Naugatuck Valley Financial Corporation Announces Cash Dividend

NAUGATUCK, Conn., July 16, 2008 (PRIME NEWSWIRE) -- The Board of Directors of Naugatuck Valley Financial Corporation (Nasdaq:NVSL) yesterday declared a cash dividend for the quarter ended June 30, 2008, of $.06 per share to stockholders of record on August 4, 2008. Payment of the cash dividend will be made on or about September 2, 2008.

Naugatuck Valley Financial Corporation is the holding company for Naugatuck Valley Savings and Loan and is headquartered in Naugatuck, Connecticut. Naugatuck Valley Savings and Loan operates ten offices in Naugatuck, Beacon Falls, Shelton, Derby, Seymour, Waterbury, Southbury and Cheshire Connecticut.

The Naugatuck Valley Financial Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3632

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