# 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) November 2, 2006

NAUGATUCK VALLEY
FINANCIAL CORPORATION(Exact Name of
Registrant as Specified in Its Charter)



|                                          |              |                    
|----------------------------------------- | ------------ | -------------------
|United States                             | 0-50876      | 65-1233977         
|(State or other jurisdiction of           | (Commission  | (IRS Employer      
|incorporation or organization)            | File Number) | Identification No.)
|                                          |              |                    
|333 Church Street, Naugatuck, Connecticut |              | 06770              
|(Address of principal executive offices)  |              | (Zip Code)         

(203) 720-5000 (Registrant's telephone number, including area code)

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:

| ̈ | 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))
|- | ------------------------------------------------------------------------------------------------------



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Item 7.01     
     Regulation FD
Disclosure

On
October 30, 2006,  Naugatuck  Valley  Financial  Corporation  issued a press  release
 announcing  that President and Chief  Executive  Officer John C. Roman will present at
the  America's  Community  Bankers  Community Bank  Investors  Conference,  to be held in
New York City,  on November 2, 2006. A copy of the press  release and a copy of the
investor presentation are furnished with this Report as Exhibits 99.1 and 99.2,
respectively.

Item 9.01     
     Financial Statements and Exhibits

| | (c) | The
following exhibit is furnished herewith:
| | --- | --------------------------------------------

| | Exhibit
99.1     Press Release dated October 30, 2006
| | -----------------------------------------------------

| | Exhibit
99.2    Investor Presentation
| | -------------------------------------



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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 thereunto duly
authorized.

|                       |                                        |                                      
|---------------------- | -------------------------------------- | -------------------------------------
|                       |                                        |                                      
|                      
|                       | NAUGATUCK VALLEY FINANCIAL CORPORATION
|                      
|                      
|Date: October 31, 2006 |                                        | By: /s/ John C.
Roman                
|                       |                                        | John C. Roman                        
|                       |                                        | President and Chief Executive Officer