Hampshire First Bank (in Organization) Extends Stock Offering Period.

MANCHESTER, N.H. -- Hampshire First Bank (in organization) (the "Bank") announced today that it has extended the expiration date of its initial stock offering until 5:00 p.m., Eastern Time, on November 6, 2006, to permit the receipt, administration and processing of stock subscriptions. The offering period was set to expire today at 5:00 p.m., Eastern Time.

Based on subscriptions and indications of interest received to date, the Bank expects that the offering will be fully subscribed. Keefe, Bruyette & Woods, Inc. is assisting the Bank in its selling efforts.

Hampshire First Bank (in organization) is being organized as a bank and trust company under the laws of the State of New Hampshire. The Bank has received conditional approval for its organization from the New Hampshire Board of Bank Incorporation and the Federal Deposit Insurance Corporation. Both approvals are conditioned on, among other things, the successful completion of the initial stock offering. Subject to the successful completion of the stock offering and the receipt of all required final regulatory approvals, the Bank anticipates opening for business before the end of this year.

This news release is neither an offer to sell nor a solicitation of an offer to buy any common stock of the Bank. The offer is made only by means of the Bank's Offering Circular dated September 18, 2006, in such jurisdictions where it is lawful to do so. Subject to applicable laws and regulations, a copy of the Offering Circular is available from Keefe, Bruyette & Woods, Inc. by calling toll-free [phone].

The common stock has not been approved or disapproved by, and will not be insured by, the Federal Deposit Insurance Corporation, the New Hampshire Banking Department, the Massachusetts Division of Banks, the Securities and Exchange Commission, or any other government agency.