UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549
                              --------------------

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


       Date of Report (Date of earliest event reported): November 13, 2006
                                                         -----------------

                     FIRST LITCHFIELD FINANCIAL CORPORATION
                     --------------------------------------
               (Exact name of Registrant as Specified in Charter)

           Delaware                     0-28815                   06-1241321
           --------                     -------                   ----------
(State or other Jurisdiction    (Commission File Number)       (IRS Employer
       of Incorporation)                                     Identification No.)

         13 North Street, Litchfield, Connecticut           06759
         ----------------------------------------           -----
         (Address of Principal Executive Offices)        (Zip Code)

       Registrant's telephone number, including area code: (860) 567-8752
                                                           --------------

                                       N/A
                                       ---
          (Former Name or Former Address, if Changed Since Last Report)

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))

<PAGE>


Form 8-K, Current Report
First Litchfield Financial Corporation



Section 8. Other Events

Item 8.01. Other Events.
------------------------

The First National Bank of Litchfield and First Litchfield Financial Corporation
announce the formation of a new leasing  subsidiary,  First  Litchfield  Leasing
Corporation

Section 9. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.
---------------------------------------------

      (c)   Exhibits.
            99.1   Press Release dated November 13, 2006



                                   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 by the
undersigned hereto duly authorized.


Dated:  November 13, 2006              First Litchfield Financial Corporation


                                       By: /s/ Joseph J. Greco
                                           ---------------------
                                           Joseph J. Greco
                                           President and Chief Executive Officer



                             (Exhibit 99.1 follows)


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