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):    January 25, 2008
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                            SALISBURY BANCORP, INC.
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               (Exact name of registrant as specified in charter)

         Connecticut                 000-24751                   06-1514263
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(State or other jurisdiction        (Commission                (IRS Employer
     of incorporation)              File Number)             Identification No.)

5 Bissell Street, Lakeville, Connecticut                         06039-1868
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(Address of principal executive offices)                         (zip code)

Registrant's telephone number, including area code:  (860) 435-9801
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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))


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Item 5.02.  Departure of Directors or Certain  Officers;  Election of Directors;
            Appointment of Certain  Officers; Compensatory Arrangements of
            Certain Officers.

         On January 25, 2008, the Board of Directors of Salisbury Bank and Trust
Company (the "Bank"),  the wholly-owned banking subsidiary of Salisbury Bancorp,
Inc.  (the  "Corporation"),   approved  an  Amended  and  Restated  Supplemental
Retirement  Plan  Agreement  (the  "Amended  Agreement")  with John F.  Perotti,
Chairman  and  Chief  Executive  Officer  of the Bank and the  Corporation.  The
purpose of the Amended  Agreement is to bring the  Supplemental  Retirement Plan
Agreement  dated as of June 29,  1994,  filed on April 23, 1998 as Exhibit 10 to
the  Corporation's  Registration  Statement  on Form S-4 (No.  333-50857),  into
compliance with the provisions of Section 409A of the Internal Revenue Code.

         The  Amended  Agreement  provides  that  following  his  disability  or
retirement,  Mr.  Perotti  will  receive  monthly  payments of $1,250  (adjusted
annually to reflect the lesser of a five percent  (5%)  increase or "The Monthly
Consumer Price Index for All Urban  Consumers,  United States City Average,  All
Items"  published  by the Bureau of Labor  Statistics)  for a period of ten (10)
years.  The Amended  Agreement also provides for the payment of a similar amount
to Mr.  Perotti's  surviving  spouse  or  designated  beneficiary.  The  Amended
Agreement includes  provisions that would prevent Mr. Perotti from working for a
competitor in the proximity of the Bank.

         A copy of the Amended Agreement is attached as Exhibit 10.1.

Item 9.01   Financial Statements and Exhibits.

            (a)   Not Applicable.

            (b)   Not Applicable.

            (c)   Not Applicable.

            (d)   Exhibits.
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                  10.1. Amended  and  Restated   Supplemental   Retirement  Plan
                        Agreement dated January 25, 2008.


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<PAGE>


                                   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: January 30, 2008                SALISBURY BANCORP, INC.


                                       By:    /s/ John F. Perotti
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                                            John F. Perotti
                                            Chairman and Chief Executive Officer


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