster than the yield provided by the Company's  securities and loan portfolios.
This environment of generally  increasing interest rates has slowed the activity
in the secondary mortgage market,  which has also resulted in what we believe is
a temporary  decrease in income from sales of mortgage loans.  Total noninterest
expense for the period  which  includes  all  salaries  and  employee  benefits,
premise and  equipment,  as well as data  processing  is actually 6.2% below the
first quarter of 2005,  evidencing  the strong budget  controls  management  has
implemented. Overall, as our core business continues to strengthen and our trust
and investment services division continues to grow, we remain confident that the
Bank is well  positioned  to meet  our  goals  and  objectives  that  have  been
established to enhance long-term  shareholder  value.  Increased loan demand has
produced reasonable,  quality growth in our loan portfolio which has resulted in
an increase in  interest  income.  Our trust and  investment  services  division
produced an increase in income of $96,635 over the same period in 2005. Core net
operating  results through the first quarter of 2006 are $1,083,984  compared to
$940,423  through the first quarter of 2005.  This number reflects core earnings
improvement  of $143,561  or 15.3% year over year.  We are  encouraged  by these
accomplishments  and feel the financial results of the first quarter are a solid
performance in a very challenging interest rate environment.

<PAGE>


                                            Quarter Ended
                                              March 31,

                                          2006          2005

Total interest and dividend
   income                              $5,460,218   $5,034,107
Total interest expense                  2,166,532    1,645,603
Net interest and dividend
  income                                3,293,686    3,388,504
Trust/Investment services income          485,000      388,365
Gains on sales of available-for-sale
   securities, net                         74,367      485,962
Other noninterest income                  466,454      514,973
Other noninterest expense               2,837,368    3,026,313
Income before income taxes              1,482,139    1,661,491
Income Tax Expense                        335,217      332,925
Net Income                             $1,146,922   $1,328,566
Earnings Per Average Outstanding       $      .68   $      .79


Previously,  the Directors of Salisbury  Bancorp,  Inc. declared a first quarter
dividend of $.26 per common share outstanding. This compares to a $.25 per share
cash dividend that was declared  during the first quarter of 2005.  The $.26 per
share  dividend  is payable on April 28,  2006 to  shareholders  of record as of
March 31, 2006.

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.