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The Bank of Greenwich Exceeds Initial Capital Goal

The Bank of Greenwich, a new full-service state-chartered commercial bank to be headquartered in Greenwich, announced today that it has received subscriptions from investors in excess of the minimum number of shares ($10,000,000) in its initial stock offering. The Bank has also extended the stock offering period in order to give potential investors, who missed the April deadline, a chance to make an investment during this final extension.



Stephen C. Thurlow, Chairman of the Organizing Group, said, 's8220;The fact that we met our initial capital goal prior to our deadline 's8211; and met it with investors who are genuinely energized 's8211; is confirmation of a substantial need here in Greenwich. We need a homegrown, hometown Greenwich bank that provides the respect and service customers deserve. The Bank will use the coming weeks to ensure everyone who wants to be a part of investing in The Bank of Greenwich has the opportunity to do so.'s8221;



This is a unique opportunity to invest in the only bank headquartered in Greenwich 's8211; Greenwich'ss hometown bank. The Bank of Greenwich brings together an outstanding team of professionals with banking and financial experience and strong ties to the community.



Robert J. Oca, the Bank's8217;s Chief Executive Officer stated, 's8220;We are finalizing plans for our new office and accepting employment applications from individuals interested in joining our team. The foundation of The Bank is being built right now in our community. This truly is an exciting time for us.'s8221;



In addition to Messrs. Oca and Thurlow, the Bank'ss Directors are: James E. Calkins, George F. D's8217;Angelo, John J. Fareri, William H. Gallagher, Noel Levine, Anthony J. Melillo, Jr., Thomas A. Steen and Richard M. Sontag. The Bank'ss Founders are: Michael S. Josephson, Mark E. Rattner, Barry J. Small and B. Todd Trimmer.



The mission of The Bank of Greenwich is to provide superior products and exceptional service to its personal and business clients.



This release is not an offer to sell securities. The offering is made only by the offering circular. An offering circular, together with supplements with updated information, and providing detailed information regarding the shares, can be obtained by calling Robert J. Oca or James E. Calkins at (203) 622-7680, or by writing The Bank of Greenwich, Two Sound View Drive, Suite 100, Greenwich, Connecticut 06830.

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