England Bancshares, Inc. Reports Third Quarter EPS of $.15

New England Bancshares, Inc.

, the holding company for New England Bank, today announced net income for the quarter ended December 31, 2010 of $910,000, or $0.15 per diluted share as compared to $856,000, or $0.14 per diluted share, for the quarter ended December 31, 2009. For the nine months ended December 31, 2010 the Company reported net income of $2.4 million, or $0.41 per diluted share, as compared to $976,000, or $0.16 per diluted share, for the same period last year. The increases were primarily attributable to higher net interest income and lower provision for loan losses for the current year periods.