| FOR      IMMEDIATE RELEASE | For      More Information Contact:      |
|----------------------------|-----------------------------------------|
|                       | Mark      A. Roberts                    |
|                       | Executive      Vice President & CFO |
|                       | (413)      787-1700                     |

| UNITED      FINANCIAL BANCORP EARNINGS MORE THAN DOUBLE TO $0.12 PER SHARE      ANNOUNCES 17% INCREASE IN DIVIDEND TO $0.07 PER  SHARE |
|----------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | At      March 31, 2008, outstanding loan balances totaled $825.0 million,      essentially flat in comparison to the prior year end as a result of      payoffs of several large credits and sluggish loan      activity.  Origination volume moderated in the first quarter of      2008, reflecting a slowdown in the real estate market, weaker demand for      all loan types and a very competitive lending  environment. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Non-performing      assets totaled $3.7 million, or 0.32% of total assets, at March 31, 2008      compared to $2.7 million, or 0.25% of total assets, at December 31,      2007.  The increase of $1.0 million in non-performing assets was      mainly attributable to two residential loans with outstanding balances      totaling $886,000 which became more than 90 days delinquent in March      2008.  Management believes that these loans are adequately      secured.  The Company has not historically originated loans to      sub-prime borrowers and approximately 96% of its investment portfolio      consists of mortgage-backed and debt securities issued by government      sponsored enterprises. |
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|   | · | At      March 31, 2008, the ratio of the allowance for loan losses to total loans      was 0.93% and the ratio of the allowance for loan losses to non-performing      loans was 285.41%.  For the three months ended March 31, 2008,      net charge-offs totaled $252,000, or 0.12% of average loans outstanding on      an annualized basis. |
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|   | · | Total      deposits increased $36.8 million, or 5.1%, to $755.5 million at March      31, 2008 compared to $718.7 million at December 31, 2007 mainly due to      competitive products and pricing, superior customer service, targeted      promotional activities and our new East Longmeadow branch, which opened in      January 2008.  Core deposit balances grew $25.3 million, or      6.8%, to $396.3 million at March 31, 2008 from $371.0 million at December      31, 2007. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Net      interest income increased $2.1 million, or 29.8%, to $9.0 million for the      first quarter of 2008 from the same period in 2007 as a result of net      interest margin expansion and growth in earning assets.  Net      interest margin increased 58 basis points to 3.40% due to the use of net      proceeds from the Company’s second-step stock offering completed in      December 2007 to fund asset growth as well as a significant decrease in      the cost of deposits as a result of the 300 basis points reduction in the      federal funds rate from 5.25% at September 1, 2007 to 2.25% at March 31,      2008.  Average earning assets expanded $76.9 million, or 7.8%,      to $1.1 billion, mainly due to loan growth and purchases of      mortgage-backed securities. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | Non-interest      income expanded $121,000, or 8.7%, to $1.5 million for the three months      ended March 31, 2008 due to increases of $39,000, or 3.8%, in fee      income from deposit accounts and $29,000, or 24.0%, in wealth management      revenue.  These results also include a $49,000 gain in the first      quarter of 2008 from VISA Inc.’s redemption of its Class B stock as part      of its initial public offering.  Prior to its IPO, VISA Inc.      issued these shares to its members in a reorganization based upon      transaction volume. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Non-interest      expenses grew $529,000, or 8.0%, to $7.2 million for the first three      months of 2008, mainly attributable to increases of $203,000, or 5.3%, in      salaries and benefits, $54,000, or 13.9%, in professional services,      $77,000, or 12.0%, in data processing expenses and $36,000, or 11.2%, in      marketing expenses. The increase in salaries and benefits reflect staffing      costs for our new East Longmeadow branch, new employees hired to support      and facilitate the growth of the Company, a higher cash incentive accrual      associated with improved financial performance and annual wage      adjustments. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| UNITED      FINANCIAL BANCORP, INC. AND SUBSIDIARY                                        |
|-------------------------------------------------------------------------------------------|
| CONSOLIDATED      STATEMENTS OF CONDITION                                                 |
| (Dollars      in thousands, except par value amounts)                                     |
|                                                                                      |   |   |   |   |   |   |   |   |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |
|                                                                                      |   | March      31, |   |   | December      31, |   |   | March      31, |   |
| Assets                                                                                    |   | 2008 |   |   | 2007 |   |   | 2007 |   |
|                                                                                      |   | (unaudited) |   |   | (audited) |   |   | (unaudited) |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |
| Cash      and cash equivalents                                                            |   | $ | 15,784 |   |   | $ | 14,254 |   |   | $ | 42,044 |   |
| Securities      available for sale, at fair value                                         |   |   | 271,377 |   |   |   | 201,257 |   |   |   | 171,474 |   |
| Securities      held to maturity, at amortized cost                                       |   |   | 3,630 |   |   |   | 3,632 |   |   |   | 3,913 |   |
| Federal      Home Loan Bank of Boston stock, at cost                                      |   |   | 10,257 |   |   |   | 10,257 |   |   |   | 9,885 |   |
| Short-term      investments                                                               |   |   | 1,043 |   |   |   | 1,030 |   |   |   | - |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans:                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential      mortgages                                                                |   |   | 343,480 |   |   |   | 339,470 |   |   |   | 325,948 |   |
| Commercial      mortgages                                                                 |   |   | 213,322 |   |   |   | 214,776 |   |   |   | 197,514 |   |
| Construction      loans                                                                   |   |   | 41,002 |   |   |   | 42,059 |   |   |   | 48,748 |   |
| Commercial      loans                                                                     |   |   | 81,385 |   |   |   | 81,562 |   |   |   | 67,723 |   |
| Home      equity loans                                                                    |   |   | 115,931 |   |   |   | 116,241 |   |   |   | 116,350 |   |
| Consumer      loans                                                                       |   |   | 29,867 |   |   |   | 30,587 |   |   |   | 29,681 |   |
| Total      loans                                                                          |   |   | 824,987 |   |   |   | 824,695 |   |   |   | 785,964 |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      deferred loan costs and fees                                                     |   |   | 2,171 |   |   |   | 2,136 |   |   |   | 1,367 |   |
| Allowance      for loan losses                                                            |   |   | (7,646 | ) |   |   | (7,714 | ) |   |   | (7,426 | ) |
| Loans,      net                                                                           |   |   | 819,512 |   |   |   | 819,117 |   |   |   | 779,905 |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      real estate owned                                                              |   |   | 1,030 |   |   |   | 880 |   |   |   | - |   |
| Premises      and equipment, net                                                          |   |   | 10,579 |   |   |   | 10,600 |   |   |   | 10,673 |   |
| Bank-owned      life insurance                                                            |   |   | 6,733 |   |   |   | 6,652 |   |   |   | 6,473 |   |
| Other      assets                                                                         |   |   | 13,352 |   |   |   | 11,602 |   |   |   | 9,331 |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      assets                                                                         |   | $ | 1,153,297 |   |   | $ | 1,079,281 |   |   | $ | 1,033,698 |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities      and Stockholders' Equity                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits:                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand                                                                                    |   | $ | 108,819 |   |   | $ | 102,010 |   |   | $ | 102,513 |   |
| NOW                                                                                       |   |   | 34,159 |   |   |   | 35,207 |   |   |   | 38,227 |   |
| Savings                                                                                   |   |   | 75,469 |   |   |   | 65,711 |   |   |   | 68,006 |   |
| Money      market                                                                         |   |   | 177,879 |   |   |   | 168,107 |   |   |   | 177,173 |   |
| Certificates      of deposit                                                              |   |   | 359,198 |   |   |   | 347,647 |   |   |   | 331,020 |   |
| Total      deposits                                                                       |   |   | 755,524 |   |   |   | 718,682 |   |   |   | 716,939 |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal      Home Loan Bank of Boston advances                                            |   |   | 141,409 |   |   |   | 107,997 |   |   |   | 162,171 |   |
| Repurchase      agreements                                                                |   |   | 9,686 |   |   |   | 13,864 |   |   |   | 8,825 |   |
| Escrow      funds held for borrowers                                                      |   |   | 1,514 |   |   |   | 1,356 |   |   |   | 1,537 |   |
| Due      to broker                                                                        |   |   | 8,410 |   |   |   | - |   |   |   | - |   |
| Capitalized      lease obligation                                                         |   |   | 1,880 |   |   |   | 1,890 |   |   |   | 1,919 |   |
| Accrued      expenses and other liabilities                                               |   |   | 6,462 |   |   |   | 9,372 |   |   |   | 3,822 |   |
| Total      liabilities                                                                    |   |   | 924,885 |   |   |   | 853,161 |   |   |   | 895,213 |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Stockholders'      Equity:                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred      stock, par value $0.01 per share, authorized 50,000,000    shares          |   |   |   |   |   |   |   |   |   |
|  at      March 31, 2008 and December 31, 2007 and 5,000,000 shares    at             |   |   |   |   |   |   |   |   |   |   |   |   |
|  March      31, 2007; none issued                                                    |   |   | - |   |   |   | - |   |   |   | - |   |
| Common      stock, par value $0.01 per share; shares authorized 100,000,000      at       |   |   |   |   |   |   |   |   |   |
|  March      31, 2008 and at December 31, 2007 and 60,000,000 at March 31,      2007; |   |   |   |   |   |   |   |   |   |
|  shares      issued and outstanding: 17,763,747 at March 31, 2008 andat              |   |   |   |   |   |   |   |   |   |   |   |   |
|  December      31, 2007; shares issued: 17,205,995 at March 31, 2007                 |   |   | 178 |   |   |   | 178 |   |   |   | 172 |   |
| Additional      paid-in capital                                                           |   |   | 166,289 |   |   |   | 165,920 |   |   |   | 76,197 |   |
| Retained      earnings                                                                    |   |   | 74,005 |   |   |   | 73,026 |   |   |   | 70,798 |   |
| Unearned      compensation                                                                |   |   | (12,659 | ) |   |   | (12,835 | ) |   |   | (5,661 | ) |
| Accumulated      other comprehensive gain (loss), net of taxes                            |   |   | 599 |   |   |   | (169 | ) |   |   | (1,508 | ) |
| Treasury      stock, at cost (109,861 shares at March 31, 2007)                           |   |   | - |   |   |   | - |   |   |   | (1,513 | ) |
| Total      stockholders' equity                                                           |   |   | 228,412 |   |   |   | 226,120 |   |   |   | 138,485 |   |
|                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      liabilities and stockholders' equity                                           |   | $ | 1,153,297 |   |   | $ | 1,079,281 |   |   | $ | 1,033,698 |   |

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| UNITED      FINANCIAL BANCORP, INC. AND SUBSIDIARY        |
|-----------------------------------------------------------|
| CONSOLIDATED      INCOME STATEMENTS                       |
| (Amounts      in thousands, except per share amounts)     |
|                                                      |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |
|                                                      |   | Three      Months Ended |   |
|                                                      |   | March      31, |   |
|                                                      |   | 2008 |   |   | 2007 |   |
|                                                      |   | (unaudited) |   |
| Interest      and dividend income:                        |   |   |   |   |   |   |
| Loans                                                     |   | $ | 12,547 |   |   | $ | 11,955 |   |
| Investments                                               |   |   | 2,618 |   |   |   | 1,982 |   |
| Other      interest-earning assets                        |   |   | 241 |   |   |   | 375 |   |
| Total      interest and dividend income                   |   |   | 15,406 |   |   |   | 14,312 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Interest      expense:                                    |   |   |   |   |   |   |   |   |
| Deposits                                                  |   |   | 4,973 |   |   |   | 5,181 |   |
| Borrowings                                                |   |   | 1,402 |   |   |   | 2,175 |   |
| Total      interest expense                               |   |   | 6,375 |   |   |   | 7,356 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Net      interest income before provision for loan losses |   |   | 9,031 |   |   |   | 6,956 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Provision      for loan losses                            |   |   | 184 |   |   |   | 284 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Net      interest income after provision for loan losses  |   |   | 8,847 |   |   |   | 6,672 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Non-interest      income:                                 |   |   |   |   |   |   |   |   |
| Net      gain on sales of securities                      |   |   | 8 |   |   |   | 14 |   |
| Fee      income on depositors’ accounts             |   |   | 1,077 |   |   |   | 1,038 |   |
| Wealth      management income                             |   |   | 150 |   |   |   | 121 |   |
| Other      income                                         |   |   | 284 |   |   |   | 225 |   |
| Total      non-interest income                            |   |   | 1,519 |   |   |   | 1,398 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Non-interest      expense:                                |   |   |   |   |   |   |   |   |
| Salaries      and benefits                                |   |   | 4,041 |   |   |   | 3,838 |   |
| Occupancy      expenses                                   |   |   | 509 |   |   |   | 491 |   |
| Marketing      expenses                                   |   |   | 358 |   |   |   | 322 |   |
| Data      processing expenses                             |   |   | 719 |   |   |   | 642 |   |
| Professional      fees                                    |   |   | 443 |   |   |   | 389 |   |
| Other      expenses                                       |   |   | 1,106 |   |   |   | 965 |   |
| Total      non-interest expense                           |   |   | 7,176 |   |   |   | 6,647 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Income      before income taxes                           |   |   | 3,190 |   |   |   | 1,423 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Income      tax expense                                   |   |   | 1,224 |   |   |   | 589 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Net      income                                           |   | $ | 1,966 |   |   | $ | 834 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Earnings      per share:                                  |   |   |   |   |   |   |   |   |
| Basic                                                     |   | $ | 0.12 |   |   | $ | 0.05 |   |
| Diluted                                                   |   | $ | 0.12 |   |   | $ | 0.05 |   |
|                                                      |   |   |   |   |   |   |   |   |
| Weighted      average shares outstanding:                 |   |   |   |   |   |   |   |   |
| Basic                                                     |   |   | 16,231 |   |   |   | 16,938 |   |
| Diluted                                                   |   |   | 16,271 |   |   |   | 16,999 |   |

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| UNITED      FINANCIAL BANCORP, INC. AND SUBSIDIARY                                                                                 |
|------------------------------------------------------------------------------------------------------------------------------------|
| SELECTED      DATA AND RATIOS (unaudited)                                                                                          |
| (Dollars      in thousands, except per share amounts)                                                                              |
|                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                               |   | At      or For The Quarters Ended |   |
|                                                                                                                               |   | Mar.      31 |   |   | Dec.      31 |   |   | Sept.      30 |   |   | Jun.      30 |   |   | Mar.      31 |   |
|                                                                                                                               |   | 2008 |   |   | 2007 |   |   | 2007 |   |   | 2007 |   |   | 2007 |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      Results:                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      interest income                                                                                                           |   | $ | 9,031 |   |   | $ | 7,823 |   |   | $ | 7,253 |   |   | $ | 7,135 |   |   | $ | 6,956 |   |
| Loan      loss provision                                                                                                           |   |   | 184 |   |   |   | 385 |   |   |   | 436 |   |   |   | 320 |   |   |   | 284 |   |
| Non-interest      income                                                                                                           |   |   | 1,519 |   |   |   | 1,490 |   |   |   | 1,412 |   |   |   | 1,435 |   |   |   | 1,398 |   |
| Non-interest      expenses                                                                                                         |   |   | 7,176 |   |   |   | 6,686 |   |   |   | 6,131 |   |   |   | 6,575 |   |   |   | 6,647 |   |
| Net      income                                                                                                                    |   |   | 1,966 |   |   |   | 1,274 |   |   |   | 1,291 |   |   |   | 978 |   |   |   | 834 |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Performance      Ratios (annualized):                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Return      on average assets                                                                                                      |   |   | 0.72 | % |   |   | 0.48 | % |   |   | 0.50 | % |   |   | 0.38 | % |   |   | 0.33 | % |
| Return      on average equity                                                                                                      |   |   | 3.46 | % |   |   | 3.02 | % |   |   | 3.69 | % |   |   | 2.82 | % |   |   | 2.41 | % |
| Net      interest margin                                                                                                           |   |   | 3.40 | % |   |   | 3.02 | % |   |   | 2.91 | % |   |   | 2.90 | % |   |   | 2.82 | % |
| Non-interest      income to average total assets                                                                                   |   |   | 0.55 | % |   |   | 0.56 | % |   |   | 0.55 | % |   |   | 0.56 | % |   |   | 0.55 | % |
| Non-interest      expense to average total assets                                                                                  |   |   | 2.62 | % |   |   | 2.50 | % |   |   | 2.38 | % |   |   | 2.58 | % |   |   | 2.62 | % |
| Efficiency      ratio (excludes gains/losses on sales of securities and    loans)                                                  |   |   | 68.07 | % |   |   | 70.99 | % |   |   | 69.63 | % |   |   | 76.34 | % |   |   | 79.70 | % |
|                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Per      Share Data:                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      earnings per share                                                                                                    |   | $ | 0.12 |   |   | $ | 0.08 |   |   | $ | 0.08 |   |   | $ | 0.06 |   |   | $ | 0.05 |   |
| Book      value per share                                                                                                          |   | $ | 12.86 |   |   | $ | 12.73 |   |   | $ | 8.28 |   |   | $ | 8.12 |   |   | $ | 8.10 |   |
| Market      price at period end (1)                                                                                                |   | $ | 11.08 |   |   | $ | 11.10 |   |   | $ | 12.06 |   |   | $ | 13.59 |   |   | $ | 14.27 |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Risk      Profile                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-performing      assets as a percent of total assets                                                                            |   |   | 0.32 | % |   |   | 0.25 | % |   |   | 0.18 | % |   |   | 0.29 | % |   |   | 0.13 | % |
| Non-performing      loans as a percent of total loans, gross                                                                       |   |   | 0.32 | % |   |   | 0.22 | % |   |   | 0.12 | % |   |   | 0.37 | % |   |   | 0.17 | % |
| Allowance      for loan losses as a percent of total loans, gross                                                                  |   |   | 0.93 | % |   |   | 0.94 | % |   |   | 0.93 | % |   |   | 0.96 | % |   |   | 0.94 | % |
| Allowance      for loan losses as a percent of non-performing loans                                                                |   |   | 285.41 | % |   |   | 432.16 | % |   |   | 755.16 | % |   |   | 259.79 | % |   |   | 570.35 | % |
| Equity      as a percentage of assets                                                                                              |   |   | 19.81 | % |   |   | 20.95 | % |   |   | 13.28 | % |   |   | 13.55 | % |   |   | 13.40 | % |
|                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average      Balances                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                                                                                                                              |   | $ | 828,302 |   |   | $ | 820,164 |   |   | $ | 812,756 |   |   | $ | 797,751 |   |   | $ | 776,301 |   |
| Securities                                                                                                                         |   |   | 211,880 |   |   |   | 193,099 |   |   |   | 168,498 |   |   |   | 166,163 |   |   |   | 180,491 |   |
| Total      interest-earning assets                                                                                                 |   |   | 1,061,978 |   |   |   | 1,036,253 |   |   |   | 998,336 |   |   |   | 985,519 |   |   |   | 985,112 |   |
| Total      assets                                                                                                                  |   |   | 1,095,866 |   |   |   | 1,069,060 |   |   |   | 1,032,225 |   |   |   | 1,018,509 |   |   |   | 1,016,369 |   |
| Deposits                                                                                                                           |   |   | 730,094 |   |   |   | 721,634 |   |   |   | 720,330 |   |   |   | 715,173 |   |   |   | 691,532 |   |
| FHLB      advances                                                                                                                 |   |   | 116,519 |   |   |   | 157,819 |   |   |   | 156,150 |   |   |   | 149,853 |   |   |   | 170,727 |   |
| Capital                                                                                                                            |   |   | 227,413 |   |   |   | 168,910 |   |   |   | 139,820 |   |   |   | 138,896 |   |   |   | 138,296 |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average      Yields/Rates (annualized)                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                                                                                                                              |   |   | 6.06 | % |   |   | 6.24 | % |   |   | 6.26 | % |   |   | 6.19 | % |   |   | 6.16 | % |
| Securities                                                                                                                         |   |   | 4.94 | % |   |   | 4.87 | % |   |   | 4.79 | % |   |   | 4.46 | % |   |   | 4.39 | % |
| Total      interest-earning assets                                                                                                 |   |   | 5.80 | % |   |   | 5.96 | % |   |   | 6.00 | % |   |   | 5.89 | % |   |   | 5.81 | % |
|                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Savings      accounts                                                                                                              |   |   | 0.98 | % |   |   | 1.05 | % |   |   | 0.90 | % |   |   | 0.91 | % |   |   | 0.86 | % |
| Money      market/NOW accounts                                                                                                     |   |   | 2.03 | % |   |   | 2.71 | % |   |   | 2.81 | % |   |   | 2.76 | % |   |   | 2.69 | % |
| Certificates      of deposit                                                                                                       |   |   | 4.24 | % |   |   | 4.66 | % |   |   | 4.70 | % |   |   | 4.58 | % |   |   | 4.50 | % |
| FHLBB      advances                                                                                                                |   |   | 4.47 | % |   |   | 4.82 | % |   |   | 4.90 | % |   |   | 4.75 | % |   |   | 4.74 | % |
| Total      interest-bearing liabilities                                                                                            |   |   | 3.37 | % |   |   | 3.87 | % |   |   | 3.92 | % |   |   | 3.79 | % |   |   | 3.77 | % |
|                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)      Prices at September 30, June 30, and March 31, 2007 have been adjusted by      the second step exchange ratio of 1.04079. |   |