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                                  PRESS RELEASE

      NAUGATUCK VALLEY SAVINGS AND LOAN ANNOUNCES PLANS TO OPEN A BRANCH IN
                           HERITAGE VILLAGE SOUTHBURY


      Naugatuck, Connecticut. March 25, 2008. - Naugatuck Valley Savings and
Loan, the wholly-owned subsidiary of Naugatuck Valley Financial Corporation
(NASDAQ Global Market: "NVSL") today announced its plans to open a full service
branch at 3 Village Green, Southbury, CT. This Heritage Village location is
currently occupied by a branch of Wachovia Bank. Wachovia Bank has announced
plans to close the branch in April 2008. It is anticipated that the location
will open as a branch of Naugatuck Valley Savings and Loan in July 2008 after a
short period of renovation.

      Naugatuck Valley Savings and Loan President and CEO John C. Roman stated
that, "We are excited to take advantage of this opportunity to bring our brand
of personalized banking to the residents of Heritage Village and the surrounding
areas of Southbury. This new branch represents a continuation of our strategy of
market expansion through de-novo branching."

      In addition to its main office, Naugatuck Valley Savings and Loan
currently operates eight offices in Southwest Connecticut. Naugatuck Valley
Savings and Loan is a community oriented financial institution dedicated to
serving the financial services needs of consumers and businesses within its
market area.

      This release contains "forward-looking statements which may describe
future plans and strategies. Management's ability to predict results or the
effect of future plans or strategies is inherently uncertain. Factors that could
affect our actual results include market interest rate trends, the general
regional and national economic market, our ability to control costs and
expenses, actions by our competitors and their pricing, loan delinquency rates,
and changes in state and federal regulation. As we have no control over these
factors, they should be considered in evaluating any forward-looking statements
and undue reliance should not be placed on such statement. Except as required by
applicable law or regulation, Naugatuck Valley Financial Corporation disclaims
any obligation to update such forward-looking statements.

Contact: John C. Roman
         President and Chief Executive Officer
         Naugatuck Valley Financial Corporation
         (203) 720-5000