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Westfield Bank and Charter Oak Insurance and Financial Services Co. Enter Strategic Alliance, Launch Westfield Wealth Management and Insurance Group

February 4, 2014

WESTFIELD, Mass. --(BUSINESS WIRE)-- Westfield Bank (the “Bank”), a wholly owned subsidiary of Westfield Financial, Inc. (NasdaqGS:WFD) announces Westfield Bank and Charter Oak Insurance and Financial Services Co. (Charter Oak) are pleased to announce that they have entered a strategic alliance that will provide access to financial services for the bank’s more than 24,000 consumer clients and more than 2,400 business clients. Charter Oak is a general agency of Massachusetts Mutual Life Insurance Company ( MassMutual ). The newly formed financial services operation, Westfield Wealth Management and Insurance Group , will provide wealth management and investment products, business and estate planning, life insurance, and retirement services through Charter Oak’s Holyoke -based agents. The relationship is the latest in a program that brings financial planning services and investment products to community banks nationwide. Shawn Torres , a Managing Director of Charter Oak Insurance and Financial Group’s Holyoke office, and Kevin O’Connor, Vice President of Retail Banking and Marketing at Westfield Bank , are spearheading the relationship. “We are thrilled to introduce Westfield Wealth Management and Insurance Group ,” said Torres. “Both Charter Oak and Westfield Bank are fixtures in the community, and to be able to offer our services to the people in our own backyard is truly exciting.” O’Connor added: “Our customers expressed a need for local options in their insurance, investing and trust services. We spent considerable time identifying the company that best fits what we believe is the right match for our customers. We are confident that bringing together local companies like Westfield Bank and Charter Oak to deliver a comprehensive program for consumer and business customers is a good fit for our customers and the right direction for the bank.” About Charter Oak Charter Oak Insurance and Financial Services Co. is a general agency of Massachusetts Mutual Life Insurance Company ( MassMutual ) and serves the risk management, business services and retirement and investment planning needs of more than 70,000 clients throughout the northeast. With offices in Farmington , Hamden , Holyoke , Southbury and Stamford , Charter Oak considers helping others the heart of its business and is proud to support many philanthropic organizations in all of the markets it serves. To learn more, visit www.charteroakfinancial.com . Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services LLC , member SIPC . Supervisory Office: 330 Whitney Avenue , Suite 600; Holyoke, MA 01040. Tel: 413-539-2000. About Westfield Bank Westfield Bank is a federally chartered savings bank and wholly owned subsidiary of Westfield Financial, Inc. (NasdaqGS: WFD). Westfield Bank is a full-service community bank offering the products, services and conveniences of a big bank in a local and personalized way. Westfield Bank is able to meet the needs of retail banking customers from childhood to retirement, and business customers small and large. Westfield Bank operates through eleven banking offices located in Agawam , East Longmeadow , Feeding Hills , Holyoke , Southwick, Springfield, West Springfield and Westfield, Massachusetts and one banking office in Granby, Connecticut . We also have 12 free-standing ATM locations in Feeding Hills , Holyoke , Southwick Springfield , West Springfield and Westfield, Massachusetts . Westfield Bank is accessible 24-7 online at www.westfieldbank.com , by calling 413-568-1911 or 800-995-5734 or by stopping by one of the banking offices. About MassMutual Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company’s strong and growing network of financial professionals helps clients make good financial decisions for the long-term. CRN201602-179735 Westfield Financial, Inc. Cathy Jocelyn , 413-572-4224 A.V.P. Marketing Manager or Meghan Hibner , 413-568-1911 VP Investor Relations Officer Source: Westfield Financial, Inc.


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