Chicopee Bancorp, Inc. Announces Annual Meeting Results.

CHICOPEE, Mass. -- First graph, first sentence of release should read: "... meeting of stockholders held on May 30, 2007." (sted "... meeting of stockholders held on May 20, 2007."). Second graph, first bullet, first sentence should read: "William D. Masse" (sted "William D. Masses").

The corrected release reads:

CHICOPEE BANCORP, INC. ANNOUNCES ANNUAL MEETING RESULTS

Chicopee Bancorp, Inc. (the "Company") (NASDAQ: CBNK), the holding company for Chicopee Savings Bank (the "Bank"), announced the results of its 2007 annual meeting of stockholders held on May 30, 2007.

At the annual meeting the vote for each proposal was as follows:

* The stockholders reelect David P. Fontaine, James P. Lynch, William D. Masse, W. Guy Ormsby, Edwin M. Sowa and William J. Wagner to new three year terms as directors of the Company.

* The stockholders approved the Chicopee Bancorp, Inc. 2007 Equity Incentive Plan.

* The stockholders ratified the appointment of Berry, Dunn, McNeil & Parker as the Company's independent registered public accounting firm for the 2007 fiscal year.

Chicopee Bancorp, Inc. is a publicly owned bank holding company and the parent corporation of Chicopee Savings Bank, a Massachusetts stock savings bank headquartered at 70 Center Street, Chicopee, MA 01013. Chicopee Savings Bank provides a wide variety of financial products and services through its six branch offices located in Chicopee, Ludlow and West Springfield in Western Massachusetts. For more information regarding the Bank's products and services, please visit our web site at www.chicopeesavings.com.

This news release may contain forward-looking statements, which can be identified by the use of words such as "believes," "expects," "anticipates," "estimates" or similar expressions. Such forward-looking statements and all other statements that are not historic facts are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. These factors include, but are not limited to, general economic conditions, changes in the interest rate environment, legislative or regulatory changes that may adversely affect our business, changes in accounting policies and practices, changes in competition and demand for financial services, adverse changes in the securities markets, changes in deposit flows and changes in the quality or composition of the Company's loan or investment portfolios. Additionally, other risks and uncertainties may be described in the Company's quarterly reports on Form 10-Q and its registration statement on Form S-1, each filed with the Securities and Exchange Commission, which are available through the SEC's website at www.sec.gov. Should one or more of these risks materialize, actual results may vary from those anticipated, estimated or projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company assumes no obligation to update any forward-looking statements.