Mauro Romita, President of Castle Oil, Elected to the Board of Directors of Community Mutual Savings Bank

Mauro Romita

WHITE PLAINS – CMS Bancorp., Inc. (Nasdaq:CMSB), the parent company of Community Mutual Savings Bank, has announced that Mauro C. Romita, President and Chief Operating Officer of Castle Oil Corporation, has been elected to the CMS Bancorp’s and Bank’s Board of Directors.

Castle Oil Corporation, which was founded in 1928 by Mr. Romita’s father, is the largest independent owner-operator of petroleum terminals and distributor of fuel oil in the New York metropolitan area. Mr. Romita oversees all domestic and international areas of the Harrison-based company and its subsidiaries, including product supply and marketing, sales, terminals, trucking operations, service and administrative functions. Mr. Romita, who joined Castle Oil in 1968 after practicing law in New York City, is a graduate of Iona College and holds a law degree from New York Law School.

Mr. Romita is actively involved in many educational and charitable organizations. He currently serves as Chairman of the Board of Governors of Sound Shore Medical Center; Trustee of the Inner-City Scholarship Fund; Chairman of Boys’ Towns of Italy, Inc.; Trustee of St. Joseph’s Seminary; and a member of the American Association of the Sovereign Military Order of Malta, and a Knight of the Order of St. Gregory the Great. He is a former trustee and chairman of The College of New Rochelle and the Calvary Fund.

Throughout his distinguished career, Mr. Romita has received awards and accolades including the Community Service Award from the Westchester Chapter of the American Committee on Italian Migration; Honorary Citizen from Boys’ Towns of Italy (Rome); Man of the Year Award from the Westchester Chapter of the Cooley’s Anemia Foundation; Medal of Honor from the Ellis Island Foundation; Cardinal’s Award of the Westchester Division of the Cardinal’s Committee of the Laity; Bronx Means Business Award from the South Bronx Overall Development Corporation; Outstanding Service Award from the  Italian Apostolate of the Archdiocese of New York; President’s Award from the National Italian American Foundation, and the Honorable Richard J. Daronco Distinguished Service Award from the Columbian Lawyers Association of Westchester County. Mr. Romita, who is a resident of Pelham, has received honorary degrees from Iona College and The College of New Rochelle.

“We are very pleased and honored to have Mauro Romita join our board. With his distinguished career as a successful business leader and his strong commitment to serving the local community, Mr. Romita is a significant and valuable addition to our board,” said Thomas G. Ferrara, Chairman of the Board of Directors of Community Mutual Savings Bank.

Community Mutual Savings Bank provides a wide range of banking products and services to the retail consumer and small business customers including residential and commercial real estate loans, consumer loans and small business loans primarily in Westchester, Dutchess and Putnam Counties as well as Fairfield County, CT. In April 2007, Community Mutual Savings Bank converted from a mutual savings bank charter to a stock company. The holding company, CMS Bancorp, Inc. is publicly traded on NASDAQ under the ticker symbol “CMSB”.
Community Mutual Savings Bank has branches in Eastchester, Greenburgh, Mount Kisco, Mount Vernon and West Harrison. The Bank’s corporate offices are located in White Plains.

Forward-Looking Statement – This press release may include certain forward-looking statements based on current management expectations. Readers should not place undue reliance on any such forward-looking statements contained in this press release, which speak only as of the date made. Factors of particular importance to CMS Bancorp, Inc. include, but are not limited to: (i) changes in general economic conditions, including interest rates; (ii) changes in conditions in the real estate market or the local economy; (iii) competition among providers of financial services; (iv) changes in the quality or composition of loan and investment portfolios of the Bank; (v) changes in accounting and regulatory guidance applicable to banks; and (vi) price levels and conditions in the public securities markets generally. These factors could affect CMS Bancorp’s financial performance and could cause the actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. Neither CMS Bancorp nor the Bank undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.