8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  January 28, 2015

SI FINANCIAL GROUP, INC.

(Exact name of registrant as specified in its charter)

Maryland	0-54241	80-0643149
(State or other jurisdiction of Incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)

803 Main Street, Willimantic, Connecticut 06226

(Address of principal executive offices) (Zip Code)

(860) 423-4581

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On January 28, 2015, SI Financial Group, Inc. (the “Company”) the holding company for Savings Institute Bank and Trust Company (the “Bank”), announced the retirement of Brian J. Hull as Chief Operating Officer and Chief Financial Officer of the Company and the Bank effective April 10, 2015. The Company also announced that Lauren L. Murphy has been named Chief Financial Officer of the Company and the Bank and Lauren L. Gervais has been named Chief Administrative Officer of the Company and the Bank, effective April 10, 2015.

Ms. Murphy (age 43) is a certified public accountant that has served various finance and accounting roles since joining the Bank in 2004, most recently serving as Senior Vice President and Principal Accounting Officer of the Company since 2013. Ms. Gervais (age 50) has served as Senior Vice President, Director of Human Resources and Corporate Secretary of the Company since 2006.

     A copy of the press release announcing the appointments is attached as Exhibit 99.1 to this Current Report and incorporated herein by reference.

Item 8.01 Other Events

On January 28, 2015, the Company announced that the Board of Directors declared a cash dividend on the Company’s outstanding shares of common stock. The dividend of $0.04 per share will be paid on or about February 23, 2015 to stockholders of record as of the close of business on February 4, 2015. The press release announcing the cash dividend is included as Exhibit 99.2 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits  

Exhibits
Number	Description
99.1	Press Release dated January 28, 2015
99.2	Press Release dated January 28, 2015

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	SI FINANCIAL GROUP, INC.
Date:  January 30, 2015	By:	/s/ Rheo A. Bouillard
		President and Chief Executive Officer

EX-99.1

FOR IMMEDIATE RELEASE

SI FINANCIAL GROUP, INC. ANNOUNCES

MANAGEMENT CHANGES

Willimantic, Connecticut, January 28, 2015 — SI Financial Group, Inc. (the “Company”) (Nasdaq: SIFI), the holding company for Savings Institute Bank and Trust Company (the “Bank”), announced today that Brian J. Hull, Chief Operating Officer and Chief Financial Officer, has announced his retirement effective April 10, 2015.  Mr. Hull will be succeeded by Lauren Murphy, who is currently the Senior Vice President and Principal Accounting Officer.  Additionally, the Company announced that Laurie L. Gervais, who is currently the Senior Vice President and Director of Human Resources, has been named Chief Administrative Officer.

“Brian’s decision to retire caps off a tremendously productive and successful 18-year career with Savings Institute.  Brian has been extensively involved in many of the changes that have transformed Savings Institute over the years and he will be missed,” said Rheo A. Brouillard, President and Chief Executive Officer.   “Lauren has been an integral part of our team during her tenure here and I look forward to working more closely with her,” continued Mr. Brouillard.  “Also, throughout her over 30 years of service to the Bank, Laurie has been a dedicated leader.  This promotion is a well-deserved recognition of all that she has done to help the Bank and its employees succeed.”

Mr. Hull joined the Bank in 1997 as CFO and, together with the Company’s directors and management, has helped steer the Company through the growth and changes experienced during his tenure.  These changes included the conversion of the then mutual savings bank to a mutual holding company in 2005 and subsequently to a fully public company in 2011.  Also during his time with the Bank, assets have grown from $300 million to over $1.35 billion.  The addition of Newport Federal Savings Bank in 2013 added six offices, five of which are along the shoreline in Rhode Island, and approximately $450 million in assets.  Mr. Hull has agreed to enter into a consulting agreement with the Bank and the Company to lend his experience as needed until January 31, 2016.

Ms. Murphy, who is a certified public accountant, joined the Bank in 2004 and was named Senior Vice President and Principal Accounting Officer in 2013, will continue to oversee the finance and accounting areas for the Bank while also assuming additional CFO-related duties.

Ms. Gervais has been an employee since 1983, will be assuming responsibility for the Bank’s operations, security and facilities areas in addition to her role as Director of Human Resources and Corporate Secretary.

About SI Financial Group, Inc.

SI Financial Group, Inc. is the holding company for Savings Institute Bank and Trust Company. Established in 1842, the Savings Institute Bank and Trust Company is a community-oriented financial institution headquartered in Willimantic, Connecticut. Through its twenty-six branch locations, the Bank offers a full-range of financial services to individuals, businesses and municipalities within its market area.

Contact Information

Rheo A. Brouillard

President and Chief Executive Officer

(860) 423-4581

EX-99.2

SI FINANCIAL GROUP, INC. ANNOUNCES CASH DIVIDEND

Willimantic, Connecticut—January 28, 2015.  The Board of Directors of SI Financial Group, Inc. (the “Company”) (NASDAQ Global Market: SIFI) has declared a cash dividend on the Company’s outstanding shares of common stock.  The dividend of $0.04 per share will be paid on or about February 23, 2015 to stockholders of record as of the close of business on February 4, 2015.

SI Financial Group, Inc. is the holding company for Savings Institute Bank and Trust Company.  Established in 1842, the Savings Institute Bank and Trust Company is a community-oriented financial institution headquartered in Willimantic, Connecticut.

CONTACT:

Catherine R Pomerleau

Executive Assistant / Investor Relations Administrator

Phone:  (860) 456-6514 / Email:  investorrelations@banksi.com