VALLEY BANK TWO YEAR CHANGE IN CONTROL AGREEMENTChange in Control Agreement • November 28th, 2006 • New England Bancshares, Inc. • Savings institution, federally chartered • Connecticut
This AGREEMENT (“Agreement”) is hereby entered into as November 21, 2006, by and between VALLEY BANK, a commercial bank organized and existing by virtue of the laws of the State of Connecticut (the “Bank”) with its principal place of business at Four Riverside Avenue, Bristol, Connecticut 06011, and MARK J. BLUM (“Executive”). This Agreement will be effective as of the date of consummation of the transaction (the “Effective Date”) contemplated in the Agreement and Plan of Merger by and between New England Bancshares, Inc., New England Bancshares Acquisition, Inc. and First Valley Bancorp, Inc. dated November 21, 2006 (the “Merger”). For purposes of this Agreement, references to the Company shall mean NEW ENGLAND BANCSHARES, INC.
