Naugatuck Valley
Financial Corporation NVSL, the holding company for
Naugatuck Valley Savings and Loan (the "Bank" or "Naugatuck Valley"),
announced today the appointment of William C. Calderara as President and Chief
Executive Officer of both the Company and the Bank effective September 28,
2012. The Bank has received the non-objection of the Office of the Comptroller
of the Currency (the "OCC") to the immediate appointment of Mr. Calderara,
subject to the OCC issuing its formal non-objection to the Bank's formal
notice that he serve as the Bank's President and Chief Executive Officer.
Carlos S. Batista, Chairman of the Board of the Company and the Bank, said,
"Bill Calderara is a well-respected and experienced community bank executive
and we are extremely pleased that he has joined Naugatuck Valley. On behalf of
the Board of Directors, management and employees of Naugatuck Valley, I want
to express our appreciation to Sharon Blanchette and Mark Graveline for their
dedicated service of Co-Interim President and Chief Executive Officer.
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