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): April 5, 2005

                           SLADE'S FERRY BANCORP.
           (Exact name of registrant as specified in its charter)

        Massachusetts                000-23904              04-3061936
(State or other jurisdiction        (Commission           (IRS Employer
      of incorporation)             File Number)        Identification No.)

     100 Slade's Ferry Avenue, PO Box 390, Somerset, Massachusetts 02726
             (Address of principal executive offices) (Zip Code)

     Registrant's telephone number, including area code: (508) 675-2121

                               Not Applicable
        (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to 
simultaneously satisfy the filing obligation of the registrant under any of 
the following provisions (see General Instruction A.2. below):

[ ]   Written communications pursuant to Rule 425 under the Securities Act 
      (17 CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
      (17 CFR 240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the 
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the 
      Exchange Act (17 CFR 240.13e-4(c))

Item 5.02   Departure of Directors or Principal Officers; Election of 
            Directors; Appointment of Principal Officers

(b)   In accordance with Article VI of the Articles of Organization of 
      Slade's Ferry Bancorp, on April 5, 2005, Charles Veloza retired from 
      the Board of Directors, having reached the mandatory retirement age 
      of seventy. 

      In addition, Peter Paskowski has informed the Board of Directors that 
      he intends to retire as of May 11, 2005.

      Slade's Ferry Bancorp thanks Mr. Paskowski and Mr. Veloza for their 
      years of service.


      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 hereunto duly authorized.

                                       SLADES FERRY BANCORP.

                               By:     /s/ Deborah A. McLaughlin
                               Name:   Deborah A. McLaughlin
                               Title:  Treasurer/Vice President and Chief 
                                       Financial Officer

Date: April 7, 2005