Westfield Financial (WFD) Approves 5% Buyback

Westfield Financial, Inc. (Nasdaq: WFD), the holding company for Westfield Bank (the “Bank”), announced today that its Board of Directors has authorized a stock repurchase program (“Repurchase Program”) under which the Company may purchase up to 1,333,496 shares, or 5% of its outstanding common stock. On May 25, 2010, the Company had previously announced a stock repurchase program for 2,924,367 shares of its common stock and as of December 21, 2011, 2,600,202 shares have been repurchased under that program. The Repurchase Program will commence upon the completion of the previously announced repurchase program, which is expected to occur shortly, subject to market conditions.

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