Southern Connecticut Bancorp Inc., Special/Extraordinary Shareholders Meeting, May 15, 2013., at 10:00 US Eastern Standard Time. Location: The Quinnipiack Club. Agenda: To consider and vote upon a proposal to approve the agreement and plan of merger, dated as of January 16, 2013, by and among Liberty Bank and Southern Connecticut Bancorp and The Bank of Southern Connecticut; to consider and vote upon a proposal to approve, by non-binding advisory vote, certain compensation arrangements for Southern Connecticut Bancorp’s named executive officers in connection with the merger; to consider and vote upon a proposal to adjourn the special meeting to a later date or dates, if necessary, to permit further solicitation of proxies if there are not sufficient votes at the time of the special meeting to approve the Agreement and Plan of Merger; and to transact such other business as may be properly presented at the special meeting and any adjournments or postponements of the special meeting.

On January 29, 2013, Southern Connecticut Bancorp Inc. and The Bank of Southern Connecticut, entered into an employment agreement with Sunil Pallan effective January 1, 2013 and an employment agreement with Stephen V. Ciancarelli effective January 1, 2013. Under the President's Agreement, Pallan will serve as President of Bancorp and the Bank and Senior Loan Officer of the Bank for the period from January 1, 2013 to December 31, 2013, unless the President's Agreement is terminated earlier in accordance with its terms. Under the CFO's Agreement, Ciancarelli will serve as Senior Vice President and Chief Financial Officer of Bancorp and the Bank for the period from January 1, 2013 to December 31, 2013, unless the CFO's Agreement is terminated earlier in accordance with its terms.

On December 18, 2012, Southern Connecticut Bancorp Inc. announced the passing away of Carl R. Borrelli, Vice Chairman of each of the Boards of Directors of the company and its primary operating subsidiary.