| For immediate release |
| The Federal Reserve Board on Wednesday announced its approval of the applications and notice by NewAlliance Bancshares, Inc. (In Formation) to become a bank holding company and to acquire New Haven Savings Bank, New Haven, Connecticut; Alliance Bancorp of New England and Tolland Bank, both in Vernon, Connecticut; and Connecticut Bancshares, Inc. and The Savings Bank of Manchester, both in Manchester, Connecticut. Attached is the Board's Order relating to this action. |
2004 Orders on banking applications