UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES

EXCHANGE ACT OF 1934

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o Preliminary Proxy Statement

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x Definitive Proxy Statement

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First Connecticut Bancorp, Inc.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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April 8, 2015

Dear Stockholder:

You are cordially invited to attend the Annual Meeting of Stockholders of First Connecticut Bancorp, Inc. to be held at Central Connecticut State University, Memorial Hall-Constitution Room, 1615 Stanley Street, New Britain, Connecticut 06050, on Wednesday, May 20, 2015 at 10:00 a.m. Parking will be available in Vance Garage.

The official Notice of Annual Meeting, Proxy Statement and Proxy are included with this letter. The matters listed in the Notice of Annual Meeting are more fully described in the Proxy Statement. I encourage you to take the time to review the Proxy Statement.

It is important that your shares be represented and voted at the Annual Meeting. Accordingly, regardless of whether or not you plan to attend the meeting, please sign and date the enclosed proxy card and return it in the enclosed postage paid envelope, so that your shares may be represented at the meeting. If you decide to attend the meeting, you may revoke your proxy and vote your shares in accordance with the procedures set forth in the Proxy Statement. If you are a stockholder whose shares are held by a broker or otherwise not registered in your name, you will need additional documentation from your record holder to attend and vote personally at the meeting.

Thank you for your consideration. I look forward to seeing you.

Very truly yours,

John J. Patrick, Jr.

Chairman, President and CEO

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE

ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 20, 2015.

The Company’s Proxy Statement, sample proxy card and 2014 Annual Report are available at:

www.edocumentview.com/FBNK

FIRST CONNECTICUT BANCORP, INC.

One Farm Glen Boulevard

Farmington, Connecticut 06032

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

To Be Held Wednesday, May 20, 2015

To the Stockholders of First Connecticut Bancorp, Inc.:

The Annual Meeting of Stockholders (the “Meeting”) of First Connecticut Bancorp, Inc., a Maryland corporation (the “Company”), will be held at Central Connecticut State University, Memorial Hall-Constitution Room, 1615 Stanley Street, New Britain, Connecticut 06050, on Wednesday, May 20, 2015, at 10:00 a.m. local time, for the following purposes:

1.	To elect two Class I Directors to serve until 2018;
2.	To consider and approve an advisory (non-binding) proposal on the Company’s executive compensation;
3.	To consider and act upon a proposal to ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the Company; and
4.	To transact such other business as may properly come before the Meeting or any adjournments thereof.

The Board of Directors of the Company has fixed the close of business on March 25, 2015 as the record date for the determination of stockholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof. Only stockholders of record at the close of business on March 25, 2015 will be entitled to notice of and to vote at the Meeting and any adjournment or postponement thereof. The stock transfer books will not be closed.

All stockholders are cordially invited to attend the Meeting. PLEASE SIGN, DATE AND RETURN THE ENCLOSED PROXY CARD EVEN THOUGH YOU PLAN TO ATTEND THE MEETING. Doing so will ensure your presence by proxy and allow your shares to be voted should anything prevent your attendance in person.

By Order of the Board of Directors

Jennifer H. Daukas, Secretary

April 8, 2015

FIRST CONNECTICUT BANCORP, INC.

One Farm Glen Boulevard

Farmington, Connecticut 06032

PROXY STATEMENT

This Proxy Statement is being furnished to the holders of common stock of First Connecticut Bancorp, Inc., a Maryland corporation (“FCB”), in connection with the solicitation of proxies by the Board of Directors of FCB for the Annual Meeting of Stockholders of FCB (the “Meeting”) to be held at Central Connecticut State University, Memorial Hall-Constitution Room, 1615 Stanley Street, New Britain, Connecticut 06050, on Wednesday, May 20, 2015 at 10:00 a.m. local time, and at any adjournments and postponements thereof. This Proxy Statement and the related proxy card are being mailed on or about April 8, 2015, to holders of record of FCB’s common stock on March 25, 2015, the record date for the Meeting. As used herein, the “Company” means both FCB and Farmington Bank, its wholly-owned subsidiary and a Connecticut chartered savings bank.

GENERAL INFORMATION

Actions to Be Taken At the Meeting

At the Meeting, FCB stockholders will be asked to:

● elect two directors to serve until the 2018 annual meeting of stockholders and until their successors are duly elected and qualified;

● consider and approve an advisory (non-binding) proposal on the Company’s executive compensation;

● ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm; and

● transact such other business as may properly come before the Meeting or any adjournments thereof.

Who May Vote

Holders of record of FCB’s common stock at the close of business on March 25, 2015, the record date for the Meeting, are entitled to notice of and to vote at the Meeting. As of the close of business on March 25, 2015, FCB had outstanding 16,044,319 shares of common stock entitled to vote. Holders of the common stock are entitled to one vote for each share held on the matters properly presented at the Meeting.

As provided in the Company’s Articles of Incorporation, holders of common stock who beneficially own in excess of 10% of the outstanding shares of FCB’s common stock (the “Limit”) are not entitled to vote with respect to shares held in excess of the Limit. A person or entity is deemed to beneficially own shares owned by an affiliate of, as well as by persons acting in concert with, such person or entity. The Company’s Articles of Incorporation authorizes the Board of Directors to (i) make all determinations necessary to implement and apply the Limit, including determining whether persons or entities are acting in concert, and (ii) demand that any person who is reasonably believed to beneficially own Common Stock in excess of the Limit supply information to the Company to enable the Board of Directors to implement and apply the Limit. The Company is not aware of any holders over the Limit.

Votes Required to Transact Business At the Meeting

The holders of a majority of the shares entitled to vote, present in person or represented by proxy, will constitute a quorum for the transaction of business at the Meeting.

Votes Required to Approve Each Proposal

Election of Directors (Proposal 1). To be elected as a director, a nominee must receive the affirmative vote of a plurality of the votes cast. Under the plurality voting standard, the two nominees receiving the most “for” votes will be elected. A proxy card marked as withholding authority with respect to the election of one or more directors will be counted for quorum purposes.

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Approval of the Company’s Executive Compensation as described in the Compensation Discussion and Analysis Section and the tabular disclosure regarding named executive officer compensation (together with the accompanying narrative disclosure) in this Proxy Statement (Proposal 2). Approval of this non-binding advisory vote on the Company’s executive compensation as described in this Proxy Statement requires the affirmative vote of the majority of all votes cast at the Meeting. Because this proposal is advisory, it will not be binding upon the Board of Directors if approved. However, the Compensation Committee and the Board of Directors will take into account the outcome of the vote when considering future executive compensation arrangements.

Ratification of Independent Registered Public Accounting Firm (Proposal 3). To ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm requires the affirmative vote of holders of a majority of all votes cast at the Meeting.

Other Items. All other proposals and other business as may properly come before the Meeting will require the affirmative vote of a majority of the votes cast, except as otherwise required by statute or our Articles of Incorporation.

How to Vote Shares Held Directly by the Stockholder

If you are the record holder of your shares, you may vote your shares by marking, signing and dating the enclosed proxy card and returning it in the enclosed postage paid envelope. If you are the stockholder of record, you may also vote your shares via telephone or internet in accordance with the instructions set forth on the enclosed proxy card, or in person at the Meeting. Returning a proxy card will not prevent you from voting your shares in person if you attend the Meeting.

How to Vote Shares Held by a Broker, Bank or Other Nominee

If your shares are held through a broker, bank or other nominee, you may vote your shares by marking, signing and dating the voting instruction form provided to you by your broker, bank or other nominee. You may also be able to vote your shares via internet or telephone in accordance with the instructions provided by your broker, bank or nominee. To be able to vote shares not registered in your own name in person at the Meeting, you will need appropriate documentation from the record holder of your shares. If you hold your shares in street name through a broker or bank you may only vote in person or change your vote in person if you have a legal proxy in your name from Broadridge Financial Solutions or your broker or bank.

If you are the beneficial owner of shares held in “street name” by a broker and you do not give instructions to the broker on how to vote your shares at the Meeting, then the broker will be entitled to vote the shares with respect to “discretionary” items, but will not be permitted to vote the shares with respect to “non-discretionary” items (in which case, the shares will be treated as a “broker non-vote”). The ratification of PricewaterhouseCoopers LLP as our independent registered public accounting firm (Proposal 3) is considered to be a discretionary item and your broker will be able to vote on that item even if it does not receive instructions from you. All other proposals to be considered at the Meeting are “non-discretionary” items. If you do not instruct your broker how to vote with respect to these items, your broker may not vote your shares with respect to these items.

An abstention is a decision by a stockholder to take a neutral position on a proposal being submitted to stockholders at a meeting. A proxy card marked as abstaining with respect to a proposal will be counted for quorum purposes, but will not be counted as a vote cast, and therefore will have no effect on the vote.

Broker non-votes are also counted in determining the number of shares represented for the purpose of determining whether a quorum is present at the Meeting, provided that there are discretionary items to be acted upon at a stockholders’ meeting such as ratification of independent registered public accounting firm.

How Will Shares be Voted

The proxy holders will vote all shares represented by a properly executed proxy received in time for the Meeting in accordance with the instructions on the proxy. If you return an executed proxy card without marking your instructions with regard to the matters to be acted upon, the proxy holders will vote FOR the election of director nominees set forth in this Proxy Statement, and FOR the approval of Proposals 2 and 3.

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A proxy may confer discretionary authority to vote with respect to any matter to be presented at the Meeting which management does not know of within a reasonable time before the date hereof. Management does not know of any such matter which may come before the Meeting and which would be required to be set forth in this Proxy Statement or the related proxy form. If any other matter is properly presented to the Meeting for action, it is intended that the persons named on the enclosed proxy card and acting thereunder will vote in accordance with their best judgment on such matter.

Revocation of Proxies

A proxy may be revoked at any time before it is voted at the Meeting by:

● Filing a written revocation of the proxy with the Secretary of FCB, Jennifer H. Daukas, c/o First Connecticut Bancorp, Inc., One Farm Glen Boulevard, Farmington, Connecticut 06032;

● Submitting a signed proxy card bearing a later date; or

● Attending and voting in person at the Meeting provided you are the holder of record of your shares.

If you hold your shares in the name of a broker, bank or other nominee, you will need to contact your nominee in order to revoke your proxy. If you hold your shares in street name through a broker or bank you may only change your vote in person if you have a legal proxy in your name from Broadridge Financial Solutions or your broker or bank.

Persons Making the Solicitation

The Board of Directors of FCB is soliciting these proxies. The Company will bear the expense of preparing, assembling, printing and mailing this Proxy Statement and the material used in the solicitation of proxies for the Meeting. We contemplate that proxies will be solicited principally through the use of the mail, but officers, directors and employees of the Company may solicit proxies personally or by telephone. You may also be solicited by means of press releases issued by the Company, postings on our websites, www.farmingtonbankct.comand www.firstconnecticutbancorp.comand advertisements in periodicals. None of our officers or employees will receive any extra compensation for soliciting you. We have retained Morrow & Co., LLC, 470 West Avenue, Stamford, Connecticut to assist us in soliciting your proxy for an estimated fee of $8,000 plus reasonable out-of-pocket expenses. Morrow may ask brokerage houses and other custodians and nominees whether other persons are beneficial owners of our common stock. If so, we will reimburse banks, nominees, fiduciaries, brokers and other custodians for their costs of sending the proxy materials to the beneficial owners of our common stock.

Board of Directors Recommendation

The Board of Directors recommends that you vote your shares as follows:

● “FOR” Proposal No. 1 regarding the election of directors;

● “FOR” Proposal No. 2 regarding the approval of FCB’s executive compensation;

● “FOR” Proposal No. 3 regarding the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm.

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Corporate Governance

General. We conduct business through meetings of our Board of Directors and its committees. The Board of Directors of FCB consists of those persons who also serve as directors of Farmington Bank. Additionally, members of FCB’s committees serve on the identical committees of Farmington Bank. There were thirteen meetings of the Board of Directors of FCB in 2014. All directors attended at least 75% of the meetings of the Board of Directors of FCB and the committees on which such director serves. The Board of Directors has adopted governance guidelines that makes it a responsibility of directors to attend each annual stockholders meeting. All then current members of the Board of Directors attended the 2014 annual stockholders meeting.

The FCB Board of Directors currently has: an Audit Committee, a Compensation Committee and a Governance Committee. The members and chairs of each of those committees are appointed each year. No member of the Audit, Compensation or Governance Committees is an employee of FCB or its subsidiaries and all are independent as defined under the applicable NASDAQ Global Select Market listing standards and SEC rules. In addition to the Committees noted above, Farmington Bank has the following committees: Enterprise Risk Management Committee, Loan Committee and Asset & Liability Committee.

Each of the Audit, Compensation and Governance Committees has a written charter approved by the Board of Directors. The Board of Directors has also adopted Corporate Governance Guidelines, which along with the committee charters, provides the framework for the governance of the Company. The committee charters and Corporate Governance Guidelines are available on the Company’s website at www.firstconnecticutbancorp.comunder “Corporate Information — Governance Documents.” They are also available, without charge, upon written request to Investor Relations Officer, First Connecticut Bancorp, Inc., One Farm Glen Boulevard, Farmington, Connecticut 06032.

Audit Committee. The Audit Committee, consisting of Ronald A. Bucchi, John J. Carson, James T. Healey, Jr. and Michael A. Ziebka, is responsible for assisting the Board of Directors in fulfilling its responsibilities concerning FCB’s accounting and reporting practices, and facilitating open communication among the committee, Board of Directors, internal auditor, independent auditors and management. Ronald A. Bucchi is the Audit Committee Chairman. Each member of the Audit Committee is independent in accordance with the listing standards of the NASDAQ Global Select Market and the Securities and Exchange Commission’s Audit Committee independence standards. The Board of Directors has determined that James T. Healey, Jr., Michael A. Ziebka and Ronald A. Bucchi are Audit Committee financial experts under the rules of the Securities and Exchange Commission. All of the members of the Audit Committee have a basic understanding of finance and accounting and are able to read and understand fundamental financial statements. The Audit Committee held four meetings in 2014.

Compensation Committee. The Compensation Committee, consisting of Robert F. Edmunds, Jr., David M. Drew, Patience P. (“Duby”) McDowell and Kevin S. Ray is responsible for determining executive compensation and performing such other functions as are customarily discharged by Compensation Committees of similar institutions. Robert F. Edmunds, Jr. is the Compensation Committee Chairman. Each member of the Compensation Committee is independent in accordance with the listing standards of the NASDAQ Global Select Market. The Compensation Committee held eight meetings in 2014.

Governance Committee. The Governance Committee is responsible for identifying individuals qualified to become Board members and recommending a group of nominees for election as directors at each annual meeting of stockholders, ensuring that the Board of Directors and its committees have the benefit of qualified and experienced directors, and developing a set of corporate governance policies and procedures. The Governance Committee is also responsible for reporting and recommending from time to time to the Board of Directors on matters relative to corporate governance. The Governance Committee is comprised of four members, each of whom is independent as defined under applicable NASDAQ Global Select Market listing requirements. The current members of the Governance Committee are Ronald A. Bucchi, John J. Carson (Chairman), Robert F. Edmunds Jr. and Kevin S. Ray. The Governance Committee held seven meetings in 2014.

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Code of Ethics

The Company’s Code of Conduct and Ethics Policy is designed to promote the high standards of ethical and professional conduct by the Company’s directors, and executive officers, including the principal executive officer, the principal accounting officer and employees. The Code of Conduct and Ethics Policy requires that the Company’s directors, executive officers and employees avoid conflicts of interest, comply with all laws and other legal requirements, conduct business in an honest and ethical manner and otherwise act with integrity and in the Company’s best interest. Under the terms of the Code of Conduct and Ethics Policy, directors, executive officers and employees are required to report any conduct that they believe in good faith to be an actual or apparent violation of the Code of Conduct and Ethics Policy.

The Company also has a Whistleblower Policy, which is incorporated into the Code of Conduct and Ethics Policy that requires directors, executive officers and employees to comply with appropriate accounting and internal controls and establishes procedures to report any perceived wrongdoing, questionable accounting or auditing matters in a confidential and anonymous manner. The Whistleblower Policy also prohibits the Company from retaliating against any director, executive officer or employee who reports actual or apparent violations of the Code of Conduct and Ethics Policy. A copy of the Code of Conduct and Ethics Policy, including the Whistleblower Policy is available, without charge, upon written request to Investor Relations Officer, First Connecticut Bancorp, Inc., One Farm Glen Boulevard, Farmington, Connecticut 06032. It is also available on the Company’s website at www.firstconnecticutbancorp.comunder “Corporate Information—Governance Documents.”

Risk Oversight

The Board of Directors has the primary responsibility for general risk oversight, and the Audit Committee for financial risks. The Board of Directors and Audit Committee review, and management implements a risk management system to identify, assess, mitigate, monitor and communicate risks internally. Risk management oversight is augmented by Farmington Bank’s Enterprise Risk Management Committee. Management is responsible for identifying and assessing for the Board of Directors and Audit Committee major risks potentially affecting the business and financial statements of the Company. The Board of Directors, the Audit Committee and the Enterprise Risk Management Committee support and provide oversight to management in the performance of these tasks. The Board of Directors’ oversight is also assisted by the Audit and other committees in addressing the risks inherent in their respective areas of oversight. The Board of Directors provides effective risk oversight through this system.

As a regulated banking institution, Farmington Bank is examined periodically by federal and state banking authorities. The results of these examinations are presented to the full Board of Directors. Identified issues from such examinations are tracked by management. These examinations, in addition to the Internal Audit reports, are reviewed by the Audit Committee and serve as additional risk management tools overseen by the Board of Directors. The Compensation Committee also incorporates risk considerations into executive incentive compensation plans.

Board of Directors Leadership Structure

Mr. Patrick serves as both the Chief Executive Officer and the Chairman of the Board of Directors of the Company. The Board of Directors believes that the Company’s Chief Executive Officer is best situated to serve as Chairman because he is the director most familiar with the Company’s business and industry, and most capable of effectively identifying strategic priorities and leading the discussion and execution of strategy. Independent directors and management have different perspectives and roles in strategy development. The Company’s independent directors bring experience, oversight and expertise from outside the Company and industry, while the Chief Executive Officer brings Company-specific experience and expertise. The Board of Directors believes that the combined role of Chairman and Chief Executive Officer promotes strategic development and execution, and facilitates information flow between management and the Board of Directors, which are essential to effective governance.

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In accordance with governance best practices and our Governance Committee Charter, the Company has appointed John J. Carson as Lead Director. The Governance Committee reviews the effectiveness of the Lead Director on an annual basis, makes recommendations to the full Board for filling that position, and may make a recommendation on succession of the Lead Director. The Lead Director has the following responsibilities and duties:

● To call, develop the agenda for and chair quarterly private executive sessions of the non-management directors of the Bank. At least two such meetings or sub-sessions each year shall be limited to “independent directors,” as defined by the rules of the NASDAQ, if different from “non-management” directors.

● To debrief with the Chairman/ Chief Executive Officer on matters arising in private executive and independent director sessions.

● To serve as a focal point of discussion among the non-management directors on key issues and concerns outside of Board meetings and to serve as an alternative channel to communicate to the Chairman/ Chief Executive Officer any issues, views or concerns on the minds of the non-management directors. Similarly, the Lead Director can serve as a channel of feedback from the Chairman/ Chief Executive Officer to the non-management directors. Nothing herein is meant to discourage direct communication between all directors and the Chairman/ Chief Executive Officer.

● To facilitate communications between the Chairman/ Chief Executive Officer and the other board members. However, the Lead Director does not interfere with or impede each director’s ability to communicate directly with the Chairman/ Chief Executive Officer or the ability of the Chairman/Chief Executive Officer to communicate directly with any of the directors.

● To gather input from the non-management directors on Board agendas and information (pre-reading materials etc.) and to provide such input to the Chairman/ Chief Executive Officer to ensure that agendas are focused on issues of importance to the non-management directors and that they are getting the information they need to address agenda items.

● The Lead Director shall review and approve all agendas for Board meetings before they are distributed to the Board.

● The Lead Director shall play no role in Bank operations and management, other than an oversight role as all other directors serve.

Nomination of Directors

The Governance Committee is responsible for reviewing incumbent Board of Director members prior to recommending their re-nomination to the Board of Directors. The Governance Committee is also responsible for identifying, recruiting and recommending to the independent directors of the Board of Directors, new candidates as well as evaluating for the Board of Directors, as necessary. The Governance Committee will also evaluate any candidates for the Board recommended by stockholders.

The Governance Committee believes the current Board of Directors composition reflects and supports the Company’s strategic direction and that Board members bring skills, experience, background and commitment that are relevant to and support the key strategic and operational goals of the Company. The Committee will seek to continue and enhance that alignment when considering new Board members. Community leadership will be an important consideration in reviewing and selecting Board candidates. The Committee will consider candidates who can provide diversity to the Board reflective of the communities served by the Company. Where other criteria in terms of character, skills, experience, track record and commitment to Company goals are assessed by the Governance Committee to be equivalent, candidates reflecting such diversity may be given preference.

With respect to re-nominations of sitting directors, the Governance Committee and Board of Directors will consider individual performance as a director and any material changes in the director’s professional or job status, or community involvement. A director may not serve on the board of more than four (4) public companies (including the Company). A director shall be considered to have resigned at the first annual meeting of stockholders next following the date when the director attains the age of 72 years.

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Nominations by stockholders of record will be considered by the Governance Committee if such nominations are submitted in writing to the Lead Director of the Company either by mail or in person at the principal offices of the Company located at One Farm Glen Boulevard, Farmington, Connecticut, 06032 not less than 30 days prior to any meeting of stockholders called for the election of directors; provided however, that if fewer than 60 days’ notice of the meeting is given to stockholders, such nomination shall be mailed or delivered in person to the Secretary of the Company prior to the earlier of the close of business on the 10th day following (i) the date on which notice of such meeting was given to stockholders; or (ii) the date on which a public announcement of such meeting was first made.

To be considered, the stockholder’s nomination must contain: (a) as to each person whom the stockholder proposes to nominate for election as a director, (i) all information relating to such person that would indicate such person’s qualification to serve on the Board of Directors of the Company; (ii) an affidavit that such person would not be disqualified under the applicable provisions of the Company’s Bylaws; (iii) such information relating to such person that is required to be disclosed in connection with solicitations of proxies for election of directors, or is otherwise required, in each case pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any successor rule or regulation and (iv) a written consent of each proposed nominee to be named as a nominee and to serve as a director if elected; and (b) as to the stockholder giving the notice: (i) the name and address of such stockholder as they appear on the Company’s books and of the beneficial owner, if any, on whose behalf the nomination is made; (ii) the class or series and number of shares of capital stock of the Company that are owned beneficially or of record by such stockholder and such beneficial owner; (iii) a description of all arrangements or understandings between such stockholder and each proposed nominee and any other person or persons (including their names) pursuant to which the nomination(s) are to be made by such stockholder; (iv) a representation that such stockholder intends to appear in person or by proxy at the meeting to nominate the persons named in its notice; and (v) any other information relating to such stockholder that would be required to be disclosed in a proxy statement or other filings required to be made in connection with solicitations of proxies for election of directors pursuant to Regulation 14A under the Exchange Act or any successor rule or regulation.

The Company currently has nine directors. Mr. Drew attained age 72 in 2014 and, in accordance with the Company’s Corporate Governance Guidelines, will resign from the Board effective with the Meeting. Furthermore, Robert F. Edmunds, Jr. has decided not to stand for re-election.  The Governance Committee is currently reviewing the Board’s succession plans to address this and related needs.

Communications with the Board of Directors

The Company endeavors to ensure that the Board of Directors or individual directors, if applicable, consider the views of its stockholders, who may communicate with the Board of Directors by sending a letter or an e-mail to the Company’s Lead Director, John Carson, c/o First Connecticut Bancorp, Inc., One Farm Glen Boulevard, Farmington, Connecticut 06032, email: leaddirector@firstconnecticutbancorp.com. All communications to the Board will be reviewed by the Lead Director and discussed with the Governance Committee. The Company believes that this procedure allows the Board to be responsive to stockholder communications in a timely and appropriate manner.

PROPOSAL NO. 1

ELECTION OF DIRECTORS

FCB’s Articles of Incorporation provide that the Board of Directors shall be divided into three classes, designated as Class I, Class II and Class III, and as nearly equal in number as possible. The Board of Directors currently consists of nine persons, of whom three are designated as Class I Directors, three as Class II Directors and three as Class III Directors. Directors serve staggered three year terms and until their successors are duly elected and qualified or until the director’s earlier resignation or removal.  Of the current directors, Patience P. (“Duby”) McDowell and James T. Healey, Jr. were appointed as directors by the Board of Directors on July 23, 2014.

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At the Meeting, two Class I Directors are to be elected to serve until the 2018 annual meeting and until their successors are duly elected and qualified. The directors of FCB currently also serve as directors of Farmington Bank. The Board of Directors, upon the recommendation of the Governance Committee, has reviewed the relationship that each director has with FCB, and affirmatively determined that all directors are independent within the meaning of applicable laws and regulations and the listing standards of the Nasdaq Global Select Market, other than Mr. Patrick, due to his position as President and Chief Executive Officer of FCB and Farmington Bank.

Unless authority to do so has been withheld or limited in a proxy, it is the intention of the persons named as proxies to vote the shares to which the proxy relates FOR the election of the two nominees named below to the Board of Directors as Class I Directors. If any nominee named below is not available for election to the Board of Directors at the time of the Meeting, it is the intention of the persons named as proxies to act to fill that office by voting the shares to which a proxy relates FOR the election of such person or persons as may be designated by the Board of Directors or, in the absence of such designation, in such other manner as the proxies may in their discretion determine, unless authority to do so has been withheld or limited in the proxy. The Board of Directors anticipates that each of the two nominees named below will be available to serve if elected.

Set forth below is certain biographical information for both the two individuals being nominated by the Board of Directors for election as Class I Directors, and for those Class II and Class III Directors whose terms expire at the annual meetings of stockholders in 2016 and 2017, respectively. The two director nominees consist of John J. Patrick, Jr., currently a Class I Director, and James T. Healey, Jr.  The biographies for each of the nominees and continuing directors below contain information regarding the person’s service as director, business experience, director positions held currently or at any time during the last five years, and the experiences, qualifications, attributes or skills that caused the Governance Committee and the Board of Directors to determine that the person should serve as a director.

The Board of Directors recommends a vote “FOR” the election as directors of the nominees for Class I Director named immediately below.

NOMINEES FOR CLASS I DIRECTORS (Term to Expire 2018)

  James T. Healey, Jr., 55, has been a director of FCB and Farmington Bank since July 23, 2014. Mr. Healey worked for Keefe Bruyette & Woods, Inc. for 28 years, last serving as a Senior Vice President before retiring in 2012. Keefe Bruyette & Woods, Inc. is a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector. Mr. Healey is President of the Hartford Golf Club, a director of the Saint Francis Hospital Foundation and a member of the Executive Committee and Treasurer of the Connecticut State Golf Association.  In addition he is a past Board member of the Brain Injury Alliance of Connecticut. Mr. Healey provides the Board of Directors with financial expertise. He is a financial expert for Audit Committee purposes.

John J. Patrick, Jr., 56, has served as Chief Executive Officer and President of Farmington Bank since March of 2008. He has also served as Chairman of the Board of Directors of Farmington Bank since July of 2008 and Chairman of the Board of Directors of FCB since its formation. Prior to this, Mr. Patrick served as the President and Chief Executive Officer of TD Bank Connecticut. He is a director of Hartford Healthcare and Vantis Insurance Company, located in Windsor, Connecticut, as well as several other community organizations. Mr. Patrick’s extensive experience in the local banking industry, service as CEO of FCB and Farmington Bank, and involvement in business and civic organizations in the communities in which Farmington Bank serves, affords the Board of Directors, valuable insight regarding the business and operations of Farmington Bank.

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CLASS II DIRECTORS CONTINUING IN OFFICE (Term to Expire 2016)

Ronald A. Bucchi, 59, has been a director of FCB since its formation in 2011 and a director of Farmington Bank since 2000. Mr. Bucchi is a self-employed C.P.A. and C.G.M.A. with a specialized practice that concentrates in CEO consulting, strategic planning, mergers, acquisitions, business sales and tax. He works with domestic and international companies. He is a graduate of the Harvard Business School Executive Education program with completed course studies in general board governance, audit and compensation. He is currently Treasurer and a member of the Board of Directors of the Petit Family Foundation, Inc. and a director of Lightwave Logic, Inc. (OTCQB: “LWLG”) and serves as Chairman of their Audit Committee. He is on the Board of Directors of the Farmington Bank Foundation. He has served on numerous other community boards and is past Chairman of the Wheeler Clinic and the Wheeler YMCA. He is a member of the Connecticut Society of Certified Public Accountants, American Institute of Certified Public Accountants and the National Association of Corporate Directors. As a certified public accountant, Mr. Bucchi provides the Board of Directors with significant experience regarding accounting and financial matters. He is a financial expert for Audit Committee purposes.

John J. Carson, 71, has been a director of FCB since its formation in 2011 and a director of Farmington Bank since 2010. Mr. Carson was Vice President, University Relations at the University of Hartford from 2005 to September 2014 and currently serves as Senior Advisor for External Relations. From 1991 to 1996, Mr. Carson served as President of the Connecticut Policy and Economic Council and he served as Commissioner of Economic Development for the State of Connecticut from 1981 to 1988. He served as Vice Chairman of Glastonbury Bank and Trust and then TD Banknorth Connecticut. He also served from 2003 to 2007 on the Board of Directors’ Risk Committee of the parent corporation, TD Banknorth N.A. He is board advisor to S/L/A/M Collaborative of Glastonbury. He is on the Board of Directors of the Farmington Bank Foundation. Active in numerous community organizations, Mr. Carson serves or has served on committees and boards including: The Bushnell Center for the Performing Arts, Saint Francis Hospital and Medical Center and the Connecticut Center for Advanced Technology. He is a former Chairman of the Connecticut Development Authority and Connecticut Business Development Corporation. Mr. Carson’s business, development and economics expertise both in the private and public sectors, as well as his prior board of directors’ experience at a publicly held bank, provide valuable knowledge and experience to our Board of Directors.

Kevin S. Ray, 61, has been a director of FCB since its formation in 2011 and a director of Farmington Bank since 1997. Mr. Ray is President of Deming Insurance Agency, Inc. and Secretary/Treasurer of Deming Financial Services, Inc., two insurance agencies headquartered in Farmington, Connecticut. Mr. Ray is a past President of the Professional Insurance Agents Association of Connecticut and has served as a trustee of the Society of Certified Insurance Counselors of Connecticut. Mr. Ray is the former President of several community organizations, including the Farmington Community Chest, Winding Trails Recreation Area, Farmington Exchange Club and the Farmington Rotary Club. He is also past Chairman of the Farmington Economic Development Commission. He is on the Board of Directors of the Farmington Bank Foundation. Mr. Ray’s significant community involvement provides our Board of Directors with valuable insight into the community and his insurance background provides the Board of Directors with substantial experience with respect to an industry that complements the financial services provided by Farmington Bank relating to insurance, sales and investments.

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CLASS III DIRECTORS CONTINUING IN OFFICE (Term to Expire 2017)

Patience P. (“Duby”) McDowell, 55, has been a director of FCB and Farmington Bank since July 23, 2014. Ms. McDowell is President and a Principal of McDowell Jewett Communications, a Hartford, Connecticut based public relations and communications company. She previously was a political analyst and reporter for NBC and CBS affiliates in Hartford, Connecticut. Ms. McDowell benefits the Board of Directors with her substantial entrepreneurial and strategic experience, specifically within the communities in which Farmington Bank operates and may expand, and provides the Board of Directors with valuable insight on issues relating to those communities.

Michael A. Ziebka, 51, has been a director of FCB since its formation in 2011 and a director of Farmington Bank since 2007. Mr. Ziebka is the Managing Partner of Budwitz & Meyerjack, P.C., an accounting firm located in Farmington, Connecticut. In addition to being managing partner, Mr. Ziebka is also senior audit principal for Budwitz & Meyerjack, P.C. with responsibilities for overseeing the firm’s accounting, auditing, and financial reporting practice. Mr. Ziebka is a member of the American Institute of Certified Accountants and the Connecticut Society of Certified Public Accountants. He holds CPA licenses in Connecticut and Massachusetts. In addition, he is a principal stockholder and the Chairman of the Board of Directors of Association Resources, Inc., a business consulting firm in West Hartford, Connecticut. He currently serves as a director for several community organizations, including Farmington Country Club, the Farmington Foundation and the Farmington Bank Foundation. He is also a past member of the board of Farmington Chamber of Commerce, Services for the Elderly and the Exchange Club of Farmington. As the managing partner and Chief Executive Officer of a certified public accounting firm, Mr. Ziebka provides the Board of Directors with significant experience regarding accounting matters and financial expertise. Mr. Ziebka is currently enrolled as a graduate student in the Masters of Accounting program at the University of Connecticut. He is a financial expert for Audit Committee purposes.

All ages presented are as of December 31, 2014.

INFORMATION ABOUT EXECUTIVE OFFICERS

Executive Officers of First Connecticut Bancorp, Inc.

The following table sets forth the names, ages and positions of the individuals who currently serve as executive officers of FCB.

Name	Age(1)	Position
John J. Patrick, Jr.	56	Chairman, President and Chief Executive Officer
Gregory A. White	50	Executive Vice President and Chief Financial Officer
Michael T. Schweighoffer	52	Executive Vice President and Chief Lending Officer
Kenneth F. Burns	55	Executive Vice President and Director of Retail and Marketing
Catherine M. Burns	54	Executive Vice President and Chief Risk Officer

(1) Ages presented are as of December 31, 2014.

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Biographical Information of Executive Officers Who Are Not Directors

The business experience for at least the past five years of each of our executive officers who are not directors is set forth below.

Gregory A. White has served as Chief Financial Officer, Executive Vice President and Treasurer of Farmington Bank since January 2009. Prior to this, he served as Senior Vice President, Chief Financial Officer and Treasurer of Rockville Financial Inc. since its formation in May 2005. Mr. White served as Senior Vice President, Chief Financial Officer and Treasurer of Rockville Bank, a subsidiary of Rockville Financial Inc. from December 2003 to December 2008.

Michael T. Schweighoffer joined Farmington Bank in March 2009 and serves as Executive Vice President and Chief Lending Officer. Prior to joining Farmington Bank he served as State President of TD Bank in Connecticut since 2008. He joined TD Bank in 2002 and prior to being named State President in Connecticut, served as a Senior Vice President and Regional Commercial Lending Manager. From 1995 to 2002, Mr. Schweighoffer served as Vice President of Commercial Lending and Regional Commercial Lending Manager at People’s Bank. From 1989 to 1995, Mr. Schweighoffer was employed by Shawmut Bank in a number of capacities including Credit Review Team Leader and Vice President of Commercial Lending.

Kenneth F. Burns serves as Executive Vice President and Director of Retail and Marketing. He joined Farmington Bank in January 2005 as Senior Vice President and Director of Retail Banking. Prior to joining Farmington Bank, from 1998 to 2005, Mr. Burns was the President and CEO of Creative Dimensions, a marketing and manufacturing company located in Plainville, Connecticut. Prior to that, from 1981 to 1997, Mr. Burns worked at Eagle Bank, a $2.2 billion bank headquartered in Bristol, Connecticut, as Executive Vice President of Retail Banking and Marketing.

Catherine M. Burns serves as Executive Vice President and Chief Risk Officer. She joined Farmington Bank in 2010. Prior to joining Farmington Bank, she worked at TD Bank where she served as Senior Vice President, Head of Community Banking; Senior Vice President, Commercial Lending Regional Executive, Senior Vice President, Chief of Staff, Commercial Lending; and Vice President, Commercial Credit Manager. Prior to TD Bank, Ms. Burns worked at Bay Bank for 15 years in various retail, operations, and commercial banking management capacities.

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COMMON STOCK OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

Security Ownership of 5% Beneficial Owners

The following table sets forth certain information, as of March 25, 2015, regarding the beneficial owners of more than 5% of the outstanding common stock:

Name	Amount of Securities Beneficially Owned			Percent Ownership
Basswood Capital Management, L.L.C.		1,102,410	(a)		6.88	%
c/o Basswood Capital Management, L.L.C.
645 Madison Avenue, 10th Floor
New York, NY 10022
Farmington Bank Employee Stock Ownership Plan		1,412,362	(a)		8.80	%
One Farm Glen Boulevard
Farmington, Connecticut 06032
Rutabaga Capital Management		805,901	(a)		5.03	%
64 Broad Street, 3rd Floor
Boston, Massachusetts 02109
Wellington Management Co LLP		1,460,177	(a)		9.11	%
280 Congress Street
Boston, Massachusetts 02210

(a) Information is based upon ownership of record as reflected on Schedule 13G filed by the reporting person for the period ending December 31, 2014.

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Security Ownership of Directors and Officers

The following table sets forth certain information regarding the beneficial ownership of our common stock as of March 25, 2015 by each director, each Named Executive Officer named in the Summary Compensation Table appearing on page 28 and all directors and executive officers as a group. Unless otherwise indicated, each person has sole voting and dispositive power over the shares indicated as owned by such person.

Name of Beneficially Owner	Amount of Securities Beneficially Owned(a)		Percent Ownership
Ronald A. Bucchi(b)		94,414		*
Catherine M. Burns (c)		82,126		*
Kenneth F. Burns(d)		116,551		*
John J. Carson (e)		95,306		*
David M. Drew(f)		122,611		*
Robert F. Edmunds, Jr.(g)		153,318		*
James T. Healey, Jr. (h)		32,000		*
Patience P. (“Duby”) McDowell (i)		2,625		*
John J. Patrick, Jr.(j)		379,679		2.4	%
Kevin S. Ray(k)		96,818		*
Michael T. Schweighoffer(l)		155,168		*
Gregory A. White (m)		158,326		*
Michael A. Ziebka(n)		88,218		*
All directors and executive officers as a group (13 total)(o)		1,577,160		9.8	%

*	Less than one percent.
(a)	If applicable, beneficially owned shares include shares owned by the spouse, children and certain other relatives of the director or executive officer, as well as shares held by trusts of which the person is a trustee or in which he or she has a beneficial interest. All information with respect to beneficial ownership has been furnished by the respective directors and executive officers.
(b)	Includes 15,000 shares held in an IRA and 50,958 shares which can be acquired pursuant to currently exercisable options.
(c)	Includes 4,500 shares held in an IRA, 3,491 shares held in an ESOP and 41,040 shares which can be acquired pursuant to currently exercisable options.
(d)	Includes 27,329 shares held in an IRA, 3,491 shares held in an ESOP and 53,460 shares which can be acquired pursuant to currently exercisable options.
(e)	Includes 4,838 shares held in an IRA (of which 28 shares are in a DRIP), 846 shares held by Mr. Carson as custodian for his grandchildren (of which 10 shares are in a DRIP), 295 shares in a SEP (of which 4 shares are in a DRIP) and 50,958 shares which can be acquired pursuant to currently exercisable options.
(f)	Includes 3,289 held by Mr. Drew’s spouse, 32,444 shares held in separate IRAs, 160 shares held in a trust and 50,958 shares which can be acquired pursuant to currently exercisable options.
(g)	Includes 30,000 shares held by Mr. Edmund’s spouse, 6,600 shares held by a company which Mr. Edmunds is a majority owner and 50,958 shares which can be acquired pursuant to currently exercisable options.
(h)	Includes 25,000 shares held in an IRA, 5,000 shares held by Mr. Healey’s spouse and 2,000 shares which can be acquired pursuant to currently exercisable options.
(i)	Includes 625 shares held jointly with Ms. McDowell’s spouse and 2,000 shares which can be acquired pursuant to currently exercisable options.
(j)	Includes 10,570 held in a 401(k), 32,024 held in an IRA, 200 shares held by Mr. Patrick’s spouse as trustee for minor children, 100 shares held by Mr. Patrick’s child, 3,491 shares held in an ESOP and 206,772 shares which can be acquired pursuant to currently exercisable options.
(k)	Includes 100 shares held by Mr. Ray’s child and 50,958 shares which can be acquired pursuant to currently exercisable options.
(l)	Includes 10,100 shares held jointly with Mr. Schweighoffer’s spouse, 3,491 shares held in an ESOP and 81,000 shares which can be acquired pursuant to currently exercisable options.
(m)	Includes 16,924 shares held jointly with Mr. White’s spouse, 3,491 shares held in an ESOP and 81,000 shares which can be acquired pursuant to currently exercisable options.
(n)	Includes 50,958 shares which can be acquired pursuant to currently exercisable options.
(o)	Includes 771,400 shares which can be acquired pursuant to currently exercisable options.

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Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), requires executive officers and directors and persons who beneficially own more than ten percent of our common stock to file initial reports of ownership and reports of changes in ownership with the SEC and any national securities exchange on which FCB securities are registered. Based solely on a review of the copies of such forms furnished to us and written representations from the executive officers and directors, we believe that during 2014 our executive officers, directors and greater than ten percent beneficial owners (the Company is not aware of any) complied with all applicable Section 16(a) filing requirements.

Stock Retention Policy

We maintain a Stock Retention Policy for directors and officers of the Company. Pursuant to the Retention Policy, directors must retain ownership of Company stock equal to three times their annual retainer fee and will have five years to satisfy the requirement. The Company’s CEO must retain ownership of Company stock equal to two times base salary and the Company’s named executive officers must retain ownership of Company stock equal to one times base salary. The named executive officers and CEO will also have 5 years to satisfy the requirement. All shares over which the individual has voting control will be used in determining the number of shares retained.

COMPENSATION DISCUSSION AND ANALYSIS

The Compensation Committee of the Board of Directors of FCB is charged with the responsibility for establishing, implementing and monitoring adherence to our compensation philosophy and assuring that executives and key management personnel are effectively compensated in a manner which is internally equitable and externally competitive. The Compensation Committee of the Board of Directors has engaged McLagan, an Aon Hewitt Company, as its independent compensation consultant to assist them in this process.

We currently have five executive officers: John J. Patrick, Jr., Chairman, President and Chief Executive Officer, Gregory A. White, Executive Vice President and Chief Financial Officer, Kenneth F. Burns, Executive Vice President and Director of Retail and Marketing, Michael T. Schweighoffer, Executive Vice President and Chief Lending Officer, and Catherine M. Burns, Executive Vice President and Chief Risk Officer.

Compensation Philosophy and Objectives

We believe that competitive compensation is critical for attracting, retaining and motivating qualified executives. Currently, our compensation program includes the following primary elements:

● base salary;

● annual cash incentive awards;

● long-term incentive compensation, principally in the form of options and restricted stock under our 2012 Incentive Stock Plan; and

● retirement and other benefits.

We choose to pay each element of compensation because we believe it is necessary to attract, retain and motivate executives. We pay base salary to provide financial security for talented executives. We pay an annual cash incentive to motivate performance of short-term goals and attempt to balance that motivation by also paying long-term incentives that motivate performance of multi-year goals. We pay retirement and other benefits to be competitive with peer institutions. Our approach to allocating between currently paid and long-term compensation historically has been to ensure adequate base compensation to attract and retain executives, while providing incentives to enhance the long-term financial standing of the Company and to enhance the value of our shares for our stockholders.

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Say on Pay Consideration

In accordance with the preference indicated by our stockholders at the 2012 Annual Meeting of Stockholders, the Board of Directors has determined to hold non-binding, advisory votes on executive compensation every year, so that the next such vote will be held at the Meeting as further described in this Proxy Statement.

We solicited an advisory stockholder “say on pay” vote in our proxy statement to stockholders in 2014. Our stockholders showed support (89%) of our compensation practices in last year’s vote.  During 2014, we continued our ongoing engagement with our stockholders by reaching out to our major institutional investors. Our discussions were focused on our governance and compensation practices. We found that these discussions provided not only valuable insights into our institutional investors’ views of our current governance practices and compensation programs but we also gained a better understanding of our stockholders’ voting processes and areas of concern. We will continue to engage with stockholders on a regular basis in an effort to better understand and consider their views on our executive compensation programs and corporate governance practices.

2014 Compensation

We determined to pay each element of compensation for 2014 after consulting with our independent compensation consultant and discussing with management. In setting compensation for 2014, our Compensation Committee looked at the performance of the institution as a whole during the prior year along with specific department and individual performance, and the responsibilities of our executive officers. To a lesser extent, the Compensation Committee also looked at base salary and incentive award information from peer group institutions presented by our independent compensation consultant. However, final determinations regarding executive compensation ultimately were based upon the judgment of our Compensation Committee as to what it believed was necessary to effectively compensate our executive officers in a manner which is internally equitable and externally competitive.

Base Salary

Our Compensation Committee sets the base salary for our executive officers after review of relevant peer group information presented by our independent compensation consultant. See “Peer Group Analysis” below. The Committee also reviews the historical compensation levels of the executives, the responsibilities of the position held along with current or anticipated changes in those responsibilities and the performance of the individual during the prior year. Traditionally, base salaries have not been determined by reference to any particular percentage of the mean or average pay for comparable positions at the peer group institutions, but have been determined based on the judgment of the Compensation Committee.

Base salaries are reviewed on an annual basis beginning in January of each year. Annual increases normally take effect in March of each year. The base salaries for our named executive officers in 2014 were as follows: John J. Patrick, Jr., $500,000; Gregory A. White, $249,312; Michael T. Schweighoffer, $267,825; Kenneth F. Burns, $209,080; and Catherine M. Burns, $207,300.

To remain internally equitable and externally competitive, and reflect additional responsibilities of certain named executive officers, we awarded merit increases in 2015 ranging from 3% to 4.55% Following the increases as mentioned, the base salaries of our named executive officers for 2015 are as follows: John J. Patrick Jr. $515,000 Gregory A. White, $256,800; Michael T. Schweighoffer, $280,011; Kenneth F. Burns, $217,443; and Catherine M. Burns, $213,519.

Annual Incentive Compensation Plan

We maintain an Annual Incentive Compensation Plan which provides annual cash incentive awards to employees who achieve annual performance goals. All regular employees (excluding temporary and casual labor employees) are eligible to participate in this plan. However, new employees must be employed by September 30 in a given plan year to be eligible for an award related to performance in that plan year. If employed after September 30, the employee is not eligible to receive an award until the next plan year, but if employed before September 30, the employee will receive a prorated award based on months worked. Unless a participant is terminated for other than cause or is terminated due to death, disability or retirement, a participant must be an active employee as of the award payout date to receive the award. A participant who is terminated for other than cause or who is terminated due to death, disability or retirement will receive a pro-rated award for the plan year based on months worked. The payout will be paid in a lump sum between January 1 and March 15 after the calendar plan year end, unless previously deferred under the Voluntary Deferred Compensation Plan. The plan year is also the performance period for determining the amount of the incentive award to be paid. If the Company does not meet threshold performance levels, there will be no payouts.

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The plan utilizes a defined payout formula that is based upon the achievement of a combination of both qualitative and quantitative, pre-determined Company performance goals and department/individual performance goals. Employees must receive a minimum performance rating of “meeting expectations” or better for the plan year to be eligible for payout. Performance goals are set each year by the Compensation Committee based on recommendations from our Chief Executive Officer (other than for himself) and an assessment of what specific goals need to be set for that year in each category.

Quantitative goals are measured by threshold, target and maximum award opportunity levels which are expressed as a percentage of salary and set forth below. Qualitative goals are similarly measured based on judgments by the Compensation Committee as to the results achieved during the year with respect to each goal. In general, the actual payouts are calculated using a ratable approach where payouts are calculated as a proportion of threshold, target and maximum levels. The percentage of payout for overall Company performance will be determined based on the specific weighting of the Company goals and the actual performance compared to the pre-determined threshold, target and maximum performance levels.

The threshold, target and maximum payout levels under our Annual Incentive Compensation Plan are set annually by our Compensation Committee after review of relevant peer group information presented by our independent compensation consultant. The Committee also reviews the historical payout levels, and specific goals set for the year. These levels are not determined by reference to any particular factor, but are determined based on the judgment of the Compensation Committee as to the level of awards that are necessary to effectively compensate our executive officers in a manner which is internally equitable and externally competitive.

In 2014, the cash incentive awards were payable at the specified percentage of each named executive officer’s base salary as follows:

	Incentive Ranges									Award Categories
	Percent of Salary									Weighting of Award
													Individual/
Tier	Threshold			Target			Maximum			Company			Department
CEO		25	%		50	%		75	%		80	%		20	%
CFO, EVP Retail, EVP Chief Lending Officer		15	%		30	%		45	%		75	%		25	%
EVP Chief Risk Officer		15	%		30	%		45	%		25	%		75	%

As noted above, the performance goals for 2014 relative to our named executive officers were grouped into two categories based on Company performance and department/individual performance. Each category was assigned a specific weight as shown in the table above with specific goals set forth within each category weighted separately.

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In 2014, the performance goals, criteria weighting and actual performance against goals for our named executive officers in the Company performance category were as follows:

John J. Patrick, Jr.:

Weighting	Goals	Threshold		Target		Maximum		Actual
24%	Earnings per Share	$	0.37	$	0.47	$	0.57	$	0.62
16%	Loan Growth	$	150,000,000	$	200,000,000	$	250,000,000	$	318,700,000
16%	Loan Quality*		1.3		0.95		0.70		0.83
12%	Deposit Account Growth		4,000		5,200		6,400		5,248
12%	Deposit Growth**	Threshold		Target		Maximum		Target

In addition to the above goals, a weight of 20% was attributed, based on the judgment of the Compensation Committee, to the specific goals described below.

Gregory A. White, Michael T. Schweighoffer and Kenneth F. Burns

Weighting	Goals	Threshold		Target		Maximum		Actual
22.5%	Earnings per Share	$	0.37	$	0.47	$	0.57	$	0.62
15.0%	Loan Growth	$	150,000,000	$	200,000,000	$	250,000,000	$	318,700,000
15.0%	Loan Quality*		1.3		0.95		0.70		0.83
11.25%	Deposit Account Growth		4,000		5,200		6,400		5,248
11.25%	Deposit Growth**	Threshold		Target		Maximum		Target

In addition to the above goals, a weight of 25% was attributed, based on the judgment of the Compensation Committee, to the specific goals described below.

Catherine M. Burns

Weighting	Goals	Threshold		Target		Maximum		Actual
7.5%	Earnings per Share	$	0.37	$	0.47	$	0.57	$	0.62
5.0%	Loan Growth	$	150,000,000	$	200,000,000	$	250,000,000	$	318,700,000
5.0%	Loan Quality*		1.3		0.95		0.70		0.83
3.75	Deposit Account Growth		4,000		5,200		6,400		5,248
3.75%	Deposit Growth**	Threshold		Target		Maximum		Target

In addition to the above goals, a weight of 75% was attributed, based on the judgment of the Compensation Committee, to the specific goals described below.

* Loan Quality means net charge offs plus non-accrual loans  plus OREO divided by total loans plus OREO.

** Deposit Growth.  For 2014 deposit growth goals were established at a threshold of $98,000,000; a target of 115,000,000 and a maximum of 132,000,000.  The Bank was very successful during the year having raised $216,201,039 in new deposit dollars, which far exceeded the maximum objective.  However, the Compensation Committee in reviewing this goal felt that the use of rate sensitive products at targeted markets, although successful was beyond the intended goal criteria and as such determined that Target was an appropriate level of achievement.

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In 2014, the performance goals, in the department/individual performance category were as follows:

John J. Patrick, Jr.:

The Chief Executive Officer’s individual performance goals were primarily related to the following:

  ● continuing to establish new relationships with institutional investors in the small/midcap markets;

  ● being a major leader and contributor in the community;

  ● initiating process improvement with an emphasis on reducing the efficiency ratio;

  ● developing with the Board of Directors and senior leadership, team strategies to prudently grow the Company while diversifying the geographic market area and mix of the balance sheet;

  ● exercising sound capital management and drive long term shareholder value by increasing Tangible Book Value; and

  ● successful establishment of the Bank’s loan production office and organic expansion into Western Massachussetts.

The Compensation Committee conducted an overall assessment of the processes undertaken to fulfill each goal during the year and made a discretionary judgment as to whether the final outcome met the goal prescribed which was then reported to the full Board of Directors.

Gregory A. White:

The Chief Financial Officer’s department/individual performance goals related to:

  ● monitoring and addressing operating expenses;

  ● effective asset and liability management;

  ● investment Portfolio Management;

  ● managing liquidity;

  ● development of profitability models; and

  ● production of audited financial statements.

In determining actual achievement against the goals, the Compensation Committee conducted an overall assessment of the processes undertaken to fulfill each goal during the year and made a discretionary judgment as to whether the final outcome met the goal prescribed and reported the results to the full Board of Directors.

Michael T. Schweighoffer:

The Chief Lending Officer’s department/individual performance goals related to:

  ● growth in Commercial Real Estate Loans;

  ● growth in Commercial and Industrial Loans;

  ● growth in Residential and Consumer Lending;

  ● growth in Cash Management Services fees and deposits; and

  ● managing Loan Portfolio and Maintaining Asset Quality.

In determining actual achievement against the goals, the Compensation Committee conducted an overall assessment of the processes undertaken to fulfill each goal during the year and made a discretionary judgment as to whether the final outcome met the goal prescribed and reported the results to the full Board of Directors.

Kenneth F. Burns:

The Chief Retail Banking Officer’s department/individual performance goals related to:

  ● customer checking account growth, both in number of new accounts and deposit growth;

  ● small business checking account growth;

  ● small business loan growth;

  ● municipal deposit growth; and

  ● internal referral of wealth management products.

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With respect to goals relating to account growth, small business checking and loan growth, the Compensation Committee reviewed the results in those areas for the year ended December 31, 2014, and made a determination based on those results as to whether the goals were achieved and at what level. Achievement of the other goals within this category were determined by the Compensation Committee, in its discretion, based on an overall assessment of the processes undertaken to fulfill each goal during the year and the judgment of the Compensation Committee as to whether the final outcome met the goal prescribed. The results were then reported to the full Board of Directors.

Catherine M. Burns:

The Chief Risk Officer’s department/individual performance goals related to:

  ● regulatory and Federal Deposit Insurance Corporation Improvement Act compliance;

  ● maintaining safety and soundness;

  ● oversight of credit risk and special assets to maintain strong asset quality, including stabilizing/improving non-accruals and delinquencies and ensure risk rating accuracy;

  ● maintaining high regulatory compliance standards; and

  ● achieving favorable Internal Audit controls and risk management standards to include Operational Risk and oversight of Information Security.

The Chief Risk Officer’s goals tend to be fundamentally different, and less quantifiable, than the goals for the other named executive officers. Given the nature of these goals, goals within this category were determined by the Compensation Committee, in its discretion, based on an overall assessment of the processes undertaken to fulfill each goal during the year and the judgment of the Compensation Committee as to whether the final outcome met the goal prescribed. The results were then reported to the full Board of Directors.

2014 Awards:

In 2014, the applicable performance category weights, target dollar amounts and percentage goals achieved based on target for each executive officer as set forth below.  Non-equity cash incentive awards were paid in 2014 as follows:

John J. Patrick, Jr.

Category Weighting	Target Salary Amount			Percent Achieved to Target			Award Earned	Award Paid
Bank wide 80%		$	200,000		130	%		$	260,200
Individual 20%		$	50,000		140	%		$	69,800
Total		$	250,000					$	330,000

Gregory A. White

Category Weighting	Target Salary Amount			Percent Achieved to Target			Award Earned	Award Paid
Bank wide 75%		$	56,095		130	%		$	72,980
Individual 25%		$	18,699		145	%		$	27,020
Total		$	74,794					$	100,000

Michael T. Schweighoffer

Category Weighting	Target Salary Amount		Percent Achieved to Target			Award Earned	Award Paid
Bank wide 75%	$	60,261		130	%		$	78,399
Individual 25%	$	20,087		147	%		$	26,601
Total	$	80,348					$	108,000

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Kenneth F. Burns
	Target		Percent
Category	Salary		Achieved			Award		Award
Weighting	Amount		to Target			Earned		Paid
Bank wide 75%	$	47,043		130	%			$	61,203
Individual 25%	$	15,681		145	%			$	22,797
Total	$	62,724						$	84,000
Catherine M. Burns
	Target		Percent
Category	Salary		Achieved				Award	Award
Weighting	Amount		to Target				Earned	Paid
Bank wide 25%	$	15,548		130	%			$	20,227
Individual 75%	$	46,642		102	%			$	47,773
Total	$	62,190						$	68,000

Long-Term Incentive Compensation

Total compensation to our named executive officers, as well as other executives and key employees, includes long-term incentive awards granted under the 2012 Stock Incentive Plan. The objectives of the 2012 Stock Incentive Plan are to enable us to attract and retain the best available talent and encourage the highest level of performance by, and provide additional incentive to our executives, directors and certain other key employees. The nature and size of awards under the 2012 Stock Incentive Plan were based on a number of factors including regulatory guidelines and historic conversion practice, awards made to those holding comparable positions in our peer group and the accounting treatment of the 2012 Stock Incentive Plan. As of December 31, 2014, the number of shares reserved for future grants under the 2012 Stock Incentive Plan was 23,413 representing approximately 1.5% of our issued and outstanding common stock.

Equity Awards

Equity awards reflect the executive’s position with the Company and his or her actual and anticipated contribution to the Company. Substantially all of the stock options and restricted stock available under the 2012 Stock Incentive Plan was granted to Directors, executive officers and other employees in grants issued in September 2012 with multi-year vesting.

All options are granted at the market closing price on the grant date. Because the value of stock options increases when our stock price increases, which is designed to reward sound business decisions that lead to improved long-term performance, stock options align the interests of executive officers with those of stockholders.

Options and restricted stock awards by the Company generally have five year vesting schedules to encourage key employees to continue in the employ of the Company. The vesting of both options and restricted stock accelerate upon a change in control (as defined in the relevant agreements).

Retirement and Other Benefits

Supplemental Retirement Plan for Senior Executives

We have adopted a Supplemental Retirement Plan for Senior Executives (the “SERP”), for the purposes of providing supplemental retirement benefits to certain executives who have been designated by the Board of Directors as being eligible to participate. It is intended that the SERP comply with the requirements of Section 409A of the Internal Revenue Code and is to be construed and interpreted in a manner consistent with the requirements of Section 409A. John J. Patrick, Jr., Michael T. Schweighoffer and Gregory A. White have been designated by the Board of Directors for participation in the SERP. The benefits payable under the SERP vest at a rate of 10% for each year of service since original date of hire, with the benefits being 100% vested upon completion of ten years of service. If an executive is involuntarily terminated without cause or is terminated due to death, disability, change in control or good reason, the benefits shall be 100% vested regardless of years of service. If an executive is terminated for cause or if the executive violates the non-competition provision in the SERP, the retirement benefit under the SERP is forfeited.

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Generally, the SERP provides the designated participants with a retirement benefit equal to a fixed percentage (50% in the case of Mr. Patrick and 40% in the case of Mr. Schweighoffer and Mr. White) of such executive’s final average compensation (final average compensation is an average of the executive’s highest three (3) years of compensation within the last five (5) years multiplied by a prorate fraction, the numerator of which is the executive’s years of employment and the denominator of which is set forth in each executive’s participation agreement (16 years for Mr. Patrick, 18 years for Mr. Schweighoffer and 21 years for Mr. White). If the executive is terminated prior to the age of 62, the amount of the benefit is reduced by 6% per year for each year prior to age 62. However, in the case of the executive’s termination upon disability or termination without cause or for good reason within two (2) years of a change in control, the benefit shall be calculated as if the executive had completed the years of employment between disability or termination and age 65, and as if the executive’s final average compensation had increased 3% per year for each calendar year until age 65. If the benefits provided under the SERP, either on its own, or when aggregated with other payments to the executive that are contingent on a change in control would cause the executive to have an “excess parachute payment” under Section 280G of the Internal Revenue Code, the benefits under the SERP and/or other payments shall be reduced to avoid such a result with the amounts under the executive’s employment agreement or change in control agreement reduced first and the SERP benefits reduced next.

The executive (or the executive’s beneficiary in the case of death) is entitled to receive the retirement benefits under the SERP (i) if the executive retires or terminates employment (other than due to cause or death) on or after age 65, (ii) if the executive terminates employment (other than due to cause, death or disability, or following a change in control) prior to age 65, (iii) if the executive becomes disabled prior to age 65, (iv) if the executive dies, or (v) if the executive is terminated without cause or for good reason within a two (2) year period after a change in control.

The retirement benefit shall be paid 45 days after an executive’s death, retirement or termination except that in the case of an executive’s termination due to disability or termination without cause or for good reason within two (2) years of a change in control, the retirement benefit shall be paid at age 65 unless, at the time the executive executed the participation agreement, the executive elected to receive the payment on the date of termination. If there is a change in control after payments commence under the SERP and the payments are in a form other than a lump sum, the present value of the remaining payments shall be paid to the executive in a lump sum 45 days after the date of the change in control. The payment of the retirement benefits under the SERP are paid in a lump sum unless the participant elects otherwise, in which case the benefit may be paid in annual equal installments over a period not to exceed 20 years, or a percentage of the benefit may be paid in a lump sum and a percentage of the benefit paid in annual equal installments over a period not to exceed 20 years.

Voluntary Deferred Compensation Plan for Directors and Key Employees

Since 1992, we have maintained a Voluntary Deferred Compensation Plan for Directors and Key Employees for the purpose of attracting, retaining and motivating individuals of high caliber and experience to act as directors and key employees. With respect to participation in the plan by key employees, the plan is intended to be an unfunded plan under ERISA. Effective January 1, 2010, we amended the plan to limit it only to directors and to discontinue further deferrals by key employees. In addition, the amendment changed the interest rate credited to participants’ accounts with respect to participants who had not retired or otherwise been terminated prior to January 1, 2010. Although employees may not make deferrals under the plan on or after January 1, 2010, deferral accounts continue to be maintained for former key employee participants until all amounts credited to such deferral accounts have been paid to such employees, and the time and form of such payments are governed by the provisions of the plan in effect as of the date of such retirement or termination. This plan was further amended as of January 1, 2013 to change the interest rate for deferrals made thereafter with respect to individuals who make deferrals. Per the amendment, interest on deferrals after January 1, 2013 is set annually in December at a rate equal to the Bank’s five year Certificate of Deposit rate for December. This plan is unsecured and unfunded.

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Generally, the plan permits eligible participants to defer all or a portion of their fees or compensation. Deferred amounts are credited to a bookkeeping account and earn interest until they are paid out in full. With respect to participants who have retired or been otherwise terminated prior to January 1, 2010, the deferral accounts earn interest at a rate equal to the 5-year CD rate plus 4%, subject to a minimum of 8% and maximum of 12%, with the rate set in December and applying for the following year. With respect to participants who have not retired or been otherwise terminated prior to January 1, 2010, the deferral contributions made earn interest at a rate equal to 8%. The plan was amended December 20, 2012 such that all contributions that are made on or after January 1, 2013 shall be a rate of interest, set annually in December to be effective for the subsequent calendar year, equal to the five-year Bank Certificate of Deposit.

The interest, in both cases, is credited on a monthly basis. The participant must file an election form electing the percentage of fees or compensation to be deferred and the time and form of payment not later than 30 days after commencing employment, and such election shall remain effective for subsequent years unless the participant makes a new election prior to January 1 of the year in which the fees or compensation will be earned. Participants can elect to receive payment (i) in a lump sum on the earliest of the participant’s termination as a director or employee, disability or a date specified by the participant, (ii) in a lump sum on a date specified by the participant, (iii) in equal consecutive annual or monthly installments over a period not to exceed 15 years, with the first installment to be paid on the earliest of the participant’s termination as a director or employee, disability or a date specified by the participant, or (iv) in equal consecutive annual or monthly installments over a period not to exceed 15 years, with the first installment to be paid on a date specified by the participant. Participants are not able to change the time or form of payment election unless the change is made at least 12 months prior to the date payment of those fees or compensation would otherwise have been made, and the change must delay the payment for at least 5 years from the date payment would otherwise have been made or begun. Participants are always fully vested in their deferral account or if selected in accordance with the installment method in effect prior to death.

In the event of a participant’s death before commencement of payment, payment will be made to the participant’s beneficiary in a lump sum within 90 days of the participant’s death, unless the participant has specified a different time and/or form of payment in the election form. In the event of a participant’s death after installment payments have begun, the installments will be accelerated and paid in a lump sum to the participant’s beneficiary within 90 days of the participant’s death.

In the event of a change in control or potential change in control, we are required to create a rabbi trust and deposit cash in an amount sufficient to provide for full payment of all potential obligations of the plan. The rabbi trust is irrevocable until all obligations under the plan have been satisfied.

Voluntary Deferred Compensation Plan for Key Employees

We also maintain a Voluntary Deferred Compensation Plan for Key Employees which was effective January 1, 2007. The plan is intended to be an unfunded plan under ERISA. The plan permits eligible employees to defer all or a portion of their compensation. Deferred amounts are credited to a bookkeeping account and earn interest until they are paid out in full. The deferred amounts earn interest at a rate equal to the 5-year CD rate. The rate is set in December and applies for the following year. The interest is credited on a monthly basis. The employee must file an election form electing the percentage of compensation to be deferred and the time and form of payment not later than 30 days after commencing employment, and such election shall remain effective for subsequent years unless the employee makes a new election prior to January 1 of the year in which the compensation will be earned. Participants can elect to receive payment (i) in a lump sum on the earliest of the employee’s termination, disability or a date specified by the employee, (ii) in a lump sum on a date specified by the employee, (iii) in equal consecutive annual or monthly installments over a period not to exceed 15 years, with the first installment to be paid on earliest of the employee’s termination, disability or a date specified by the employee, or (iv) in equal consecutive annual or monthly installments over a period not to exceed 15 years, with the first installment to be paid on a date specified by the employee. Employees are not able to change the time or form of payment election unless the change is made at least 12 months prior to the date payment of the compensation would otherwise have been made and the change must delay the payment for at least five years from the date payment would otherwise have been made or begun. This plan is unsecured and unfunded.

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In the event of the death of an employee before commencement of payment, payment will be made to the employee’s beneficiary in a lump sum within 90 days of the employee’s death, unless the employee has specified a different time and/or form of payment in the election form. In the event of an employee’s death after installment payments have begun, the installments will be accelerated and paid in lump sum to the employee’s beneficiary within 90 days of the employee’s death or if selected in accordance with the installment method in effect prior to death.

In the event of a change in control or potential change in control, we are required to create a rabbi trust and deposit cash in an amount sufficient to provide for full payment of all potential obligations of the plan. The rabbi trust is irrevocable until all obligations under the plan have been satisfied.

Life Insurance Premium Reimbursement Agreement

Effective January 1, 2009, we entered into Life Insurance Premium Reimbursement Agreements with John J. Patrick, Jr., our President and Chief Executive Officer, and Gregory A. White, our Chief Financial Officer. Effective April 14, 2011, we also entered into a Life Insurance Premium Reimbursement Agreement with Michael T. Schweighoffer, our Executive Vice President and Chief Lending Officer. The agreement with Mr. Patrick provides that in the event he purchases an individual supplemental life insurance policy providing $2.0 million of pre-retirement term life coverage and $1,000,000 of post-retirement coverage, we agree to pay Mr. Patrick a tax-adjusted bonus in an amount equal to the total amount of premiums, increased by 40% paid for such plan provided we receive documentation evidencing such payments. The agreements with Mr. White and Mr. Schweighoffer provide that in the event they purchase an individual supplemental life insurance policy providing $1.0 million of pre-retirement term life coverage and $250,000 of post-retirement coverage, we agree to pay each of them, as applicable, a tax-adjusted bonus in an amount equal to the total amount of premiums, increased by 40% paid for such plan provided we receive documentation evidencing such payments. Pursuant to the agreements, we may provide the levels of insurance required through our group insurance policy, in which case we are not obligated to reimburse Messrs. Patrick, White or Schweighoffer for their individual policy.

Defined Benefit Employees’ Pension Plan

We maintain the Farmington Bank Defined Benefit Employees’ Pension Plan, a non-contributory defined benefit plan intended to satisfy the requirements of Section 401(a) of the Internal Revenue Code. While the primary purpose is to provide employees with retirement benefits, under certain circumstances it provides surviving spouses with plan benefits in the event the employee dies before retirement. As of February 28, 2013, the Company imposed a “hard freeze” on this plan, freezing all benefit accruals as of that date and providing no additional benefits after such date. The Company believes its 401(k) and Employee Stock Ownership plans provide appropriate retirement programs for its employees.

As of January 1, 2007 employees who were already participants in the plan continue to be participants in the plan. Employees who were hired on or after January 1, 2007 are not eligible for the Pension Plan. Currently, Kenneth F. Burns, our Director of Retail and Marketing, is the only named executive officer eligible to participate in this plan.

Under the plan, employees hired prior to December 31, 2006 become eligible to participate in the plan as of the January 1 or July 1 coinciding with or immediately following the date the employee reaches age 21 and completes 1,000 hours of service in a consecutive 12 month period. Employees become fully vested in their accrued benefits under the plan upon the completion of 5 years of service after their 18th birthday. Employees are credited with one year of service for each plan year in which they complete 1,000 hours of service. Employees are also automatically 100% vested if they are active employees when they reach normal retirement age, which is age 65 for employees who were participants in the plan before January 1, 1988 and the later of age 65 or the fifth anniversary of the first day of the plan year in which such employee began participating in the plan. The employees have a choice as to the way they receive the monthly benefit.

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In general, the plan provides for a normal retirement benefit that is payable monthly on the first day of the month which coincides with or follows the later of the employee’s 65th birthday or the fifth anniversary of the first day of the plan year in which such employee began participating in the plan. For employees who were participants in the plan before January 1, 1988, the monthly benefit is payable on the first day of the month which coincides with or follows the employee’s 65th birthday. For employees who continue to work after the normal retirement date and elect a late retirement date, the benefits under the plan continue to accrue while the employee remains employed, but the late retirement benefit payment must begin no later than April 1 following the later of the year the employee reaches age 70 ½or the year the employee retires.

The amount of monthly benefits received under the plan depends on several factors: the length of employment, earnings and salary history while employed, age when retirement payments begin and certain legal limitations and requirements. The normal retirement benefit under the plan is equal to (a) the product of 2% of average annual earning multiplied by years of credited service as of December 31, 2006, plus (b) the product of 1% of average annual earning multiplied by years of credited service on or after January 1, 2007. No more than 30 years of credited service will be taken into account when determining the amount of the benefit. The early retirement benefit under the plan is calculated in basically the same way as the normal retirement benefit, but includes adjustments made by an “early commencement factor.” The early commencement factor, based on the age at which the employee starts to receive the benefit payment, reduces the monthly benefit to account for the additional years during which the employee will receive payments. The late retirement benefit under the plan is calculated in basically the same way as the normal retirement benefit, with credited service and earnings based on the date the employee actually ceases employment. The late retirement benefit will be equal to the greater of (a) the normal retirement benefit calculated using the credited services and earnings to the day of actual retirement, or (b) the normal retirement benefit calculated using the credited services and earnings as of the normal retirement date increased by the late adjustment factor up to April 1 after the age of 70 ½. After age 70 ½ a different calculation applies.

The plan also provides a retirement benefit for participants who terminate employment before they are eligible to retire if fully vested. The amount of the benefit is equal to a percentage of the normal retirement benefit. If vested when employment terminates prior to the normal retirement date and the present value of the vested benefits is greater than $5,000, payment of the vested benefit will begin on the normal retirement date and if less than $5,000, it will be paid out in a single lump payment as soon as feasible following termination. Such an employee may elect to receive the benefits as early as the first day of the month coinciding with or following the day the employee would be eligible for early retirement if employment continued, but based only on the service and years of credited service on the date employment terminated and adjusted by the early commencement factor.

401(k) Plan

We have established the Farmington Bank 401(k) Plan, a tax-qualified plan under Section 401(a) of the Internal Revenue Code which provides for a cash or deferred arrangement under Section 401(k) of the Internal Revenue Code.

The types of contributions which may be made under the plan are salary deferrals, rollover contributions, safe harbor contributions, matching contributions and profit sharing contributions. An employee is eligible to make salary deferrals and safe harbor contributions to the plan and to receive matching contributions on the first day of the month coinciding with or next following the date that the employee has completed six (6) months of service and has attained age 21.

Under the plan, employees may elect to defer a percentage of compensation each year provided the total deferrals in 2014 do not exceed $17,500 and after 2014 the dollar limit may increase for cost-of-living adjustments. In addition, employees age 50 or over may elect to defer additional amounts called catch-up contributions, which may be deferred regardless of any other limitations on the amount that you may defer to the plan. The maximum catch-up contribution permitted in 2014 was $5,500 and after 2014 the dollar limit may increase for cost-of-living adjustments. For employees hired after January 1, 2008, the plan includes an automatic deferral feature pursuant to which 4% of the employee’s pay will automatically be contributed unless the employee makes an alternative salary deferral election. Employees are also permitted to deposit into the plan rollover contributions, which are distributions received from other plans and certain IRAs. Employees may withdraw the amounts in their rollover account at any time. The participants in the plan may elect to direct the investment of their accounts in several types of investment funds, but if participants do not elect to direct the investment of their account it will be invested in accordance with the default investment alternative established by the plan.

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Under the plan, we have the option to make safe harbor matching contributions equal to 100% of an employee’s salary deferral (including catch-up contributions) that do not exceed 4% of an employee’s compensation. We may also make discretionary matching contributions equal to a uniform percentage of an employee’s salary deferrals. In addition, we may make discretionary profit sharing contributions that are allocated among eligible employees depending on how much compensation an employee receives during the year and the classification to which the employee is assigned. We determine the amount of the profit sharing contribution for each classification and allocate it to the employees’ proportionately based on the employee’s compensation compared to the total compensation of all employees in such classification. To be considered an eligible employee for purposes of receiving profit sharing contributions, the employee must have completed 1,000 hours of service during the calendar year.

Employees are always 100% vested in the amounts in their accounts attributable to salary deferrals (including catch-up contributions), rollover contributions and safe harbor contributions. Employees become vested in amounts attributable to profit sharing contributions in 25% increments, beginning with the completion of two years of service and ending with the completion of five years of service. An employee also becomes 100% vested if employed on or after age 65, or if an employee dies or becomes disabled while employed.

An employee may receive distributions from the plan in the form of a single lump payment or installments over a period of not more than the employee’s assumed life expectancy; however, if the total vested amount in an account is less than $5,000 then it must be paid in a lump sum.

Employee Stock Ownership Plan

We maintain an employee stock ownership plan that is available to our employees, including our executive officers.  Contributions in such amounts as the Board of Directors may annually determine are allocated among eligible employees on the basis of relative compensation subject to limitations set forth in the plan. Participants become 100% vested in allocations to their accounts after six years of service. Contributions, which may be in cash or stock, are invested by the Plan’s trustee in shares of common stock of the Company.

Employment Agreements

We have entered into an employment agreement with John J. Patrick, Jr., our President and Chief Executive Officer. Pursuant to the Agreement, Mr. Patrick will serve as President and Chief Executive Officer of the Company and Farmington Bank until December 31, 2017, subject to one year extensions thereafter upon written notice from the Company to Mr. Patrick. The Agreement provides for an initial base salary of $500,000 per year, subject to possible annual increases. The Agreement also provides that Mr. Patrick will be eligible to earn an annual incentive bonus at the discretion of the Company, as determined in good faith by the Board of Directors or the Compensation Committee. Mr. Patrick will be eligible to participate in all savings and retirement plans, policies and programs as may be made available by Farmington Bank to executive-level employees generally, including our Supplemental Executive Retirement Plan for Senior Executives. In addition, Mr. Patrick will be entitled to participate on the same basis as all other executive officers of Farmington Bank in standard benefit programs, including group health, disability and life insurance programs.

The Agreement also provides that, in the event Mr. Patrick’s employment is terminated for certain events, then, Mr. Patrick is entitled to receive severance in an amount equal to three (3) times his annual base salary in effect on the date of termination, plus the continuation of certain insurance benefits.

Role of the Compensation Committee

The Compensation Committee of the Board of Directors of FCB is responsible for implementing and monitoring the success of our overall compensation program in achieving the goals of our compensation philosophy. The Compensation Committee is responsible for the administration of our compensation programs and policies, including the administration of our cash-based and, if approved by stockholders, equity-based incentive programs. The Compensation Committee reviews and approves all compensation decisions relating to our executive officers. Our Chief Executive Officer has responsibility for approving compensation decisions relating to our other officers and employees with input from other members of management. The Compensation Committee operates under the mandate of a formal charter that establishes a framework for the fulfillment of its responsibilities.

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Role of the Compensation Consultant

We have engaged McLagan, an Aon Hewitt Company (“McLagan”), as our independent compensation consultant to gather compensation data for peer institutions to assist the Compensation Committee in evaluating base salary and incentive compensation levels. See “—Peer Group Analysis” below.

Role of Management

Our Chief Executive Officer and other named executive officers will, from time to time, make recommendations to the Compensation Committee regarding the appropriate mix and level of compensation for their subordinates. Those recommendations consider the objectives of our compensation philosophy and the range of compensation programs authorized by the Compensation Committee.

Peer Group Analysis

We strongly believe that in order to attract, motivate and reward qualified executives in our marketplace, our compensation program must be competitive relative to the companies with whom we compete. During 2014, we engaged McLagan to review our peer group for director compensation and for use of supplemental executive retirement plans as part of total compensation for the Named Executive Officers.

The group of companies being used for comparative and informational purposes represents a mix of other comparably sized, publicly traded banking organizations located in New England, New York (excluding metro New York City) and New Jersey. McLagan also focused on banks with more than 40% commercial loans which were not participating in the Federal government’s Troubled Asset Relief Program. For comparative purposes we also utilize broader based surveys particularly in key technical skills areas.

Our peer group consists of the following institutions:

Washington Trust Bancorp, Inc.

Century Bancorp, Inc.

Kearny Financial Corp.

Lakeland Bancorp, Inc.

Oritani Financial Corp.

SI Financial Group, Inc.

Financial Institutions, Inc.

Northfield Bancorp, Inc.

Meridian Interstate Bancorp, Inc.

The First of Long Island Corporation

Rockville Financial, Inc.

Canandaigua National Corporation

United Financial Bancorp, Inc.

Enterprise Bancorp, Inc.

Center Bancorp, Inc.

Peapack-Gladstone Financial Corporation

Bridge Bancorp, Inc.

Westfield Financial, Inc.

Chemung Financial Corporation

Hingham Institution for Savings

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COMPENSATION COMMITTEE REPORT ON EXECUTIVE COMPENSATION

The Compensation Committee has reviewed and discussed with management the “Compensation Discussion and Analysis” disclosure appearing above in this Proxy Statement. Based on this review and discussion, the Compensation Committee recommended to the Board of Directors of the Company that the Compensation Discussion and Analysis be included in the Company’s Proxy Statement for the fiscal year ended December 31, 2014 for filing with the SEC.

March 23, 2015

The Compensation Committee:

Robert F. Edmunds, Jr., Chairman

David M. Drew

Patience P. (“Duby”) McDowell

Kevin S. Ray

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COMPENSATION OF EXECUTIVE OFFICERS

AND TRANSACTIONS WITH MANAGEMENT

Summary Compensation Table

The following table sets forth certain information with respect to the compensation of our principal executive officer, principal financial officer and three most highly compensated executive officers during 2014. Each individual listed in the table below may be referred to as a named executive officer or executive officer.

Name and Principal Position	Year	Salary		Bonus		Stock Awards (1)		Option Awards (2)		Non-Equity Incentive Plan Compensation		Change in Pension Value and Nonqualified Deferred Compensation Earnings (3)			All Other Compensation (4)		Total
John J. Patrick,	2014	$	500,000		—		—		—	$	330,000	$	497,047		$	110,730	$	1,433,777
Jr.	2013	$	500,000	$	2,352	$	—		—	$	219,648	$	230,219		$	107,480	$	1,059,699
President, CEO	2012	$	500,000	$	80,000	$	2,028,592		1,206,099	$	253,408	$	233,896		$	101,263	$	4,403,258
Gregory A.	2014	$	249,312		—		—		—	$	100,000	$	88,866		$	68,965	$	507,143
White	2013	$	242,050	$	7,823	$	—		—	$	62,177	$	30,163		$	60,432	$	402,645
EVP, CFO	2012	$	235,000	$	30,214	$	971,250		472,471	$	69,786	$	38,697		$	55,395	$	1,872,813
Michael T.
Schweighoffer	2014	$	267,825		—		—		—	$	108,000	$	121,294		$	73,549	$	570,668
EVP, Chief Lending	2013	$	257,500	$	8,855	$	—		—	$	66,145	$	43,030		$	69,293	$	444,823
Officer	2012	$	250,000	$	95,253	$	971,250		472,471	$	24,747	$	54,452		$	63,087	$	1,931,260
Kenneth F.	2014	$	209,080		—		—		—	$	84,000	$	24,408		$	44,697	$	362,185
Burns	2013	$	200,077	$	4,605	$	—		—	$	51,395	$	(18,810	)	$	43,282	$	280,549
EVP, Retail Banking	2012	$	194,250	$	20,315	$	621,600		302,381	$	57,685	$	45,333		$	30,097	$	1,271,661
Catherine M.	2014	$	207,300		—		—		—	$	68,000		—		$	32,817	$	308,117
Burns	2013	$	200,000	$	37,875	$	—		—	$	17,125	$	—		$	31,272	$	286,272
EVP, Chief Risk
Officer

(1)	Represents aggregate grant date fair value of restricted stock awards made pursuant to our 2012 Stock Incentive Plan determined in accordance with FASB ASC Topic 718. Assumptions used in the calculation of these amounts are included in footnote 10 to the Company’s audited financial statements for the fiscal year ended December 31, 2014, included in the Company’s Annual Report on Form 10-K filed with the SEC on or around March 16, 2015.
(2)	Represents aggregate grant date fair value of option awards made pursuant to our 2012 Stock Incentive Plan determined in accordance with FASB ASC Topic 718. Assumptions used in the calculation of these amounts are included in footnote 10 to the Company’s audited financial statements for the fiscal year ended December 31, 2014, included in the Company’s Annual Report on Form 10-K filed with the SEC on or around March 16, 2015.
(3)	Reflects the change in the present value of the life annuity from fiscal year end 2013 to 2014 for both our Defined Benefit Employee Pension Plan and Supplemental Retirement Plan for Executives. Change in Pension Value is as follows:

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Name and Principal Position	Year	Defined Benefit Employee Pension Plan (a)			Supplemental Retirement Plan for Executives (SERP)		Total
John J. Patrick, Jr.	2014	$	—		$	497,047		497,047
President, Chief Executive Officer	2013	$	—		$	230,219	$	230,219
	2012	$	—		$	233,896	$	233,896
Gregory A. White	2014	$	—		$	88,866		88,866
Chief Financial Officer	2013	$	—		$	30,163	$	30,163
	2012	$	—		$	38,697	$	38,697
Michael T. Schweighoffer	2014	$	—		$	121,294		121,294
Executive Vice President, Chief Lending Officer	2013	$	—		$	43,030	$	43,030
	2012	$	—		$	54,452	$	54,452
Kenneth F. Burns	2014	$	24,408		$	—	$	24,408
Executive Vice President, Retail Banking	2013	$	(18,810	)	$	—	$	(18,810	)
	2012	$	45,333		$	—	$	45,333
Catherine M. Burns	2014	$	—			—		—
Executive Vice President, Chief Risk Officer	2013	$	—		$	—		—

(a)	Messrs. Patrick, White, and Schweighoffer and Ms. Burns are not eligible to participate in the Defined Benefit Employee Pension Plan as the plan was frozen to new employees hired after January 1, 2007.
(4)	All Other Compensation includes the following:

Name	401(k) ($)		Employee Stock Ownership Plan ($)		Bank Owned Life Insurance ($)		Group Term Life Insurance ($)		Car Allowance ($)		Executive Life Insurance ($)		Long Term Disability ($)		Club Dues ($)		Dividends On Unvested Restricted Stock ($)		Medical Credit ($)		Total ($)
John J. Patrick, Jr.		10,400		17,435		—		774		14,441		46,965		8,024		10,211		14,411		400		110,730
Gregory A. White		10,400		17,435		—		414		5,000		15,725		793		11,898		6,900		400		68,965
Michael T. Schweighoffer		10,400		17,435		—		414		12,000		15,887		843		9,670		6,900		—		73,549
Kenneth F. Burns		10,400		17,435		122		744		—		—		655		10,925		4,416		—		44,697
Catherine M. Burns		10,400		17,435		59		398		—		—		629		—		3,496		400		32,817

Grants of Plan-Based Awards

The Company did not make any grants of plan-based awards to any Named Executive Officer in 2014.

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Option Exercises and Stock Vested

The following table provides information on all exercises of options and stock vested for the Named Executive Officers during the Company’s 2014 fiscal year.

	Option Awards				Stock Awards
	Number of Shares		Value		Number of Shares		Value
	Acquired		Realized		Acquired		Realized
	on Exercise		on Exercise		On Vesting		on Vesting
Name	(#)		($)		(#)		($)(a)
John J. Patrick, Jr.		—		—		31,330		471,830
Gregory A. White		—		—		15,000		225,900
Michael T. Schweighoffer		—		—		15,000		225,900
Kenneth F. Burns		—		—		9,600		144,576
Catherine M. Burns		—		—		7,600		114,456

(a) The amounts shown are calculated based on the closing market price of the Company’s common stock on the date of vesting multiplied by the number of shares acquired on vesting.

Outstanding Equity Awards at Fiscal Year-End

The following table provides information on all outstanding equity awards held by each of the Named Executive Officers as of December 31, 2014.

Name	Grant Date	Number of securities underlying unexercised options. Exercisable options (#)		Number of securities underlying Unexercised options Unexercisable (#)		Options Exercise Price ($)		Option Expiration Date		Number of shares or units of stock that have not yet vested (#)		Market value of shares or units of stock that have not vested ($)
John J. Patrick, Jr.	9/5/2012		206,772		137,849		12.95		9/5/2022		62,660	$	1,022,611
Michael T. Schweighoffer	9/5/2012		81,000		54,000		12.95		9/5/2022		30,000	$	489,600
Gregory A. White	9/5/2012		81,000		54,000		12.95		9/5/2022		30,000	$	489,600
Kenneth F. Burns	9/5/2012		51,840		34,560		12.95		9/5/2022		19,200	$	313,344
Catherine M. Burns	9/5/2012		41,040		27,360		12.95		9/5/2022		15,200	$	248,064

Pension Benefits

The following table provides information regarding the retirement benefits for the named executive officers under our tax-qualified defined benefit and supplemental executive retirement plans, namely the Supplemental Retirement Plan for Executives for Messrs. Patrick, White and Schweighoffer, and the Defined Benefit Pension Plan for Mr. Burns. Ms. Burns was not a participant in any of our qualified or non-qualified defined benefit or supplemental executive retirement pension plans.

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Name	Number of Years Credited Service		Present Value of Accumulated Benefit		Payments During Last Fiscal Year
John J. Patrick, Jr.	7		$	1,199,041		—
Gregory A. White	6		$	187,038		—
Michael T. Schweighoffer	6		$	261,155		—
Kenneth F. Burns	8	(a)	$	148,245		—
Catherine M. Burns	—			—		—

(a) Plan is frozen with no more credited service.

Potential Payments Upon Termination or Change-In-Control

There are currently no Employment Agreements or Change in Control Agreements in place with our named executive officers, other than Mr. Patrick. Each named executive officer is entitled to receive earned and unpaid compensation upon the retirement, death, disability or termination of the executive officer.

On April 24, 2012, the Company entered into an employment agreement with Mr. Patrick. The agreement was amended on February 28, 2013. Under the agreement, in the event Mr. Patrick’s employment is terminated without “Cause” or for “Good Reason,” he is entitled to receive severance in an amount equal to three times his annual base salary in effect on the date of termination, payable at regular payroll intervals over a 36-month period plus the continuation of certain insurance benefits.

Under the agreement, “Cause” is defined as: (i) conviction of a felony; (ii) act of fraud, embezzlement or theft in connection with Mr. Patrick’s duties or in the course of his employment; (iii) conviction of a crime described in section 19 of the Federal Deposit Insurance Act; (iv) intentional or grossly negligent act which causes material damage to the Company; (v) willful or grossly negligent violation of any law, rule, regulation or final administrative action that causes material harm to the Company or its assets; (vi) intentional or grossly negligent breach of fiduciary duty; (vii) willful or intentional failure to discharge any material obligations or duties; or (viii) material violation of the confidentiality provisions of the employment agreement.

“Good Reason” is defined as Mr. Patrick’s resignation within six (6) months after the occurrence of: (i) a diminution in base salary; (ii) a material diminution in authority, duties, or responsibilities; (iii) relocation to a location more than thirty-five (35) miles from his current principal place of work; (iv) failure to be appointed or elected or reappointed or reelected as a member of the Board of Directors; or (v) a material breach by the Company or Farmington Bank of the employment agreement.

In addition to the above, our Supplemental Retirement Plan for Senior Executives has provisions addressing termination and change in control as set forth below. Furthermore, executives who are involuntarily terminated other than for cause or terminated due to disability, retirement, or death will receive a prorated benefit, based on the termination date under our Annual Incentive Plan.

Supplemental Retirement Plan for Executives

We implemented a Supplemental Retirement Plan effective January 1, 2009 for certain executive officers. Currently, Messrs. Patrick, White and Schweighoffer are the only participants in the plan. The plan provides that each executive will receive supplemental benefits, to the extent vested, commencing 45 days following separation from service. As of December 31, 2014, Messrs. White and Schweighoffer were 60% vested in their plan benefits and Mr. Patrick was 70% vested in his plan benefit. Messrs. Patrick, White and Schweighoffer become 100% vested in their supplemental benefits after 10 years of service. Each participant’s supplemental benefit equals a percentage of the participant’s final average compensation (as set forth in each executive’s participation agreement), multiplied by a fraction, the numerator of which is the executive’s years of employment with Farmington Bank and the denominator of which is set forth in the executive’s participation agreement. Final average compensation is defined in the plan as the three-year average of the highest base salary and bonus paid to each executive during the last five years of each executive’s employment with Farmington Bank. Supplemental benefits are distributed as of the executive’s normal benefit date and are payable in a lump sum, unless a participant has elected, at the time of execution of his participation agreement, to receive an annuity or other form of benefit.

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If an executive is less than age 62 at the time of commencement of his supplemental benefit, his benefit will be further reduced by 6% per year for each year before age 62 that the benefit payment commences. Under our Supplemental Retirement Plan for Executives, if Messrs. Patrick, White or Schweighoffer were terminated for cause or voluntarily terminated their employment, they would forfeit all benefits in the event of termination for cause and if they elect to voluntarily terminate their employment, the executives would be entitled to a supplemental benefit calculated in the manner set forth above, and if applicable, multiplied by the executive’s vesting rate set forth in his participation agreement.

If Messrs. Patrick, White or Schweighoffer were to die before attaining their benefit age but while employed by us, their respective beneficiary would be entitled to a death benefit equal to the present value of the accrued annuity benefit as of the date of death, without any pre-retirement reductions, payable in a lump sum. In the event Messrs. Patrick, White or Schweighoffer were to become disabled they would be entitled to a supplemental benefit, determined in the manner set forth herein. The supplemental benefit shall be determined as an annuity benefit, at benefit age, with payments equal to the yearly benefit amount calculated as if: (i) the executive had completed years of employment between disability and benefit age, and (ii) the executive’s final average compensation had increased three percent (3%) per year for each calendar year until benefit age. The supplemental benefits are distributed as of the executive’s normal benefit date and are payable in a lump sum, unless a participant has elected, at the time of execution of his participation agreement, to receive an annuity or other form of benefit.

Under the Supplemental Retirement Plan, if a change in control occurs and within a two year period thereafter, the executive has an involuntary separation from service without cause or a separation from service for good reason, the executive will be entitled to a supplemental benefit calculated as if the executive had completed the years of employment between separation of service and benefit age and his final average compensation had increased 3% per year until his benefit age. The supplemental benefits are distributed as of the executive’s normal benefit date and are payable in a lump sum, unless a participant has elected, at the time of execution of his participation agreement, to receive an annuity or other form of benefit.

The following tables describe the potential payments based upon a hypothetical termination or a change in control on December 31, 2014 for Messrs. Patrick, White, Schweighoffer and Burns and Catherine M. Burns:

John J. Patrick, Jr.	Voluntary termination		Involuntary Termination other than for cause		Termination within 2 years after Change in Control		Retirement		Disability		Death
Salary (1)	$	0		1,500,000		1,500,000		0		0		0
Restricted Stock unvested and accelerated	$	0		0		1,022,611		1,022,611		1,022,611		1,022,611
Stock Options unvested and accelerated	$	0		0		464,551		464,551		464,551		464,551
Supplementary Retirement Plan	$	1,199,041		1,199,041		6,568,760		1,199,041		4,695,774		1,677,299
Annual Incentive Plan	$	0		250,000		250,000		250,000		250,000		250,000
Benefits and Perquisites (2)	$	0		207,545		207,545		0		0		0
Total	$	1,199,041		3,156,586		10,013,468		2,936,203		6,432,936		3,414,461

(1)	Pursuant to the terms of Mr. Patrick’s employment agreement with the Company for 3 years of salary to be paid out in connection with an involuntary termination or in connection with a change in control.
(2)	Pursuant to the terms of Mr. Patrick’s employment agreement with the Company, the Company will provide medical, life and disability benefits plus a tax-gross up and group term life benefits for a period of three years in connection with an involuntary termination or in connection with a change in control.

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Gregory A. White	Voluntary termination		Involuntary Termination other than for cause		Termination within 2 years after Change in Control		Retirement		Disability		Death
Restricted Stock unvested and accelerated	$	0		0		489,600		489,600		489,600		489,600
Stock Options unvested and accelerated	$	0		0		181,980		181,980		181,980		181,980
Supplementary Retirement Plan	$	187,038		187,038		2,767,627		187,038		1,581,784		327,258
Annual Incentive Plan	$	0		74,794		74,794		74,794		74,794		74,794
Total	$	187,038		261,832		3,514,001		933,412		2,328,158		1,073,632

Michael T. Schweighoffer	Voluntary termination		Involuntary Termination other than for cause		Termination within 2 years after Change in Control		Retirement		Disability		Death
Restricted Stock unvested and accelerated	$	0		0		489,600		489,600		489,600		489,600
Stock Options unvested and accelerated	$	0		0		181,980		181,980		181,980		181,980
Supplementary Retirement Plan	$	261,155		261,155		2,792,122		261,155		1,719,368		424,097
Annual Incentive Plan	$	0		80,348		80,348		80,348		80,348		80,348
Total	$	261,155		341,503		3,544,050		1,013,083		2,471,296		1,176,025

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Kenneth F. Burns	Voluntary termination		Involuntary Termination other than for cause		Termination within 2 years after Change in Control		Retirement		Disability		Death
Restricted Stock unvested and accelerated	$	0		0		313,344		313,344		313,344		313,344
Stock Options unvested and accelerated	$	0		0		116,467		116,467		116,467		116,467
Annual Incentive Plan	$	0		62,724		62,724		62,724		62,724		62,724
Total	$	0		62,724		492,535		492,535		492,535		492,535
Catherine M. Burns	Voluntary termination		Involuntary Termination other than for cause		Termination within 2 years after Change in Control		Retirement		Disability		Death
Restricted Stock unvested and accelerated	$	0		0		248,064		248,064		248,064		248,064
Stock Options unvested and accelerated	$	0		0		92,203		92,203		92,203		92,203
Annual Incentive Plan	$	0		62,190		62,190		62,190		62,190		62,190
Total	$	0		62,190		402,457		402,457		402,457		402,457

Director Compensation

Each non-employee director receives an annual retainer of $17,500; $1,000 for each board meeting and $800 for each committee meeting that the director attends. We paid fees totaling $415,450 to non-employee directors during the fiscal year ended December 31, 2014. Directors are not paid separately for their services on the Board of Directors of both FCB and Farmington Bank. No options to purchase shares of the Company’s common stock or shares of restricted stock were awarded in 2014 under our 2012 Stock Incentive Plan, except that we granted options to purchase 10,000 shares of the Company’s common stock to each of Patience P. (“Duby”) McDowell and James T. Healey, Jr. at the closing price for such Common Stock at the end of trading on September 22, 2014.

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The following table details the compensation paid to each of our non-management directors in 2014.

Name	Fees earned or paid in cash		Stock Awards		Option Awards		Non Equity Incentive Plan Compensation		Change in Pension Value and Nonqualified Deferred Compensation Earnings		2014 Total
Ronald A. Bucchi	$	60,550		—		—		—	$	36,816	$	97,366
John J. Carson	$	63,150		—		—		—	$	2,707	$	65,857
David M. Drew	$	63,950		—		—		—	$	73,556	$	137,506
Robert F. Edmunds, Jr.	$	62,350		—		—		—	$	73,243	$	135,593
James T. Healey, Jr.	$	20,775		—	$	35,092		—		—	$	55,867
Patience P. (“Duby”) McDowell	$	20,775		—	$	35,092		—		—	$	55,867
Kevin S. Ray	$	64,750		—		—		—	$	59,107	$	123,857
Michael A. Ziebka	$	59,150		—		—		—	$	17,341	$	76,491

Indemnification of Directors and Officers

FCB’s bylaws provide that FCB shall indemnify all officers, directors, employees and agents of FCB to the fullest extent permitted under Maryland and federal law. Such indemnification may include the advancement of funds to pay for or reimburse reasonable expenses incurred by an indemnified party to the fullest extent permitted under Maryland and federal law. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of FCB, pursuant to its bylaws or otherwise, FCB has been advised that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable.

Compensation Committee Interlocks and Insider Participation

During 2014, no member of the Compensation Committee was a current or former officer or employee of the Company. None of our executive officers served as a member of the compensation committee (or board of directors serving the compensation function) or director of another entity where such entity’s executive officers served on our Compensation Committee or Board of Directors.

Certain Relationships and Related Transactions

Federal law and regulation generally require that all loans or extensions of credit to a director or an executive officer must be made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with the general public and must not involve more than the normal risk of repayment or present other unfavorable features. However, regulations also permit a director or an executive officer to receive the same terms through benefit or compensation plans that are widely available to other employees, as long as the director or executive officer is not given preferential treatment compared to the other participating employees.

Our directors, executive officers and employees and the directors, executive officers and employees of our subsidiaries are permitted to borrow from Farmington Bank in accordance with the requirements of federal and state law. All loans made by Farmington Bank to directors and executive officers or their related interests have been made in the ordinary course of business and on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with persons not related to the lender, and did not involve more than the normal risk of collectability or present other unfavorable features. At December 31, 2014 we had loans with an aggregate balance of $939,345 outstanding to our executive officers, directors and related parties of our executive officers and directors.

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It is the policy of the Company, that any transaction involving insiders (directors or executive officers) must be conducted at arm’s length and that any consideration paid or received by the Company in connection with such a transaction shall be on terms no less favorable than terms available to an unaffiliated third party under the same or similar circumstances. Any transaction (or series of transactions) between the Company and a Company director, executive officer or immediate family member must be pre-approved by the Board of Directors (without the interested director present). This Policy is in writing and contained in the Company’s Code Of Conduct and Ethics Policy. In reviewing and evaluating potential conflicts of interest and related party transactions, the Board of Directors uses applicable NASDAQ listing standards and SEC rules as a guide, including the impact of a transaction on the independence of any director. The Board of Directors may approve a related-party transaction where it determines that the related party’s independence will not be impaired, the terms are no less favorable than terms available from an unaffiliated third party under the same or similar circumstances, and that the transactions are in the Company’s best interests.  In determining the independence of its directors, the Board of Directors considered transactions between the Company and a director that are not required to be disclosed in this proxy statement.

PROPOSAL NO. 2

ADVISORY (NON-BINDING) VOTE ON EXECUTIVE COMPENSATION

As required by Section 14A(a)(2) of the Securities Exchange Act of 1940, FCB’s Board of Directors is providing stockholders with the opportunity to cast an advisory vote on its executive compensation at the Meeting through the following resolution:

“RESOLVED, that the stockholders approve the Company’s executive compensation, as described in the Compensation Discussion and Analysis and the tabular disclosure regarding named executive officer compensation (together with the accompanying narrative disclosure) in this Proxy Statement.”

We believe that our compensation policies and procedures, which are described more fully in the “Compensation Discussion and Analysis” section of this Proxy Statement and in the tables and narrative in the “Executive Compensation” section, are strongly aligned with the long-term interests of stockholders. These policies and procedures balance short-term and longer-term compensation opportunities to ensure that the Company meets short-term objectives while continuing to produce value for our stockholders over the long term. These policies and programs are also designed to attract and retain highly-talented executives who are critical to the successful implementation of the Company’s long-term strategic business plan.

Approval of this proposal will require the affirmative vote of a majority of our common stock represented in person or by proxy at the Meeting. This vote will not be binding on or overrule any decisions by the Board of Directors, will not create or imply any additional fiduciary duty on the part of the Board of Directors, and will not restrict or limit the ability of our stockholders to make proposals for inclusion in proxy materials related to executive compensation. The Compensation Committee and the Board of Directors will, however, take into account the outcome of the vote when considering future executive compensation arrangements.

The Board of Directors recommends a vote “FOR” approval of the Company’s executive compensation, as described in the Compensation Discussion and Analysis, and the tabular disclosure regarding named executive officer compensation (together with accompanying narrative disclosure) in this Proxy Statement.

AUDIT COMMITTEE REPORT

Management is responsible for the Company’s internal controls and financial reporting process. The independent accountants are responsible for performing an audit of the Company’s consolidated financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States) and to issue a report thereon. The Audit Committee’s responsibility is to monitor and oversee these processes.

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The Audit Committee’s responsibilities focus on two primary areas: (1) the adequacy of the Company’s internal controls and financial reporting process and the reliability of the Company’s financial statements; and (2) the independence and performance of the Company’s internal auditors and independent auditors. The Audit Committee meets at least quarterly to, as appropriate, review, evaluate and discuss with the Company’s management and internal and external auditors the scope of their audit plans, the results of their work, the Company’s financial statements (including, in the future, quarterly earnings releases), quarterly reports issued by the Company’s internal audit firm, the adequacy and effectiveness of the Company’s internal controls and changes in accounting principles. The Audit Committee regularly meets privately with both the internal and external auditors, each of whom has unrestricted access to the Audit Committee.

In connection with these responsibilities, the Audit Committee reviewed and discussed the Company’s audited financial statements for the fiscal year ended December 31, 2014 with management and the Company’s independent registered public accounting firm, PricewaterhouseCoopers LLP. The Audit Committee also discussed with PricewaterhouseCoopers LLP the matters required by Statement on Auditing Standards No. 61. The Audit Committee received from PricewaterhouseCoopers LLP written disclosures regarding the firm’s independence as required by Independence Standards Board Standard No. 1, wherein PricewaterhouseCoopers LLP confirms their independence within the meaning of the SEC and Independence Standards Board Rules and disclosed the fees charged for professional services in the fiscal year ended December 31, 2014. The Audit Committee discussed this information with PricewaterhouseCoopers LLP and also considered the compatibility of non-audit services provided by PricewaterhouseCoopers LLP with maintaining its independence. The Audit Committee also reviewed PricewaterhouseCoopers LLP’s proposal to act as the Company’s independent registered public accountant for the year ending December 31, 2014.

Based on the review of the audited financial statements and these various discussions, the Audit Committee recommended to the Board of Directors that the audited financial statements be included in the Company’s Annual Report on Form 10-K, to be filed with the SEC.

March 12, 2015

The Audit Committee:

Ronald A. Bucchi, Chairman

John J. Carson

James T. Healey, Jr.

Michael A. Ziebka

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PROPOSAL NO. 3

RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM

The Audit Committee has the sole authority to select, evaluate and when appropriate, to replace the Company’s independent auditors. The Audit Committee has appointed PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the 2015 fiscal year. Although action by our stockholders in this matter is not required, the Audit Committee believes it is appropriate to seek stockholder ratification in light of the critical role played by the independent auditors in maintaining the integrity of Company financial controls and reporting and hereby requests the stockholders to ratify such appointment. Representatives of PricewaterhouseCoopers LLP will be present at the Meeting and will have an opportunity to make a statement if they so desire and to respond to appropriate questions from stockholders.

The Board of Directors recommends a vote “FOR” the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm.

Independent Accountant Fees and Services.

Aggregate fees for professional services rendered for the Company by PricewaterhouseCoopers LLP as of or for the fiscal years ended December 31, 2014 and 2013 are set forth below.

	2014		2013
Audit Fees	$	691,800	$	627,000
Audit-Related Fees	$	30,000	$	30,000
Tax Fees	$	46,100	$	21,000
All Other Fees	$	0	$	0

Audit Fees for the fiscal years ended December 31, 2014 and 2013 include fees for professional services rendered for the audits of the financial statements of the Company, quarterly review of the financial statements included in the Company’s Quarterly Reports on Form 10-Q, consents, compliance with Section 404 of the Sarbanes-Oxley Act and other assistance required to complete the year end audit of the consolidated financial statements.

Audit-Related Fees for the fiscal years ended December 31, 2014 and 2013 were for professional services rendered for the audits of and compliance with certain HUD programs issued by the U.S. Department of Housing and Urban Development.

Tax Fees for fiscal year ended December 31, 2014 and 2013 were for services rendered for preparation of the annual tax returns and quarterly tax payments.

The Audit Committee has determined that the provision of the above services is compatible with maintaining PricewaterhouseCoopers LLP’s independence.

Policy on Audit Committee Pre-Approval. The Audit Committee pre-approves all audit and non-audit services provided by the independent accountants prior to the engagement of the independent accountants with respect to such services. None of the services described above were approved by the Audit Committee under the de minimus exception provided by Rule 2-01(C)(7)(i)(c) under Regulation S-X.

OTHER BUSINESS OF THE MEETING

The Board of Directors is not aware of any matters to come before the Meeting other than those stated in this Proxy Statement. In the event that other matters properly come before the Meeting or any adjournment thereof, it is intended that the persons named in the accompanying proxy and acting thereunder will vote in accordance with their best judgment.

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ANNUAL REPORT AND FORM 10-K

The 2014 Annual Report of the Company was mailed to stockholders with this Proxy Statement. Upon request, the Company will furnish without charge a copy of the Annual Report on Form 10-K for the fiscal year ended December 31, 2014, including financial statements, but without exhibits, a copy of which has been filed with the SEC. It may be obtained by writing to Investor Relations Officer, First Connecticut Bancorp, Inc., One Farm Glen Boulevard, Farmington, Connecticut 06032.

STOCKHOLDER PROPOSALS FOR 2016

FCB’s next annual meeting is scheduled to be held on Wednesday, May 18, 2016. A stockholder who wants to have a qualified proposal considered for inclusion in the Proxy Statement for the Company’s 2016 annual meeting of stockholders must notify the Secretary of FCB not later than December 10, 2015. Stockholder proposals that are to be considered at the 2016 annual meeting but not requested to be included in the Proxy Statement must be submitted no later than April 18, 2016 and no earlier than March 18, 2016.

PROXY STATEMENT

Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to be held on May 20, 2015. The proxy statement, the 2014 Annual Report to Stockholders and the form of proxy are available at www.edocumentview.com/FBNK.

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Revocable Proxy
First Connecticut Bancorp, Inc.

THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS FOR THE 2015 ANNUAL MEETING OF THE STOCKHOLDERS TO BE HELD ON WEDNESDAY, MAY 20, 2015
The undersigned, revoking all prior proxies, do hereby constitute and appoint Ronald A. Bucchi and John J. Carson or any of them, my true and lawful attorney with full power of substitution as proxy, to represent and vote at the Annual Meeting of Stockholders of the Company to be held on Wednesday, May 20, 2015, at 10:00 a.m., at Central Connecticut State University, Memorial Hall-Constitution Room, 1615 Stanley Street, New Britain, Connecticut 06050 and at any adjournment or adjournments thereof and/or to vote at any subsequent balloting on any matter considered at the aforementioned meeting, as fully and with the same effect as if I might or could do were I personally present, with full power of substitution and revocation, hereby ratifying and confirming all that my appointees or their substitutes shall lawfully do or cause to be done by virtue hereof; and I hereby revoke any proxy or proxies heretofore given by me to any person or persons whatsoever for the above purposes.
	Please be sure to date and sign this proxy card in the box below.	Date
	Sign above	Co-holder (if any) sign above
	IMPORTANT: Please sign this proxy exactly as your name or names appear on your share certificates. If shares are held by more than one owner, each owner must sign. Executors, administrators, trustees, guardians and others signing in a representative capacity should give their full titles.

		For	Withhold	For All
1.	ELECTION OF			Except
	DIRECTORS:	o	o	o
	(1) James T. Healey, Jr.
	(2) John J. Patrick, Jr.
	INSTRUCTION: To withhold authority to vote for any individual nominee, mark “For All Except” and write that nominee’s name in the space provided below.
		For	Against	Abstain
2.	The approval of an advisory (non-binding) proposal on the Company’s executive compensation;	o	o	o
3.	To ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the Company	For	Against	Abstain
		o	o	o
4.	In their discretion, the Proxies are authorized to vote upon such other business as may properly come before the Meeting.
THIS PROXY WILL BE VOTED AS DIRECTED, OR IF NO DIRECTION IS INDICATED, IT SHALL BE VOTED FOR PROPOSALS 1, 2 and 3.
PLEASE CHECK BOX IF YOU PLAN ON ATTENDING THE ANNUAL MEETING OF STOCKHOLDERS ON WEDNESDAY, MAY 2015. o
Please indicate above whether you plan to attend the Annual Meeting of Shareholders on Wednesday, May 20, 2015.

	Detach above card, sign, date and mail in postage paid envelope provided.
	First Connecticut Bancorp, Inc.
please act promptly please complete, date, sign, and mail this proxy card promptly in the enclosed postage-paid envelope.

PLEASE CHECK BOX IF YOU HAVE A CHANGE IN ADDRESS. o

If your address has changed, please correct the address in the space provided below and return this portion with the proxy in the envelope provided.
	proxy materials are
	available on-line at:
	http:// www.edocumentview.com/FBNK

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To:	Participants in the Farmington Bank 401K Profit Sharing Plan (the “401K Plan”)
Re:	Instructions for voting shares of First Connecticut Bancorp, Inc.

As described in the enclosed materials, proxies are being solicited in connection with the proposals to be considered at the upcoming Annual Meeting of Stockholders of First Connecticut Bancorp, Inc. We hope you will take advantage of the opportunity to direct the manner in which shares of common stock of First Connecticut Bancorp, Inc. held in your account in the Farmington Bank 401K Plan will be voted.

Enclosed with this letter is the Proxy Statement, which describes the matters to be voted upon. After you have reviewed the Proxy Statement, we urge you to vote your shares held in the 401K Plan by marking, dating, signing and returning the enclosed (GREEN) proxy card. Computershare will tabulate the votes for the purpose of having those shares voted by Delaware Charter Guarantee & Trust Company d/b/a Principal Trust Company, the Trustee for the 401K Plan.

If your proxy card is not received, your shares in your 401K Plan account will generally not be voted.

Please note that the enclosed proxy card relates only to those shares which are in your account in the 401K Plan. If you also own shares of First Connecticut Bancorp common stock outside of the 401K Plan, you should receive other voting material (including a separate proxy card) for those shares owned by you individually. Please return all your proxy cards so that all your shares may be voted.

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401K PROFIT SHARING PLAN
VOTING INSTRUCTION BALLOT

First Connecticut Bancorp, Inc.

THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS FOR THE 2015 ANNUAL MEETING OF THE STOCKHOLDERS TO BE HELD ON WEDNESDAY, MAY 20, 2015
The undersigned hereby instructs the First Bankers Trust Services, Inc. and Delaware Charter Guarantee & Trust Company d/b/a Principal Trust Company, the Trustees of the 401K Profit Sharing Plan (the “401K Plan”) of Farmington Bank to vote, as designated below, all the shares of common stock of First Connecticut Bancorp, Inc. allocated to the undersigned’s 401K Plan account as of March 25, 2015 at the Annual Meeting of Stockholders to be held on Wednesday, May 20, 2015, at 10:00 a.m., at Central Connecticut State University, Memorial Hall- Constitution Room, 1615 Stanley Street, New Britain, Connecticut 06050 and at any adjournment or adjournments thereof and/or to vote at any subsequent balloting on any matter considered at the aforementioned meeting, as fully and with the same effect as if the undersigned might or could do were I personally present, with full power of substitution and revocation, hereby ratifying and confirming all that my appointees or their substitutes shall lawfully do or cause to be done by virtue hereof; and I hereby revoke any proxy or proxies heretofore given by me to any person or persons whatsoever for the above purposes.
	Please be sure to date and sign this proxy card in the box below.		Date
	Sign above	Co-holder (if any) sign above
	IMPORTANT: Please sign this proxy exactly as your name or names appear on your share certificates. If shares are held by more than one owner, each owner must sign. Executors, administrators, trustees, guardians and others signing in a representative capacity should give their full titles.

		For	Withhold	For All
1.	ELECTION OF			Except
	DIRECTORS:	☐	☐	☐
	(1) James T. Healey, Jr.
	(2) John J. Patrick, Jr.
	INSTRUCTION: To withhold authority to vote for any individual nominee, mark “For All Except” and write that nominee’s name in the space provided below.
		For	Against	Abstain
2.	The approval of an advisory (non-binding) proposal on the Company’s executive compensation.	☐	☐	☐
3.	To ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the Company.	For	Against	Abstain
		☐	☐	☐
4.	In their discretion, the Proxies are authorized to vote upon such other business as may properly come before the Meeting.
THIS PROXY WILL BE VOTED AS DIRECTED, OR IF NO DIRECTION IS INDICATED, IT SHALL BE VOTED FOR PROPOSALS 1, 2 and 3.
PLEASE CHECK BOX IF YOU PLAN ON ATTENDING THE ANNUAL MEETING OF STOCKHOLDERS ON WEDNESDAY, MAY 2015. ☐
Please indicate above whether you plan to attend the Annual Meeting of Stockholders on Wednesday, May 20, 2015.

	Detach above card, sign, date and mail in postage paid envelope provided.
	First Connecticut Bancorp, Inc.
please act promptly please complete, date, sign, and mail this proxy card promptly in the enclosed postage-paid envelope.

PLEASE CHECK BOX IF YOU HAVE A CHANGE IN ADDRESS. ☐

If your address has changed, please correct the address in the space provided below and return this portion with the proxy in the envelope provided.
	proxy materials are
	available on-line at:
	http:// www.edocumentview.com/FBNK

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To:	Participants in the Farmington Bank Employee Stock Ownership Plan (the “ESOP Plan”)
Re:	Instructions for voting shares of First Connecticut Bancorp, Inc.

As described in the enclosed materials, proxies are being solicited in connection with the proposals to be considered at the upcoming Annual Meeting of Stockholders of First Connecticut Bancorp, Inc. We hope you will take advantage of the opportunity to direct the manner in which shares of common stock of First Connecticut Bancorp, Inc. held in your account in the Farmington Bank ESOP Plan will be voted.

Enclosed with this letter is the Proxy Statement, which describes the matters to be voted upon. After you have reviewed the Proxy Statement, we urge you to vote your shares held in the ESOP Plan by marking, dating, signing and returning the enclosed (BLUE) proxy card. Computershare will tabulate the votes for the purpose of having those shares voted by First Bankers Trust Services, Inc., the Trustee for the ESOP Plan.

If your proxy card is not received, your shares in your ESOP Plan account will generally not be voted.

Please note that the enclosed material relates only to those shares which are in your ESOP Plan account. If you also own shares of First Connecticut Bancorp common stock outside of the ESOP Plan, you should receive other voting material (including a separate proxy card) for those shares owned by you individually. Please return all your proxy cards so that all your shares may be voted.

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ESOP – Revocable
Proxy
First Connecticut Bancorp, Inc.

THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS FOR THE 2015 ANNUAL MEETING OF THE STOCKHOLDERS TO BE HELD ON WEDNESDAY, MAY 20, 2015
The undersigned understands that First Bankers Trust Services (the “ESOP Trustee”) is the holder of records and custodian of all shares allocated to the undersigned of First Connecticut Bancorp, Inc. common stock under the Farmington Bank Employee Stock Ownership Plan (the “ESOP”). Accordingly, the undersigned, revoking all prior proxies, do hereby constitute and appoint the ESOP Trustee, my true and lawful attorney with full power of substitution as proxy, to represent and vote at the Annual Meeting of Stockholders of the Company to be held on Wednesday, May 20, 2015, at 10:00 a.m., at Central Connecticut State University, Memorial Hall- Constitution Room, 1615 Stanley Street, New Britain, Connecticut 06050 and at any adjournment or adjournments thereof and/or to vote at any subsequent balloting on any matter considered at the aforementioned meeting, as fully and with the same effect as if I might or could do were I personally present, with full power of substitution and revocation, hereby ratifying and confirming all that my appointees or their substitutes shall lawfully do or cause to be done by virtue hereof; and I hereby revoke any proxy or proxies heretofore given by me to any person or persons whatsoever for the above purposes.
	Please be sure to date and sign this proxy card in the box below.		Date
	Sign above	Co-holder (if any) sign above
	IMPORTANT: Please sign this proxy exactly as your name or names appear on your share certificates. If shares are held by more than one owner, each owner must sign. Executors, administrators, trustees, guardians and others signing in a representative capacity should give their full titles.

		For	Withhold	For All
1.	ELECTION OF			Except
	DIRECTORS:	o	o	o
	(1) James T. Healey, Jr.
	(2) John J. Patrick, Jr.
	INSTRUCTION: To withhold authority to vote for any individual nominee, mark “For All Except” and write that nominee’s name in the space provided below.
		For	Against	Abstain
2.	The approval of an advisory (non-binding) proposal on the Company’s executive compensation;	o	o	o
3.	To ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the Company	For	Against	Abstain
		o	o	o
4.	In their discretion, the Proxies are authorized to vote upon such other business as may properly come before the Meeting.
THIS PROXY WILL BE VOTED AS DIRECTED, OR IF NO DIRECTION IS INDICATED, THE ESOP TRUSTEE WILL VOTE YOUR SHARES HELD IN THE ESOP IN THE SAME PROPORTION AS VOTES RECEIVED FROM OTHER PARTICIPANTS IN THE ESOP.
PLEASE CHECK BOX IF YOU PLAN ON ATTENDING THE ANNUAL MEETING OF STOCKHOLDERS ON WEDNESDAY, MAY 2015. o
Please indicate above whether you plan to attend the Annual Meeting of Shareholders on Wednesday, May 20, 2015.

	Detach above card, sign, date and mail in postage paid envelope provided.
	First Connecticut Bancorp, Inc.
please act promptly please complete, date, sign, and mail this proxy card promptly in the enclosed postage-paid envelope.

If your address has changed, please correct the address in the space provided below and return this portion with the proxy in the envelope provided.
	proxy materials are
	available on-line at:

www.edocumentview.com/FBNK

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