UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 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):    September 20, 2007
                                                  ------------------------------

                     FIRST LITCHFIELD FINANCIAL CORPORATION
              -----------------------------------------------------
               (Exact name of registrant as specified in charter)


           Delaware                     0-28815                 06-124132
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(State or other jurisdiction          (Commission             (IRS Employer
    of  incorporation)                File Number)          Identification No.)


13 North Street, Litchfield, Connecticut                          06759
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(Address of principal executive offices)                        (zip code)


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


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          (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 Board of Directors of First Litchfield  Financial  Corporation (the
"Corporation"), the parent company of The First National Bank of Litchfield (the
"Bank") approved a stock repurchase program to acquire in the next twelve months
up to an aggregate of 30,000 shares of the Corporation's  outstanding  shares of
common stock. A copy of such press release is attached hereto as Exhibit 99.1.

Section 9.        Financial Statements and Exhibits.
                  ---------------------------------

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

                 (a)       Not Applicable.

                 (b)       Not Applicable.

                 (c)       Not Applicable.

                 (d)       Exhibits
                           --------

                           99.1     Press Release dated September 21, 2007.

         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: September 21, 2007                 FIRST LITCHFIELD FINANCIAL CORPORATION


                                          By:    /s/ Carroll A. Pereira
                                              ----------------------------------
                                              Carroll A. Pereira
                                              Treasurer


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