Local Banks Become "Bankwell"

Local Banks Become "Bankwell"

The Bank of New Canaan, The Bank of Fairfield and Stamford First Bank Unveil New Brand

NEW CANAAN, Conn.--(BUSINESS WIRE)-- Residents and business owners in New Canaan, Fairfield and Stamford are seeing their local bank get a bold new name and look today, as The Bank of New Canaan, The Bank of Fairfield, and Stamford First Bank officially change their names to Bankwell.

Bankwell is owned by the holding company, Bankwell Financial Group, Inc., formerly BNC Financial Group.

"The new name connotes a sense of well-being, and promises a premium banking experience," notes CEO Peyton R. Patterson. "It is straightforward, honest and to the point. In short, clients can expect to be treated, served and advised well at Bankwell."

Patterson added, "We will continue to be the "gold standard" for what it means to be a community bank, providing the best possible customer service and adding value to the communities we serve. At Bankwell, we'll bring together even greater financial capabilities and expertise in a truly local bank. Our rebranding signals our confidence in the future."

While the public will see a fresh, new look at Bankwell branches, the ownership of the company is not changing and customers will continue to see the same faces they've come to know in Bankwell branches.

Bankwell serves the personal finance, business banking and lending needs of consumers and businesses throughout Fairfield County. The Bank operates five branches in New Canaan, Fairfield and Stamford, and has a loan production office in Bridgeport. Bankwell has a definitive agreement to acquire The Wilton Bank later this year, pending regulatory approval. More information about Bankwell can be found at www.mybankwell.com or by contacting Peyton R. Patterson, President and CEO or Diane Knetzger, Director of Marketing, at (203) 972-3838.

This press release may contain certain forward-looking statements about the Company. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in which the Company and its subsidiaries are engaged.

Peyton R. Patterson, President and CEO
or Diane Knetzger, Director of Marketing

KEYWORDS: United States North America Connecticut


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