Press Release

Fairfield County Bank Corp. Holds 135th Annual Meeting

July 28, 2006 — On Tuesday, July 18, 2006, Fairfield County Bank Corp. held its 135th Annual Meeting at Silver Spring County Club in Ridgefield, CT. The 100 attendees included the Bank’s Board of Directors, Board of Incorporators and senior employees.

Paul S. McNamara, Chairman of the Board, announced that the Board of Incorporators had unanimously approved the formation of a Mutual Holding Company that will own Fairfield County Bank Corp. He explained that Fairfield County Bank Corp. will remain an independent bank and that no stock would be issued to the public in this transaction.

Mr. McNamara stated, “The formation of the Mutual Holding Company will have no affect on customers, branch offices, employees or the communities we serve. Fairfield County Bank Corp.’s strong commitment to the community will continue through its significant contributions and support.” Mr. McNamara added that this form of organization will give the Bank additional access to capital markets and better position it for potential future expansion.

A vote was taken and the formation of a mutual holding company was unanimously approved by the 82 Incorporators voting. Mr. McNamara stated that the bank would now apply for regulatory permission to proceed with the holding company formation. The holding company will be named Fairfield County Bank, MHC.

Gary C. Smith, President and CEO of Fairfield County Bank Corp., provided a 10-year overview of the Bank’s operations and performance. As of June 30, 2006, the Bank had $1.3 billion in assets, an average five-year asset growth rate of 10% and is highly capitalized.

Headquartered in Ridgefield, CT, Fairfield County Bank Corp., operates two divisions: the Ridgefield Bank division with 6 branches in Ridgefield, Georgetown and Wilton; and the Fairfield County Bank division with 11 branches in Darien, Fairfield, Norwalk, Rowayton, and Westport.