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): October 4, 2007
                                                          ---------------

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


           Delaware                     0-28815                 06-124132
--------------------------------------------------------------------------------
(State or other jurisdiction          (Commission             (IRS Employer
    of  incorporation)                File Number)          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.
                           ------------

         On  September  20, 2007,  the Board of  Directors  of First  Litchfield
Financial Corporation (the "Company"),  the parent company of The First National
Bank of Litchfield,  approved a stock repurchase  program to acquire in the next
twelve months up to an aggregate of 30,000  shares of the Company's  outstanding
Common Stock.

         The Company is pleased to  announce  that  pursuant  to the  repurchase
program,  on October 4, 2007,  the  Company  purchased  8,263  shares of Company
Common Stock at a price of $16.00 per share, for an aggregate price of $132,208.


                                   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:  October 5, 2007                 FIRST LITCHFIELD FINANCIAL CORPORATION


                                        By:    /s/ Joseph J. Greco
                                            ---------------------------------
                                            Joseph J. Greco
                                            President and CEO



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