Exhibit 99.1


Presentation
Materials




2007
Industry Environment
 
 Nationwide,
the banking industry experienced significant challenges in
2007.  There were severe Capital and Credit Market problems, triggered
by the sub-prime lending debacle, which led an already tepid economy into
further weakening. Huge losses were reported by some of the largest banks and
financial institutions in the country. Investors generally punished bank stocks
by redeploying their investment dollars.
 
 According
to the most recent statistics released by the FDIC, high loan loss provisions,
losses in trading activities, and goodwill impairment  expenses
contributed to dramatically reduce earnings at many  insured
institutions.  One out of every four institutions with assets greater
than $10 billion reported a net loss for the fourth
quarter.  Institutions associated with subprime mortgage lending
operations   and  institutions engaged in significant
trading activity were among those reporting the largest earnings declines. On an
industry-wide basis, 2007 bank earnings declined twenty-seven percent compared
to 2006 and sixty percent of all FDIC-insured banks reported lower earnings
during 2007.
 
 Sub-prime
borrowers increasingly defaulted on loans in the first part of 2007 and the
situation became increasingly worse as the year progressed.
 
 Nationally,
credit-risk worries ravaged financial markets and risk aversion spread through
the marketplace, and caused a tightening of lending standards for consumers and
businesses.   The credit crisis resulted in more than $200
billion in write-downs by banks and financial institutions during
2007.
 
 Nationally,
the aggregate net income of FDIC-insured banks declined $39.8 billion or 27.4
percent from 2006.  This is the lowest annual net income for the
industry since 2002, and is the first time since 1999-2000 that annual net
income has declined. Net charge-offs increased significantly with a particular
sharp increase in the fourth quarter.
 
 Our
nation’s economy is stuck in a painful downturn and rising inflation is hurting
businesses and consumers.
 
 Erosion
of net interest margin persisted during the year and was especially pronounced
at large mortgage lenders. The average Net Interest Margin in the fourth quarter
was 3.30%.  This was the lowest quarterly Net Interest Margin for the
industry since 1989.
 
 
 
 
 2007
Financial  Highlights
 
 
 Despite
all the bad news happening in 2007 in the industry, Salisbury Bank performed
reasonably well.
  
  
 •
              Net
      Income was $3,800,000 or $2.26 per
share.
 
 •
              Total
      Assets increased to $462,000,000
 
 •
              We
      grew our loan base to $270 million with a significant increase in higher
      margin commercial loans, which comprised 33.75 percent of the total loan
      portfolio at year end.
 
 •
              Total
      Deposits increased to $318,000,000.
 
 
 
 
 •
              We
      maintained strong asset quality and our level of non-performing assets
      have remained low.  During 2007, our loan recoveries exceeded
      our total loans charged off .
 
 
 
 
 •
              Our
      Trust and Wealth Advisory  Division grew with a net market value
      increase of $38 million during the year to $353 million under management
      at year end.  The Division contributed $2,050,000 in
      non-interest income during the
year.
 
 
 
 
 •
              Total
      Risk  Based
      Capital    -    15.00%
 
 •
              Tier
      One Risk Based
  Capital   -  14.06%
 
 
 
 •
              Return
      on Average
      Assets      -     .85%
 
 •
              Return
      on Average
      Equity        -    8.50%
 
 •
              Net
      Interest
      Margin                   -    3.54%
 
 •
              We
      are proud that we were able to increase our dividends for the 16th
      consecutive year.
 
  
  
 During
2007, we opened a full service retail branch office in New York
State.  This was another important step in our overall strategy to
build a strong tri-state presence by serving the interest of our current and
future customers in the tri-state area.
 
 This
year, we submitted applications to open our second full service retail branch in
New York State in nearby Millerton.
 
 
 
 While we
performed well during 2007 and we were not participants in the sub prime lending
crisis, our stock price was punished along with securities of other financial
institutions.  During the period March 31, 2007 thru March 31, 2008
Salisbury Bancorp declined in market value by 11.33
percent.  Nationwide, our peers in the $250 - $500 million Asset
category declined 22.07 percent in market value. Thus far in 2008, our 52 week
performance comparison reflects a market decline of five percent.
 
 
 
 March
31, 2008 Financial Highlights
 
 •
              Net
      Income: $1,081 million ($.64 per average share
  outstanding)
 
 •
              Return
      on average earning assets: .88%
 
 •
              Return
      on average equity: 8.45%
 
 •
              Net
      Interest Margin:  3.58%
 
 
 
 
 •
              Total
      Risk Based
      Capital          -      14.47%
 
 •
              Tier
      One Risk Based
      Capital    -       13.55%
 •
              (
      Our Total Risk Based Capital  ratio of 14.47% is among the
      highest in the state of
Connecticut)
 
 •
              Trust
      and Wealth Advisory  Division contributed $600,000 to
      earnings  -  an increase of 13.21% over last
      year.
 
 
 
 
 •
              Non-performing
      assets represented 0.22% of total
assets
  •
              Net
      charge-offs totaled less than
$1,000
   
 
 •
              Allowance
      for loan loss reserves represented .91% of total loans outstanding and
      246.12% of non-performing loans.
 
 •
              Deposits
      grew to $337 million
 
 
 
 
 The Banks
investment portfolio totaled $148 million and continues to be of very high
quality providing good monthly cash flow and a return that places us in the top
quartile  of Connecticut  banks.  The portfolio
has no subprime collateral or collateralized debt obligations in any of its
securities.
 
 
 
 
 Strategic
Objectives
2008     -    Bank
 
 During
2008 and beyond, we will continue to further improve on our execution of our
mission statement which is to be the leading community bank in the tri-state
area  -  serving customers in Massachusetts, New York, and
Connecticut.  We are confident that with your support, we can continue
to deliver on the promise of our mission statement for the benefit of our
shareholders, customers, employees and the communities which we
serve.
 
 We will
continue to focus on Deposit gathering.
 
 In 2008,
we will continue to invest in  Corporate
Infrastructure  -  Renovations and reorganization
of  our existing branch network.
 
 Salisbury Branch renovation
 Sheffield drive up
 South Egremont
 Proposed Millerton Branch
 
 (Map
showing  Locations  -  also
Millerton)
 
 
 We will
effectively manage our Capital resources in ways which benefit our corporation
and all shareholders.
  In this
regard, the Board will be discussing a Dividend Reinvestment Plan for
all  shareholders at this afternoon’s meeting convening at the
conclusion of today’s annual meeting. The purpose of such a plan is to provide
shareholders and employees a simple, cost-efficient and convenient means of
reinvesting their cash dividends and making additional cash purchases of
Salisbury Bancorp’s common stock on a quarterly basis. We  expect to
provide you with information regarding the Plan in the next few weeks and
implement the Plan this summer.
   
 
 I would
like to take this opportunity to thank the employees, officers, advisory board
and Board of Directors of the Bank for their enthusiasm, dedication, and focus
on the Bank’s behalf.
 
 While no
one can say with certainty what the future holds in store for us, I believe that
our strengths and our strategic initiatives have positioned us to take full
advantage of emerging opportunities.
 
 We have
every intention of  continuing to execute our strategic
plan.  We intend to remain an independent bank, building this
franchise to enhance shareholder value.  We are confident of our
ability to be the leading community bank in the tri-state area.
 
 Thank you
for attending this meeting and for your confidence in Salisbury
Bancorp.











Salisbury Bancorp,
Inc
  May 14,
2008
  2008 Annual
  Shareholders
Meeting
  1






2007 Financial
Highlights
  2
  Net Income:
  $3.8 million
  $2.26 per share
  Assets:
  $462 million
  Gross Loans:
  $271 million
  Deposits:
  $318 million






2007 Financial
Highlights
  Trust and Wealth Advisory Division
  $353 million under management
  Increased $38 million year over year
  $2.05 million contribution to
non-interest income
  3






2007 Financial
Highlights
  4
  At December 31, 2007
  Total Risk Based
Capital
  15.00%
  Tier One Risk Based
Capital
  14.06%






2007 Financial
Highlights
  5
  Return on Average Earning
Assets
  .85%
  Return on Average
Equity
  8.50%
  Net Interest Margin
  3.54%
  Increased dividend for
16 th consecutive
year.






March 31, 2008 – Financial
Highlights
  6
  Net Income
  $1.08 million
  $  .64 per
share
  Return on Average
Assets
  .88%
  Return on Average
Equity
  8.45%
  Net Interest Margin
  3.58%






March 31, 2008 – Financial
Highlights
  7
  Total Risk Based
Capital
  14.47%
  Tier One Risk Based
Capital
  13.55%
  Trust and Wealth Advisory
Division
  $600,000 contribution to
non-interest
  income, up 13.21% from
2007






March 31, 2008 – Financial
Highlights
  8
  NPAs
  0.22% of total assets
  Net Charge-Offs
  Less than $1,000
  ALL
  .91% of Total Loans
  246.12% of NPAs
  Deposits
  $336,595,446






2008 Strategic
Objectives
  Continue to execute on our mission
to be the leading community bank in the tri-state area.
  Deposit Growth
  Invest in infrastructure:
  Salisbury Branch renovation
  Sheffield Drive Up
  South Egremont
  Millerton
  9






Salisbury Bank Retail Branch
Market
  10






2008 Proposal
  Dividend Reinvestment Plan
  Simple, cost effective way to
reinvest cash dividends and make additional purchases of
stock.
  11






12