EXHIBIT 99.1

For Immediate Release

Contact:
Kenneth A. Wilman, Jr., President and Chief Executive Officer
(603) 332-2610


          PROFILE BANCORP, INC. ANNOUNCES TERMINATION OF MUTUAL HOLDING
               COMPANY REORGANIZATION AND MINORITY STOCK OFFERING


JANUARY 18, 2008, Rochester, New Hampshire - Profile Bancorp, Inc. (the
"Company"), the proposed holding company for Profile Bank, FSB, today announced
the termination of its mutual holding company reorganization and minority stock
offering. The Company had previously extended the community offering to January
21, 2008. Subscriptions received to date are not sufficient to reach the minimum
of the offering range and will be returned with interest, as provided in the
prospectus dated November 9, 2007, to the subscribers of the Company's common
stock.

Kenneth A. Wilman, Jr., President and Chief Executive Officer of the Company,
said, "Market conditions for bank and thrift stocks have changed significantly
since we began the stock offering process seven months ago. Taking into
consideration many factors, the Board of Directors has determined not to
continue its stock offering at this time. We believe that it is in the best
interests of the members of Profile Bank, FSB to terminate the mutual holding
company reorganization and minority stock offering and reassess our strategic
options in the future when market conditions for such transactions improve. We
greatly appreciate the support we did receive from our customers and depositors
that submitted subscriptions."

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This press release contains certain forward-looking statements about the
proposed stock issuance by the Company. These include statements regarding the
proposed timing of the offering and the number of shares expected to be ordered
in the offering. Forward-looking statements can be identified by the fact that
they do not relate strictly to historical or current facts. They often include
words like "believe," "expect," "anticipate," "estimate" and "intend" or future
or conditional verbs such as "will," "would," "should," "could" or "may."
Certain factors that could cause actual results to differ materially from
expected results include delays in the offering, changes in the interest rate
environment, changes in general economic conditions, legislative and regulatory
changes that adversely affect the business of Profile Bank, FSB and changes in
the securities markets. Except as required by law, the Company does not
undertake any obligation to update any forward-looking statements to reflect
changes in belief, expectations or events.