News Releases

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December 22, 2005: Robert G. Cocks, Jr., President and Chief Executive Officer of PSB Holdings, Inc., today announced that the Company's Board of Directors has declared a quarterly cash dividend of $.06 per share of the Company's common stock. The dividend reflects an annual cash dividend rate of $.24 per share. The dividend will be payable to stockholders of record as of January 4, 2006, and will be paid on January 19, 2006. view entire press release

December 21, 2005: The Board of Directors of Putnam Savings Bank has elected Brenda Engel to the position of Branch Manager/Officer of the Griswold Office and Gina Kolodnicki to Branch Manager/Officer at the Gales Ferry Office. view entire press release

December 14, 2005: Putnam Savings Bank recently received the 2005 Eastern Connecticut Corporate Community Partner Award from the American Cancer Society at their annual Eastern Connecticut Volunteer Recognition Reception. view entire press release

December 12, 2005: To commemorate the opening of Putnam Savings Bank's Gales Ferry, Griswold and the Plainfield Parkade branch offices, the Bank recently held a prize drawing. view entire press release

December 12, 2005: PSB Holdings, Inc. (Nasdaq Stock Market � �PSBH�) announced today that its Board of Directors has authorized a stock repurchase program pursuant to which the Company intends to repurchase up to 5% of its issued and outstanding shares, or up to approximately 347,000 shares. view entire press release

Dec 8, 2005: Putnam Savings Bank is pleased to welcome Jennifer White to its Business Banking Group as a new Commercial Lender. Ms. White will primarily focus her efforts on serving the lending needs of businesses in southeastern Connecticut. view entire press release

Dec 8, 2005: Listen to our holiday song, recorded live at Putnam Savings Bank - it's the same song you might have heard on the radio! [listen to song]

December 1, 2005: Putnam Savings Bank is pleased to announce the launch of their online mortgage origination website www.psbolc.com. This website gives users the ability to research mortgage interest rates and loan programs and apply for and track their mortgage online 24 hours a day, 7 days a week. view entire press release

November 5, 2005: Barbara Elliott, Assistant Vice President & Human Resources Officer at Putnam Savings Bank, recently received the first Friend of Hospice Award from Hospice and Palliative Care of Northeastern Connecticut, an affiliate of Day Kimball Hospital in Putnam. view entire press release

October 18, 2005: PSB Holdings, Inc. (the "Company") (NASDAQ: PSBH), the holding company for Putnam Savings Bank, reported net income of $612,000 for the three months ended September 30, 2005 versus net income of $425,000 for the three months ended September 30, 2004, an increase of $187,000 or 44.0%. view entire press release

October 17, 2005: PSB Holdings, Inc. (NASDAQ: PSBH), parent company of Putnam Savings Bank, today announced that, on October 14, 2005, Putnam Savings Bank completed its acquisition of three branch offices and related deposits from People�s Bank, headquartered in Bridgeport, Connecticut. As part of its overall branch expansion strategy, Putnam Savings Bank acquired the People�s branch offices located in Plainfield (Windham County), Griswold and Ledyard (Gales Ferry) (both of which are located in New London County). As of September 24, 2005, the deposits being sold totaled $64.1 million, representing a 29% increase in Putnam Savings Bank's deposit base. view entire press release

September 23, 2005: Robert G. Cocks, Jr., President and Chief Executive Officer of PSB Holdings, Inc., today announced that the Company has declared a quarterly cash dividend of $.05 per share of the Company's common stock. The dividend reflects an annual cash dividend rate of $.20 per share. The dividend will be payable to stockholders of record as of October 5, 2005, and will be paid on October 20, 2005. view entire press release

August 17, 2005: PSB Holdings, Inc. (the "Company") (NASDAQ: PSBH), the holding company for Putnam Savings Bank, reported net income of $1.27 million for the twelve months ended June 30, 2005, including a one-time expense of $1.24 million to establish and fund a new Putnam Savings Foundation versus net income of $1.55 million for the twelve months ended June 30, 2004, a decrease of $283,000 or 18.2%. Excluding the charge for the charitable foundation, net income would have been $2.08 million for the twelve months ended June 30, 2005, an increase of $530,000 or 34.1% over net income for the twelve months ended June 30, 2004. view entire press release

June 15, 2005: Robert G. Cocks, Jr., President and Chief Executive Officer of PSB Holdings, Inc., today announced that the Company has declared a quarterly cash dividend of $.05 per share of the Company's common stock. The dividend reflects an annual cash dividend rate of $.20 per share. view entire press release

June 13, 2005: PSB Holdings, Inc. (NASDAQ: PSBH), parent company of Putnam Savings Bank, today announced that Putnam Savings Bank has signed an agreement to acquire three branch offices and related deposits from People�s Bank, headquartered in Bridgeport, Connecticut (NASDAQ: PBCT). As part of its overall branch expansion strategy, Putnam Savings Bank will acquire the People�s branch offices located in Plainfield (Windham County), Griswold and Ledyard (both of which are located in New London County). Putnam Savings Bank will acquire the deposits of the three offices. view entire press release

April 29, 2005: Putnam Savings Bank's Active for Life Program Official Kickoff. Active for Life^SM is the American Cancer Society's (the Society) flexible 10-week program that encourages people to be more active on a regular basis. The Society works with local companies to establish Active for Life to help people change their lifestyle patterns�both diet and exercise�and become healthier. view entire press release

April 18, 2005: Putnam Savings Bank has earned a 5-star rating by BAUERFINANCIAL Inc., the nations leading independent bank rating firm. Furthermore, the bank sailed through its most recent Community Reinvestment evaluation by federal regulators. view entire press release

April 15, 2005: PUTNAM, CT, April 15, 2005 - PSB Holdings, Inc. (the "Company") (NASDAQ: PSBH), the holding company for Putnam Savings Bank, reported net income of $553,000 for the quarter ended March 31, 2005 versus net income of $410,000 for the quarter ended March 31, 2004, an increase of $143,000 or 34.9%. view entire press release

March 24, 2005: Robert G. Cocks, Jr., President and Chief Executive Officer of PSB Holdings, Inc., today announced that the Company has declared a quarterly cash dividend of $.05 per share of the Company's common stock. view entire press release

March 23, 2005: Putnam Savings Bank recently held its Annual Employee Awards Ceremony to recognize the achievements of its employees and to highlight the individual accomplishments of each department and branch office. view entire press release

March 13, 2005: Putnam Savings Bank is proud to announce that, through the generosity of its customers and employees, the Bank raised $2,411 in its Tsunami Relief fundraising drive. The contributions were donated to Habitat for Humanity International. Putnam Savings' Board of Directors started the fundraising effort with a $1,000 donation from the Bank in January. The balance of the donation came from contributions from Bank employees and customers. view entire press release

February 3, 2005: Putnam - Putnam Savings Bank is commemorating the completion of the year-and-a-half long $1 million renovation project at its Main Office in Putnam with a weeklong Bank-wide Celebration, February 14th through the 19th. view entire press release

January 31, 2005: PUTNAM, CT - PSB Holdings, Inc. (the "Company") (NASDAQ: PSBH), the holding company for Putnam Savings Bank, reported that, after a one-time $1.235 million expense of establishing and funding a new Putnam Savings Foundation during the quarter ended December 31, 2004, it posted a $279,000 net loss compared to $381,000 in net income for the quarter ended December 31, 2003. view entire press release

January 13, 2005: Putnam Savings Bank has created a fund for the victims of the tsunami-earthquake catastrophe that struck Southeast Asia in late December. They have chosen Habitat for Humanity International as the charitable agency to receive the funds. President George W. Bush has named Habitat for Humanity International as an approved tsunami aid agency. view entire press release