BNS Holding, Inc. Postpones Effective Date of the Reverse/Forward Stock Split to August 13, 2007

Business Wire, August 1, 2007

MIDDLETOWN, R.I. -- BNS Holding, Inc. (OTCBB:BNSIA) (the "Company") announces that its Board of Directors has decided to postpone the effective date of the proposed 200-for-1 reverse stock split of its Class A Common Stock, $.01 par value per share ("Common Stock"), immediately followed by a 1-for-200 forward stock split (the "Reverse/Forward Stock Split") to Monday, August 13, 2007. The Company reiterated that it has elected to require banks, brokers or other nominees to aggregate any fractional shares within the Depository Trust Company totals upon the consummation of the Reverse/Forward Stock Split. As a result, the Company need not provide for a cash payout to any stockholders holding shares of Common Stock in street name (such as a bank, broker or other nominee). In addition, stockholders holding their shares in street name would retain the same number of shares they held immediately prior to the Reverse/Forward Stock Split.

The Company also reminds stockholders holding less than 200 shares of Common Stock in street name that they may request their bank, broker or other nominee to instruct the Company's transfer agent, Computershare Trust Company, N.A. (formerly known as EquiServe Trust Company. N.A.), to issue stock certificates in the stockholder's name so that they will become holders of record and be eligible to be cashed out upon the effective date of the Reverse/Forward Stock Split. The Company will reimburse the costs incurred by the stockholders holding less than 200 shares of Common Stock in street name to become holders of record. Such stockholders may send by mail or by fax the appropriate invoices to BNS Holding Inc., 25 Enterprise Center, Suite 104, Middletown, RI 02842, Attention: Sandra B. Kearney, Corporate Secretary and Director of Risk Management, Telephone: 401-848-6400, Facsimile: 401-848-6444.

As described in the Company's Definitive Proxy Statement relating to the proposal to approve the Reverse/Forward Stock Split, the Board of Directors of the Company has retained for itself the absolute authority to reject (and not implement) the Reverse/Forward Stock Split if it subsequently determines that the Reverse/Forward Stock Split, for any reason, is not then in the Company's and its stockholders' best interests.

This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of assumptions, risks, and uncertainties that could cause the actual results of the Company to differ materially from those matters expressed in or implied by such forward-looking statements. They involve known and unknown risks, uncertainties, and other factors, which are in some cases beyond the control of the Company. Additional information regarding these risk factors and uncertainties is described more fully in the Company's SEC filings. A copy of all filings may be obtained from the SEC's EDGAR web site, www.sec.gov, or by contacting: Kenneth Kermes, President and Chief Executive Officer or Terry Gibson, CFO, telephone (401) 848-6300. Further information regarding the Company can be found at the Company's web site, www.collinsind.com.