BNS Holding, Inc. Shareholders Re-Elect Directors at 2006 Annual Meeting.

MIDDLETOWN, R.I. -- BNS Holding, Inc. (OTCBB:BNSIA) announced that at its 2006 Annual Meeting the Company's shareholders voted to approve the election of five directors and the ratification of Ernst and Young as auditors for the 2006 fiscal year. The directors re-elected were Richard M. Donnelly, J. Robert Held, Jack Howard, James Henderson and Kenneth Kermes. Each will serve for a term expiring on the date of the next annual meeting or until his respective successor is elected and qualified.

In remarks during the meeting, Michael Warren, President and CEO of the Company, commented on the Company's search for a suitable acquisition candidate. "In 2005, the Company put substantial effort into a potential acquisition and was prepared to sign an acquisition agreement on December 30. However, at that time the seller was unable to complete the transaction. The Company withdrew its offer on April 21 after giving the seller a chance to resolve the issue, and wrote off deferred acquisition costs of approximately $821 thousand in the first quarter of 2006.

"As of March 31, 2006, the Company had just over $20 million in unrestricted cash. After consideration of an adequate reserve for contingencies, the balance of these funds are available for a merger or acquisition transaction. A potential transaction may also involve the assumption of debt. To date we have not identified a viable acquisition candidate. Once the Company has identified a candidate, we will seek to negotiate a definitive merger or acquisition agreement. However, there is no assurance that the Company will be able to identify and close on an acquisition."

This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of assumptions, risks, and uncertainties that could cause the actual results of the Company to differ materially from those matters expressed in or implied by such forward-looking statements. They involve known and unknown risks, uncertainties, and other factors, which are in some cases beyond the control of the Company, including whether it will be able to acquire a business or operate it profitably. Additional information regarding these risk factors and uncertainties is described more fully in the Company's SEC filings. A copy of all filings may be obtained from the SEC's EDGAR web site, www.sec.gov, or by contacting: Michael Warren, President and Chief Executive Officer, telephone [phone]. The Company does not maintain a web site.