Hampden Bancorp Announces Certified Voting Results Of 2013 Annual Meeting And Retention Of Investment Bank

Hampden Bancorp, Inc. (NASDAQ: HBNK), the bank holding company for Hampden Bank, announced today the results of the voting at the Company’s 2013 Annual Meeting of Stockholders, which was held on November 5, 2013.

Based on the tabulation of the votes by the independent inspector of election, IVS Associates, Inc., stockholders of Hampden Bancorp, Inc. elected the Board of Director’s four nominees, Thomas R. Burton, Arlene Putnam, Linda Silva Thompson and Richard D. Suski, as Class III directors for three year terms expiring in 2016. Two other nominees, who were nominated by one of the Company’s stockholders, received votes but were not elected.

"We sincerely appreciate the support of our stockholders during the recent contested election," said Glenn Welch, President and CEO. “We look forward to returning our full attention to growing our business and increasing stockholder value."

Stockholders also ratified Wolf & Company, P.C. to serve as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2014. With respect to votes on executive compensation, stockholders approved an advisory proposal on executive compensation, which is referred to as the “say-on-pay” vote, and also approved, on an advisory basis, that the Company hold a “say-on-pay” vote every year. Finally, stockholders did not approve a non-binding shareholder proposal requesting that the Company’s board of directors explore avenues to enhance shareholder value through an extra-ordinary including, but not limited to, selling or merging the Company with another institution.

These results are based on the receipt of the official certification by the independent inspector of elections which was received earlier today.

In order to underscore that the Company’s Board of Directors took the vote on last year’s shareholder proposal seriously and acted on it and has listened to its shareholders, the Company has retained the investment bank Sterne, Agee & Leach, Inc. to help it identify and evaluate various strategic and/or operating scenarios intended to maximize shareholder value. No decision has been made as to whether the Company will engage in a transaction or transactions resulting from its consideration of strategic alternatives or the scope of such a transaction, and no assurance can be given that any transaction or transactions will occur or, if undertaken, the form, terms or timing of such a transaction.

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