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Financial Releases
May 26, 2010	Union Savings Bank Hosts Small Business Seminar
May 25, 2010	Union Savings Bank Announces New Members of Board of Trustees
April 7, 2010	Union Savings Bank Completes Acquisition of First Litchfield Financial Corporation
Feb. 19, 2010	First Litchfield Financial Corporation's Stockholders Approve The Merger With Union Savings Bank
October 26, 2009	Union Savings Bank and First Litchfield Financial Corporation Announces Merger Agreement

UNION SAVINGS BANK HOSTS SMALL BUSINESS SEMINAR AT OLIVER WOLCOTT LIBRARY

[Litchfield, Conn., May 26, 2010] – In its goal to provide local business owners in western Connecticut with the tools they can use to grow, Union Savings Bank recently co-sponsored with Accounting & More, LLC in Litchfield a small business evening seminar at Litchfield’s Oliver Wolcott Library to introduce local employees to QuickBooks accounting software. The seminar is one of several being planned in the region.

At the event, Gwen Burgess, Certified QuickBooks ProAdvisor and owner of Accounting and More, provided an overview of the QuickBooks program and entry-level instruction on its key features, including: tracking sales and expenses, creating estimates and invoices and preparation for tax time. Burgess also worked with many in the group of 26 attendees, comprised of small business owners and representatives from non-profit and government offices, on a one-on-one basis to provide for each person’s individual ability level and needs.

“The QuickBooks small business seminar proved to be a fun and informative event for all who attended,” said Gina Scherbner, Union Savings Bank vice president, small business development officer. “We are always glad to help the people and businesses in the areas we provide service.”

Union Savings Bank works with Burgess to conduct a number of small business seminars throughout the year in the communities it serves.

UNION SAVINGS BANK ANNOUNCES NEW MEMBERS OF BOARD OF TRUSTEES

John A. Brighenti, Gresgory S. Oneglia and H. Ray Underwood Join Union Savings Bank Board of Trustees

[Danbury, Conn., May 25, 2010] – Union Savings Bank President and CEO John C. Kline and Chairman of the Board Thomas A. Frizzell are pleased to announce the appointment of John A. Brighenti, Gregory S. Oneglia and H. Ray Underwood to the bank’s board of trustees. The three new trustees join Union Savings Bank’s board after serving as board members of The First National Bank of Litchfield, which was recently merged with Union Savings Bank on April 7, 2010.

“Union Savings Bank is pleased to welcome John, Greg and Ray to Union Savings Bank’s board of trustees,” said Kline. “Their previous bank board governance experience along with their high level of business expertise and deep ties within their communities will be beneficial to the bank as it expands into Litchfield and Hartford County.”

Brighenti joins Union Savings Bank’s board after serving as a director of The First National Bank of Litchfield. He is vice president of Avon Plumbing & Heating Company, a third generation family-owned business that serves residential and commercial clients in northwestern Connecticut.

As president and director of Classic Hotels of Connecticut, which includes Avon Old Farms Hotel, Simsbury Inn, Simsbury 1820 House and Farmington Inn, Brighenti oversaw two expansions of the Avon Old Farms Hotel and played an active role in the acquisition of the other properties. In addition, Brighenti developed the Avon Wellness Center, a 75,000 square foot facility dedicated to all aspects of health care.

A resident of Canton, Conn., Brighenti is active in the region’s civic organizations. He is a director of Avon Water Company, a director of Canton Advocates for Responsible Expansion, and a volunteer with Habitat for Humanity, among other civic groups. He is also a corporator at Hartford Hospital.

Oneglia also served as a director of The First National Bank of Litchfield. Oneglia is vice chairman of O & G Industries, Inc., a diversified construction services company based in Torrington, Conn.

A resident of Litchfield, Conn., Oneglia serves as a director for several organizations including the Torrington Water Company, Connecticut Junior Republic and Connecticut Rivers Council – Boy Scouts of America. He is also a trustee to the Carpentry Industry Promotion Fund, Connecticut’s Laborer’s Legal Services Fund and St. Anthony of Padua Parish Council.

Oneglia has served in board and trustee positions with the Connecticut Business and Industry Association, The Seherr-Thoss Foundation, Associated General Contractors of Connecticut and Oliver Wolcott Library. Oneglia graduated from The Taft School, where he later became a trustee. A former member of the Connecticut National Guard, Oneglia received a bachelor’s degree in economics from Union College and a doctorate from the University of Connecticut School of Law.

Underwood brings a wealth of entrepreneurial experience and scientific expertise to Union Savings Bank. In addition to serving twelve years as a director of The First National Bank of Litchfield, he owned and operated Underwood Services, an excavating company in New Preston, for nearly 25 years.

A magna cum laude graduate of the University of Connecticut with a bachelor’s degree in geology and a master’s degree in geological sciences, Underwood is a founding member of the Geological Society of Connecticut. He currently serves as geologist for GeoDesign, a geo-engineering firm in Middlebury, Conn. and is owner of Marbledale Self Storage, New Preston, Conn.

A resident of Washington, Conn., Underwood is chairman of the Washington Village Improvement Society and a director of the Washington Housing Trust. He was previously awarded the Washington Citizen of the Year and more recently served on the Washington Club's board of governors.

About Union Savings Bank
Established in 1866 and headquartered in Danbury, Conn., Union Savings Bank is a $2.5 billion mutual bank dedicated to providing excellent service to its customers and communities. As a full-service financial institution, Union Savings Bank provides banking, mortgage, investment and insurance products throughout western Connecticut with 28 offices in Bethel, Bridgewater, Brookfield, Canton, Danbury, Kent, New Fairfield, Goshen, Litchfield, Marble Dale, New Milford, Newtown, Ridgefield, Roxbury, Sharon, Southbury, Torrington and Washington Depot. The bank provides financial services to individuals, businesses, not-for-profit organizations and government entities through its commercial, residential and consumer lending divisions, corporate services, retail banking and wealth management & trust division.

For more information, please visit http://www.unionsavings.com

UNION SAVINGS BANK COMPLETES ACQUISITION OF FIRST LITCHFIELD FINANCIAL CORPORATION

Union Savings Bank expands presence in Litchfield, Fairfield, Hartford and New Haven Counties
with a total of 28 branches

Danbury, CT, April 7, 2010 – Union Savings Bank announced today that it has completed its acquisition of First Litchfield Financial Corporation (NASD OTC: FLFL.OB) and its wholly-owned subsidiary The First National Bank of Litchfield (“FNBL”). The combination of Union Savings Bank and FNBL results in a community bank with 28 full service branch offices located throughout western Connecticut. Each FNBL branch office has become a branch office of Union Savings Bank.

John C. Kline, President and Chief Executive Officer of Union Savings Bank stated that, “The combination with FNBL is a natural fit in terms of our locations and, more importantly, our operating philosophy as both banks are locally focused and have long standing ties to their communities. We are very pleased to welcome FNBL’s customers and dedicated employees into our organization.”

Jay C. Lent, Executive Vice President & Chief Operating Officer of Union Savings Bank, said “The combination represents a unique opportunity to create a stronger bank that is capable of delivering a broader array of services to our customers and communities while preserving the legacy of mutual community banking in western Connecticut. The employees of both organizations having been working closely together over the past five months to ensure that our customers will continue to receive the same level of exceptional service that they have come to expect.”

Joseph Greco, former President and Chief Executive Officer of FNBL will serve as regional president focused on customer retention, community outreach and business development. In addition, three members of FNBL Board of Directors will be joining the Board of Trustees of Union Savings Bank.

Union Savings Bank’s new logo and branch signage will replace FNBL immediately. By year’s end, the banks will have integrated their systems, enabling customers of any one branch to seamlessly access their accounts and make transactions in all 28 Union Savings Bank branches.

About Union Savings Bank
Established in 1866 and headquartered in Danbury, Conn., Union Savings Bank is a $2.5 billion mutual bank dedicated to providing excellent service to its customers and communities. As a full-service financial institution, Union Savings Bank provides banking, mortgage, investment and insurance products throughout western Connecticut with 28 offices in Bethel, Bridgewater, Brookfield, Canton, Danbury, Kent, New Fairfield, Goshen, Litchfield, Marble Dale, New Milford, Newtown, Ridgefield, Roxbury, Sharon, Southbury, Torrington and Washington Depot. The bank provides financial services to individuals, businesses, not-for-profit organizations and government entities through its commercial, residential and consumer lending divisions, corporate services, retail banking and investment management and trust services.

For more information, please visit us at unionsavings.com

FIRST LITCHFIELD FINANCIAL CORPORATION’S STOCKHOLDERS APPROVE THE MERGER WITH UNION SAVINGS BANK

Litchfield, Conn., February 19, 2010 -- First Litchfield Financial Corporation (the “Company”), the holding company for Union Savings Bank, announced today that the Company’s stockholders voted to approve the Agreement and Plan of Merger providing for the acquisition of the Company by Union Savings Bank at the Company’s special meeting of stockholders held on February 19, 2010. The number of shares of the Company’s common stock voting to approve the merger agreement represented approximately 91% of the shares voted and 80% of the total number of outstanding shares. The proposed merger is expected to close early in the second quarter of 2010, following the satisfaction or waiver of all of the conditions set forth in the merger agreement, including the receipt of all required regulatory approvals.

Forward-looking Statements

This press release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. First Litchfield Financial Corporation intends for these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of complying with these safe harbor provisions. These forward-looking statements are based on current plans and expectations, which are subject to a number of risk factors and uncertainties that could cause future results to differ materially from historical performance or future expectations. These differences may be the result of various factors, including, among others: (1) failure of the parties to satisfy the closing conditions in the merger agreement in a timely manner or at all; (2) failure to obtain governmental approvals of the merger, or imposition of adverse regulatory conditions in connection with such approvals; (3) disruptions to the parties’ businesses as a result of the announcement and pendency of the merger; and (4) costs or difficulties related to the integration of the businesses following the merger.

For further information on these risk factors and uncertainties, please see First Litchfield Financial Corporation’s filings with the Securities and Exchange Commission, including First Litchfield Financial Corporation’s Annual Report on Form 10-K for the year ended December 31, 2008. First Litchfield Financial Corporation undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or other changes.

END

UNION SAVINGS BANK AND FIRST LITCHFIELD FINANCIAL CORPORATION ANNOUNCE MERGER AGREEMENT

Union Savings Bank to Expand Presence in Litchfield County and Enter Hartford County

Danbury, CT and Litchfield, CT, October 26, 2009 – Union Savings Bank, a Connecticut-chartered mutual savings bank, and First Litchfield Financial Corporation (Symbol: FLFL) jointly announced today that they have entered into a definitive agreement for the merger of First Litchfield Financial Corporation and Union Savings Bank with and into Union Savings Bank.

Under terms of the agreement, upon completion of the merger, each First Litchfield shareholder will receive $15.00 per share in cash, giving the transaction a value of approximately $35 million. The definitive agreement has been unanimously approved by the Boards of Union Savings Bank, First Litchfield and Union Savings Bank.

First Litchfield Financial Corporation, a bank holding company headquartered in Litchfield, Connecticut, is the parent company of Union Savings Bank, a national bank with assets of approximately $520 million and 9 branches in Litchfield and Hartford counties. First Litchfield's common stock is quoted on the NASD Over the Counter Bulletin Board by several member firms under the symbol: FLFL.OB.

Union Savings Bank is a Connecticut-chartered mutual savings bank headquartered in Danbury, Connecticut currently with $2.0 billion in assets. Through its branch network in Fairfield, Litchfield and New Haven counties, the bank provides financial services to individuals, businesses, not-for-profit organizations and government entities through its commercial, residential and consumer lending divisions, corporate services, retail banking, investment management and trust services. For more information, please visit www.unionsavings.com.

When the proposed transaction is completed, Union Savings Bank will have approximately $2.5 billion in assets, $1.7 billion in deposits and 28 branches in Connecticut -- 13 branches in Fairfield County, 13 branches in Litchfield County and one each in New Haven and Hartford counties.

“The merger of Union Savings Bank with Union Savings Bank will significantly expand our market share in Litchfield County and enables us to extend our presence into Hartford County,” said Union Savings Bank President & CEO John Kline. “This acquisition will further our vision of becoming the bank of choice in western Connecticut. We look forward to the opportunity to broaden the reach of our mutual mission which has as its cornerstone a focus on exceeding the expectations of our customers, treating our employees with care and respect, and giving back to the community through generous donations and volunteer time. Because we are not a public company, we can focus on serving our three important constituents—customers, communities, and employees—in the form of great rates and service, donations to the community through Union Savings Bank and the USB Foundation, and generous employee benefits and a great work environment.”

Jay Lent, Executive VP & COO of Union Savings Bank stated, “This will be a perfect strategic fit as Union Savings Bank seeks to grow its community banking footprint in contiguous markets. Together, we will be better able to serve the personal and business needs of First National Bank’s customers with expanded financial resources and lending capacity, but with the same community banking approach. The two banks will fit together perfectly from a branch location standpoint, overlapping only in New Milford where First National has a branch and Union Savings Bank has two branches. We do not expect any branch closures as a result of the transaction and anticipate offering employment to all employees of First National Bank.”

First Litchfield President & CEO Joseph Greco echoed those sentiments by saying, “Both banks have a rich history. Union Savings Bank is the oldest bank in Connecticut, continuously in business since 1814, while Union Savings Bank was founded in 1866. Union Savings Bank shares our commitment to the community, emphasis on above and beyond customer service, and to helping local businesses grow and prosper.”

Greco went on to say, “Union Savings Bank’s commitment to mutuality allows it to focus solely on customers, employees and the community, and with its wide range of products and services for consumers, businesses, not-for-profits, and government entities, I am certain our customers and employees will be well served by this combination. We believe joining forces with Union Savings Bank will allow us to remain locally controlled and focused because of its commitment to mutuality. The combined bank will be a larger and stronger institution which will provide greater opportunities for our employees and more convenience for our customers.”

The transaction is subject to approval by the shareholders of First Litchfield, as well as customary regulatory approvals including the Office of the Comptroller of the Currency, State of Connecticut Department of Banking and the Federal Deposit Insurance Corporation. The transaction is expected to close in the first quarter of 2010.

Union Savings Bank was advised by Sandler O’Neill & Partners, New York, NY, and its legal counsel was Hinkley, Allen & Snyder LLP, Hartford, CT. First Litchfield was advised by Raymond James & Associates, Inc., New York, NY, and its legal counsel was Cranmore, FitzGerald & Meaney, Hartford, CT.

Forward-looking Information: Any forward-looking statements regarding Union Savings Bank’s acquisition of First Litchfield involve uncertainties. Those uncertainties include, but are not limited to: legislation or changes in regulatory requirements, shareholder actions, technical or systems issues affecting dates of consummation or conversion, costs or difficulties related to the integration, realization of expected synergies from the acquisition, and general economic conditions that are less favorable than expected. Neither Union Savings Bank nor First Litchfield undertakes any obligation to update forward-looking statements to reflect events or circumstances that occur after the date on which such statements are made.

This press release does not constitute a solicitation of proxies. First Litchfield will file a proxy statement and other relevant documents concerning the proposed transaction with the Securities and Exchange Commission ("SEC"). Shareholders of First Litchfield are urged to read the proxy statement and all other documents which will be filed with the SEC, and any amendments or supplements to those documents, because they will contain important information which you should consider before making any decision regarding the transaction. You will be able to obtain a free copy of the proxy statement, as well as other filings containing information about First Litchfield, at the SEC's website (www.sec.gov), and at First Litchfield’s website (www.fnbl.com). Copies of the proxy statement may also be obtained without charge, when available, by directing a request to First Litchfield Financial Corporation, 13 North Street, P. O. Box 578, Litchfield, CT 06759.

First Litchfield and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of First Litchfield in connection with the acquisition. Information about the directors and executive officers of First Litchfield and their ownership of First Litchfield common stock is set forth in its proxy statement for its 2009 annual meeting of shareholders, dated April 27, 2009, filed with the SEC which is available at the First Litchfield and SEC websites noted above. Additional information regarding the interests of such participants in the transaction will be contained in the proxy statement when it becomes available.

END

Media Contacts:

Amy Mitchell, Union Savings Bank, 860.567.2672 ext. 7007
amitchell@unionsavings.com

Jenny Smith, Pita Communications, LLC, 860.293.0157 ext. 15
jenny@thepitagroup.com

About Us

Press Room

Financial Releases

UNION SAVINGS BANK HOSTS SMALL BUSINESS SEMINAR AT OLIVER WOLCOTT LIBRARY

UNION SAVINGS BANK ANNOUNCES NEW MEMBERS OF BOARD OF TRUSTEES John A. Brighenti, Gresgory S. Oneglia and H. Ray Underwood Join Union Savings Bank Board of Trustees

UNION SAVINGS BANK COMPLETES ACQUISITION OF FIRST LITCHFIELD FINANCIAL CORPORATION Union Savings Bank expands presence in Litchfield, Fairfield, Hartford and New Haven Counties with a total of 28 branches

Media Contacts:

UNION SAVINGS BANK ANNOUNCES NEW MEMBERS OF BOARD OF TRUSTEES

John A. Brighenti, Gresgory S. Oneglia and H. Ray Underwood Join Union Savings Bank Board of Trustees

UNION SAVINGS BANK COMPLETES ACQUISITION OF FIRST LITCHFIELD FINANCIAL CORPORATION

Union Savings Bank expands presence in Litchfield, Fairfield, Hartford and New Haven Counties
with a total of 28 branches