Exhibit 99.1
                                                    Press Release dated 11-30-06

News Release
For Immediate Release

    First Litchfield Financial Corporation Declares Stock and Cash Dividends

Litchfield,   Connecticut,   November  30,  2006--First   Litchfield   Financial
Corporation,  (NASDQ:FLFL)  (the  "Company"),  the holding company for The First
National Bank of Litchfield  (the "Bank"),  today  declared a 5% stock  dividend
payable  December 29, 2006 to  shareholders of record on December 15, 2006. This
will mark the 29th consecutive year the Company has issued a 5% stock dividend.

In addition,  the Board of Directors declared a quarterly cash dividend of $0.15
per share  payable on January 26, 2007 to  shareholders  of record on January 5,
2007.

                              Safe-Harbor Statement

Statements  contained in this news release  contain  forward-looking  statements
within the  meaning of the  Private  Securities  Litigation  Reform Act of 1995.
These statements are based on the beliefs and expectations of management as well
as the  assumption  made using  information  currently  available to management.
Since these statements reflect the views of management concerning future events,
these statements involve risks, uncertainties and assumptions,  including, among
others:  changes in market  interest  rates and  general and  regional  economic
conditions; changes in government regulations; changes in accounting principles;
and the quality or composition  of the loan and investment  portfolios and other
factors that may be described in the  Company's  quarterly  reports on Form 10-Q
and its annual report on Form 10-K,  each filed with the Securities and Exchange
Commission,  which are  available at the  Securities  and Exchange  Commission's
internet website (www.sec.gov) and to which reference is hereby made. Therefore,
actual future  results may differ  significantly  from results  discussed in the
forward-looking statements.

                                   About FNBL

One of the oldest nationally  chartered banks in the country, The First National
Bank of Litchfield  (www.fnbl.com)  has served the  communities of  northwestern
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Connecticut since 1814. It has full- service banking offices in Canton,  Goshen,
Litchfield,  Marble Dale, New Milford, Roxbury,  Washington and Torrington, with
total assets of over $500 million.  The Bank provides  consumer,  commercial and
retail  investment  and insurance  products and  services,  as well as equipment
leasing through its new subsidiary,  First Litchfield Leasing  Corporation.  Its
Trust and Wealth  Management group offers asset management and estate settlement
services to individuals, non-profit and commercial customers.

Contact:  Carroll A. Pereira
          (860) 567-2674

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