AGREEMENT

Exhibit 10.17

AGREEMENT

This agreement made as of the second day of August, 2004 by and between WESTFIELD BANK, of the Town of Westfield, and Commonwealth of Massachusetts (hereinafter referred to as “Westfield”) and VILLAGE MORTGAGE COMPANY, of the Town of Torrington, County of Litchfield and State of Connecticut (hereinafter referred to as “Village”).

SCOPE OF SERVICES

Village shall act as the residential mortgage originator and servicer for Westfield. Village will provide prompt, quality service to Westfield. It is the specific intent of the parties that Village and its employees shall be independent contractor(s) and not employee(s) of Westfield.

1. Compensation:

In consideration of the covenants contained herein, compensation shall be as follows:

The following is the flow of the mortgage loan transaction that is understood between Westfield and Village. Westfield or Village can choose to modify this at any time:

ADDITIONAL TERMS

TERM

This agreement shall remain in full force and effect for a period of one (1) year. Early termination of this agreement may be initiated by either party by giving sixty (60) days notice thereof to the other party, unless both parties agree to a shorter termination period.

GOVERNING LAW

This Agreement to be governed by, and constructed in accordance with the laws of the State of Connecticut applicable to contracts made and to be performed in such state.

NOTICES

Any notice; consent or other communication required or permitted to be given under or in connection with this Agreement will be in writing, delivered in person, by public telegram or by mailing same: certified or registered mail, addressed to the party to whom such notice is given at the address set forth below:

TO BE GIVEN TO WESTFIELD BANK:

Westfield Bank

141 Elm Street

Westfield MA 01086

TO BE GIVEN TO VILLAGE MORTGAGE COMPANY:

Village Mortgage Company

21 Prospect Street: Unit D

Torrington CT 06790

Either party may change the address to which any such notice, report, demand, request or other instrument or communication to such party is to be delivered or mailed, by giving written notice of such change to the other party, but no such notice of change shall be effective unless and until received by such other party.

VALIDITY OF PROVISIONS SEVERABILITY

If any provision of this Agreement is or becomes or is deemed invalid, illegal, or unenforceable in any jurisdiction, then:

ARBITRATION

In the event of any dispute under this agreement among the pa-ties hereto, such dispute shall be settled by arbitration in the city nearest or at Hartford, CT in accordance with the rules then obtaining on the American Arbitration Association or any successor thereto. The decision of the arbitrators shall be final, binding and conclusive. The cost of such arbitration shall be divided equally between parties, and each party shall pay its own attorney’s fees and expenses.

NO JOINT VENTURE

Westfield and Village recognize and agree that this Agreement is not a joint venture or partnership between the parties hereto and solely constitutes an Agreement for providing residential mortgage loan originations and servicing of the same by Village for Westfield.

AUTOMATIC RENEWAL

This contract shall automatically renew unless either party notifies the other to the contrary prior to sixty (60) days before expiration of the prior term.

This agreement comprises the entire Agreement between the parties hereto relating to the subject matter herein and supersedes any prior oral and/or written agreements or discussions between the parties relating to such subject matter. No amendment, modification waiver, determination or addition to or of this Agreement will be valid and binding unless in writing and signed by the party to be charged and no verbal agreement of any nature relating to subject matter hereof or to any relationship between the parties will be considered valid or enforceable on either party.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date as set forth above.

Personally appeared, Laurel A. Caliendo who acknowledged herself to be the President of Village Mortgage Company and that she as such President being authorized so to do executed the foregoing instrument as his/her free act and deed and the free act and deed of Village Mortgage Company before me.

Personally appeared, Rebecca Kozacka who acknowledged himself/herself to be the Vice President of Westfield Bank and that he/she as such Vice President being authorized so to do executed the foregoing instrument as his/her free act and deed and the free act and deed of Westfield Bank before me.