CITIZENS~UNION SAVINGS BANK PROMOTES GEORGE OLIVEIRA

FALL RIVER, MASS. - April 14, 2008 - Citizens~Union Savings Bank President and Chief Executive Officer, Nicholas M. Christ, recently announced the election of George Oliveira to the office of Executive Vice President of the Investment Management and Trust Services Group.  Oliveira joined Citizens~Union in 1998, and brings over 30 years of experience as a department head and portfolio manager to his new role.

As an Executive Vice President, Oliveira will be responsible for overseeing all of Citizens~Union's non-banking divisions, including Investment Management and Trust Services, Insurance, and Brokerage Services.  Oliveira resides in Seekonk, MA with his wife and four teenage children.  He holds a Bachelors Degree in Business Administration from Bryant College and a Masters Degree in Business Administration from Providence College.  He is a Certified Financial Planner (CFP), a Certified Trust & Financial Advisor (CTFA), a graduate of the National Trust School at Northwestern University in Chicago, and a graduate of the National Graduate Trust School at the University of Chicago.

Oliveira serves on various local boards including the Community Foundation of Southeastern Massachusetts, Bristol Community College Foundation, Family Services, YMCA Southcoast, the United Way, and the St. Anne's Hospital Advisory Board.

Citizens~Union Savings Bank, with nine offices in southeastern Massachusetts and Rhode Island, offers a wide range of financial services including investment management, trust, insurance and brokerage services to consumers and businesses.  Its affiliates include Citizens~Union Financial Services, offering stocks, bonds, mutual funds, annuities and college savings plans; and Citizens~Union Insurance Agency, LLC, an independent agency representing several insurance companies that provide coverage for automobile, home, life and business.