On April 30, 2019, Brandon C. Lorey (“Lorey”) submitted his resignation to United Financial Bancorp, Inc. and United Bank (collectively, “United”) and mutually Lorey and United have agreed that Lorey will leave his positions at United, primarily Executive Vice President and Head of Consumer Banking, effective June 3, 2019. Mr. Lorey has accepted a position as the Chief Executive Officer of an out-of -market financial institution, therefore his departure will be treated as a voluntary termination under his Employment Agreement. United intends to eliminate the Executive Vice President and Head of Consumer Banking position, and those duties will be absorbed by other members of the management team.