Hometown Bancorp, Inc. Completes Initial Public Offering

Business Wire, June 28, 2007

WALDEN, N.Y. -- Hometown Bancorp, Inc. (the "Company"), the holding company for Walden Federal Savings and Loan Association ("Walden Federal"), announced today that it has completed its initial stock offering. The Company sold 1,071,225 shares of common stock to eligible depositors of Walden Federal and the Walden Federal Employee Stock Ownership Plan, at a price of $10.00 per share. After the offering, the Company will have 2,380,500 shares outstanding, including shares issued to Hometown Bancorp MHC.

The Company will announce when its shares will begin trading upon receipt of a trading symbol from the OTC Bulletin Board, which is expected to occur within the next three (3) business days. Subscribers may obtain their allocations by contacting the Company's Stock Information Center. The phone number for the Center is (800) 263-5216.