First Colebrook Bancorp, Inc. Announces Quarterly Dividend

COLEBROOK, N.H., Sept. 2, 2016 /PRNewswire/ -- First Colebrook Bancorp, Inc. (Ticker Symbol: FCNH) announced on August 22, 2016, a quarterly dividend of $.125 per common share. The dividend is payable September 30, 2016 to shareholders of record on September 15, 2016.

First Colebrook Bancorp, Inc. is a single bank holding company formed in 1984 and headquartered in Colebrook, New Hampshire. Its wholly owned subsidiary, Granite Bank, was established in 1889.  Granite Bank operates four banking offices located in Colebrook, Concord, Amherst and Portsmouth, New Hampshire.

First Colebrook Bancorp, Inc. shares can be bought and sold through the Over-The-Counter Markets under the trading symbol FCNH. Shares may be traded through an individual's broker. For more information, please refer to the "Investor Relations" section of the bank's website at www.granitebank.com or contact the bank's Chief Financial Officer, Avis Brosseau at abrosseau@granitebank.com or by calling 603-237-7016.

This press release may contain forward-looking statements regarding the financial performance, business prospects, growth, and operating strategies of Granite Bank.  For these statements, Granite Bank claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.  Statements in this press release should be considered in conjunction with other information available about Granite Bank, including the information in the filings we make to regulatory authorities.  Forward-looking statements are based on management's expectations and are subject to a number of risks and uncertainties.  We have tried, wherever possible, to identify such statements by using words such as "anticipate," "estimate," "project," "intend," "plan," "believe," "will," and similar expressions in connection with any discussion of future operating or financial performance.  Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements.  Risks and uncertainties that could cause actual results to differ materially include risk factors relating to the banking industry and the other factors detailed from time to time in Granite Bank reports publically issued.  Undue reliance should not be placed on the forward-looking statements, which speak only as of the date of this press release.  Granite Bank does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions that may be made to update any forward-looking statements to reflect the events or circumstances after the date on which the forward-looking statement is made, or reflect the occurrence of unanticipated events, except to the extent required by law.

Avis Brosseau

abrosseau@granitebank.com

(603) 237-7016

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SOURCE First Colebrook Bancorp, Inc.