SI Financial Group, Inc. Announces Stockholder and Regulatory Approvals of Merger

  SI Financial Group, Inc. Announces Stockholder and Regulatory Approvals of
  Merger

Business Wire

WILLIMANTIC, Conn. -- August 21, 2013

SI Financial Group, Inc. (Nasdaq: SIFI), the holding company for Savings
Institute Bank and Trust Company, announced today that it has received all
necessary regulatory and shareholder approvals to complete its previously
announced acquisition of Newport Bancorp, Inc. The transaction is expected to
close on September 6, 2013, subject to the satisfaction of customary closing
conditions.

About SI Financial Group, Inc.

SI Financial Group, Inc. is the holding company for Savings Institute Bank and
Trust Company. Established in 1842, the Savings Institute Bank and Trust
Company is a community-oriented financial institution headquartered in
Willimantic, Connecticut. Through its twenty branch locations, the Bank offers
a full-range of financial services to individuals, businesses and
municipalities within its market area.

Forward-Looking Statements

This news release contains certain forward-looking statements about the
proposed merger of SI Financial Group and Newport Bancorp. These statements
include statements regarding the anticipated closing date of the transaction.
Forward-looking statements can be identified by the fact that they do not
relate strictly to historical or current facts. They often include words like
“believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or
conditional verbs such as “will,” “would,” “should,” “could” or “may.” Certain
factors that could cause actual results to differ materially from expected
results include delays in completing the merger and other risks and
uncertainties disclosed from time to time in documents that SI Financial Group
files with the Securities and Exchange Commission. For any forward-looking
statements made in this press release or in any documents, SI Financial Group
claims the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.

Contact:

SI Financial Group, Inc.
Rheo A. Brouillard, 860-423-4581
President and Chief Executive Officer
 
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