NewAlliance Bank To Open Branch in Downtown Hartford, Connecticut

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Media Contact:
Paul McCraven
Senior Vice President
NewAlliance Bank
203-784-5001

New Haven, Connecticut, December 9, 2009 – NewAlliance Bank, a subsidiary of NewAlliance Bancshares, Inc. (NYSE: NAL), today announced plans to open a branch in downtown Hartford, Connecticut. The branch is scheduled to open in early 2010.

The branch will be located in Hartford 21, which is owned and operated by Northland Investment Corporation. This marks the first opening of a bank branch in downtown Hartford since June, 2008.

NewAlliance, which has 87 branches in Connecticut and Western Massachusetts, has been steadily increasing its presence in the Hartford region. The downtown facility marks the bank’s second branch in the city of Hartford; NewAlliance opened a branch in the Parkville area in 2005.

“We are excited about being part of downtown Hartford,” said NewAlliance Chairman, President and CEO Peyton R. Patterson. “We have a presence in many of Hartford’s suburban areas and our Parkville branch has been serving one of the city’s important neighborhoods. Now is a key time to move into downtown Hartford and become a financial resource for the residents there, and the many people who come in and out every day for work and visits.”

The plans for the new branch include a state-of-the art facility that will front Trumbull Street and offer a distinctive and engaging retail experience for customers. NewAlliance intends to offer a full suite of commercial products and services designed to meet the needs of medium-to-small businesses; a full range of personal banking services, including checking, savings, and investment products; and a variety of amenities including online banking and 24 hour ATM service to meet the needs of downtown Hartford’s workers and residents.

NewAlliance Bancshares, Inc. is a New Haven, Connecticut headquartered regional banking and financial services company and the parent company of NewAlliance Bank, the third largest bank headquartered in Connecticut and the fourth largest headquartered in New England. In addition to offering a full range of consumer and commercial banking services, NewAlliance Bank also provides trust services and investment and insurance products and services. On September 30, 2009, the Company had $8.54 billion in assets and operated 87 banking offices in Connecticut and Massachusetts.

News Source : NewAlliance Bank To Open Branch in Downtown Hartford, Connecticut