United Bank Opens Branch in Agawam, MA and Announces Plans for a New Branch in Chicopee, MA

Located at 806 Suffield Street, the new branch extends the Bank's footprint in theAgawam community and complements its branch in theFeeding Hills section of town just three miles away. Lead by Personal Banking Officer Lori Stickles, Customer Service Representative Christine Capua and Branch Operations Supervisor Michelle Winer and their team of banking professionals, the branch has office space for members of the Bank's commercial lending division and wealth management group as well as a business development officer and a mortgage origination officer to meet the banking needs ofAgawam businesses and residents. Development Associates ofAgawam was the developer for this project.

"TheAgawam branch is off to a start like no other branch and has been well received by the community," said Richard B. Collins, Chairman, President and CEO. "Its first three weeks of operation have exceeded our expectations for deposit growth and new account openings."

The Company also announced its intention to open a full service branch in Chicopee, MA later this year pending regulatory approval. TheChicopee branch will expand the Bank's retail network to 16 full service branches, two stand-alone drive-up facilities (aNorthampton, MA drive-up branch is scheduled to open this summer) and two free-standing ATMs.

United Financial Bancorp, Inc. is a publicly owned corporation and the holding company for United Bank, a federally chartered bank headquartered at 95 Elm Street,West Springfield, MA 01090. As of March 31, 2008, the Company had consolidated assets of $1.2 billion. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol UBNK. United Bank provides an array of financial products and services through its 15 branch offices located throughoutWestern Massachusetts. Through its Wealth Management Group and its partnership with NFP Securities, Inc., the Bank is able to offer access to a wide range of investment and insurance products and services, as well as financial, estate and retirement strategies and products. For more information regarding the Bank's products and services and for United Financial Bancorp, Inc. investor relations information, please visit http://www.bankatunited.com.

Except for the historical information contained in this press release, the matters discussed may be deemed to be forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties, including changes in economic conditions in the Company's market area, changes in policies by regulatory agencies, fluctuations in interest rates, demand for loans in the Company's market area, competition, and other risks detailed from time to time in the Company's SEC reports. Actual strategies and results in future periods may differ materially from those currently expected. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.

    For More Information Contact:
    Dena M. Hall
    Vice President
    (413) 787-1292

SOURCE United Financial Bancorp, Inc.

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Copyright © 2008, NewsBlaze, Daily News

Tags: Banking and Finance, massachusetts

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