EXHIBIT A STOCK REORGANIZATION SERVICES PROPOSAL TO WESTFIELD FINANCIAL, INC.

Exhibit 1.1

July 6, 2006

Mr. Donald A. Williams

Chairman & CEO

Westfield Financial, Inc.

141 Elm Street

Westfield, MA 01085

Dear Mr. Williams:

This proposal is being submitted in connection with Westfield Financial, Inc. (“WFD” or “Bank”) intention to have the mutual holding company component of its organization reorganize from a mutual to a capital stock form of organization (the “Reorganization”). In order to effect the Reorganization, it is contemplated that all of WFD’s common stock to be outstanding pursuant to the Reorganization will be issued to a holding company (the “Company”) to be formed by WFD, and that the Company will offer and sell shares of its common stock first to eligible persons (pursuant to WFD’s Plan of Reorganization) in a Subscription and Community Reorganization, with any remaining shares offered to the general public in a Community and/or Syndicated Reorganization.

Keefe, Bruyette and Woods, Inc. (“KBW”) will act as WFD’s and the Company’s exclusive financial advisor and marketing agent in connection with the Reorganization. This letter sets forth selected terms and conditions of our engagement.

1. Advisory/Reorganization Services. As the Company’s financial advisor and marketing agent, KBW will provide the Company with a comprehensive program of services designed to promote an orderly, efficient, cost-effective and long-term stock distribution. KBW will provide financial and logistical advice to Company concerning the Conversion and related issues. KBW will provide services intended to maximize stock sales in the Subscription and the Community Offering, working closely with the management and the board to develop an appropriate sales strategy.

KBW shall provide financial advisory services to the Company which are typical in connection with an equity offering and include, but are not limited to, overall financial analysis of the Company with a focus on identifying factors which impact the valuation of the common stock.

Additionally, post-Reorganization financial advisory services will include advice on shareholder relations, after-market trading, dividend policy (for both regular and special dividends), stock

Keefe, Bruyette & Woods • 211 Bradenton Ave. • Dublin, Ohio 43017

614 ###-###-#### • Fax ###-###-####

Mr. Donald A. Williams

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repurchase strategies and communication with market makers. Prior to the closing of the Reorganization, KBW shall furnish to client a Post-Reorganization reference manual, which will include specifics relative to these items. (The nature of the services to be provided by KBW as the Company’s financial advisor and marketing agent is further described in Exhibit A attached hereto.)

2. Preparation of Reorganization Documents. The Company and its counsel will draft the registration statement, Reorganization application, prospectus and other documents to be used in connection with the Reorganization. KBW will attend meetings to review these documents and will advise you on their form and content. KBW and its counsel will draft an appropriate agency agreement and related documents as well as marketing materials other than the prospectus.

3. Due Diligence Review. Prior to filing the registration statement, Reorganization application or any Reorganization or other documents naming KBW as the Company’s financial advisor and marketing agent, KBW and its representatives will undertake substantial investigations to learn about the Bank’s and Company’s business and operations (“due diligence review”) in order to confirm information provided to us and to evaluate information to be contained in the Company’s Reorganization documents. The Company and the Bank agree that they will make available to KBW all relevant information, whether or not publicly available, which KBW reasonably requests, and will permit KBW to discuss with management the operations and prospects of the Bank. KBW will treat all material non-public information as confidential. The Company acknowledges that KBW will rely upon the accuracy and completeness of all information received from the Company, its officers, directors, employees, agents and representatives, accountants and counsel, including this letter to serve as the Company’s financial advisor and marketing agent.

4. Regulatory Filings. The Bank and/or the Company will cause appropriate Reorganization documents to be filed with all regulatory agencies including the Securities and Exchange Commission (“SEC”), the National Association of Securities Dealers (“NASD”), the Office of Thrift Supervision (“OTS”), and such state securities commissioners as may be determined by the Company.

5. Agency Agreement. The specific terms of KBW’s services contemplated in this letter shall be set forth in a mutually agreed upon Agency Agreement between KBW and the Bank and the Company to be executed prior to commencement of the Reorganization, and dated the date that the Company’s prospectus is declared effective and/or authorized to be disseminated by the appropriate regulatory agencies, the SEC, the NASD, the OTS and such state securities commissioners and other regulatory agencies as required by applicable law.

6. Representations, Warranties and Covenants. The Agency Agreement will include representations, warranties and covenants mutually agreeable to the Company and KBW, and will provide that the Company will indemnify KBW and its controlling persons (and, if applicable, the members of the selling group and their controlling persons), and that KBW will indemnify the Bank and the Company against certain liabilities including, without limitation, liabilities under the Securities Act of 1933.

Mr. Donald A. Williams

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7. Fees. For the services hereunder, the Company shall pay the following fees to KBW at closing unless stated otherwise:

8. Additional Services. KBW further agrees to provide financial advisory assistance to the Company and the Bank for a period of one year following completion of the Reorganization, including formation of a dividend policy and share repurchase program, assistance with shareholder reporting and shareholder relations matters, general advice on mergers and acquisitions and other related financial matters, without the payment by the Company or the

Mr. Donald A. Williams

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Bank of any fees in addition to those set forth in Section 7 hereof. Nothing in this letter, agreement shall require the Company or the Bank to obtain such services from KBW. Following this initial one year term, if both parties wish to continue the relationship, a fee will be negotiated and an agreement entered into at that time.

9. Expenses. The Company will bear those expenses of the proposed Reorganization customarily borne by issuers, including, without limitation, regulatory filing fees, SEC, “Blue Sky,” and NASD filing and registration fees; the fees of the Company’s accountants, attorneys, appraiser, transfer agent and registrar, printing, mailing and marketing and syndicate expenses associated with the Reorganization; the fees set forth in Section 7; and fees for “Blue Sky” legal work. If KBW incurs expenses on behalf of Company, the Company will reimburse KBW for such expenses.

KBW shall be reimbursed for reasonable out-of-pocket expenses, including costs of travel, meals and lodging, photocopying, telephone, facsimile and couriers, provided such expenses do not to exceed $40,000. The selection of KBW’s counsel will be done by KBW, with the approval of the Company. The Company will reimburse KBW for the fees and expenses of its counsel which will not exceed $60,000.

10. Conditions. KBW’s willingness and obligation to proceed hereunder shall be subject to, among other things, satisfaction of the following conditions in KBW’s opinion, which opinion shall have been formed in good faith by KBW after reasonable determination and consideration of all relevant factors: (a) full and satisfactory disclosure of all relevant material, financial and other information in the disclosure documents and a determination by KBW, in its sole discretion, that the sale of stock on the terms proposed is reasonable given such disclosures; (b) no material adverse change in the condition or operations of the Bank subsequent to the execution of the agreement; and (c) no adverse market conditions at the time of Reorganization which in KBW’s opinion make the sale of the shares by the Company inadvisable.

11. Benefit. This letter agreement shall inure to the benefit of the parties hereto and their respective successors and to the parties indemnified pursuant to the terms and conditions of the Agency Agreement and their successors, and the obligations and liabilities assumed hereunder by the parties hereto shall be binding upon their respective successors; provided, however, that this letter agreement shall not be assignable by KBW.

12. Definitive Agreement. This letter agreement reflects KBW’s present intention of proceeding to work with the Company on its proposed Reorganization. It does not create a binding obligation on the part of the Bank, the Company or KBW except as to the agreement to maintain the confidentiality of non-public information set forth in Section 3, the payment of certain fees as set forth in Section 7(a) and 7(b) and the assumption of expenses as set forth in Section 9, all of which shall constitute the binding obligations of the parties hereto and which shall survive the termination of this letter agreement or the completion of the services furnished hereunder and shall remain operative and in full force and effect. You further acknowledge that any report or analysis rendered by KBW pursuant to this engagement is rendered for use solely by the Company and its agents in connection with the Reorganization. Accordingly, you agree that you will not provide any such information to any other person without our prior written consent.

Mr. Donald A. Williams

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KBW acknowledges that in Reorganization the Company’s stock no person will be authorized to give any information or to make any representation not contained in the Reorganization prospectus and related Reorganization materials filed as part of a registration statement to be declared effective in connection with the Reorganization. Accordingly, KBW agrees that in connection with the Reorganization it will not give any unauthorized information or make any unauthorized representation. We will be pleased to elaborate on any of the matters discussed in this letter at your convenience.

If the foregoing correctly sets forth our mutual understanding, please so indicate by signing and returning the original copy of this letter to the undersigned.

EXHIBIT A

STOCK REORGANIZATION SERVICES PROPOSAL

TO WESTFIELD FINANCIAL, INC.

KBW provides thrift institutions converting from the mutual to stock form of ownership or conducting mutual holding company minority stock Reorganizations with a comprehensive program of stock issuance services designed to promote an orderly, efficient, cost-effective and long-term stock distribution. The following list is representative of the stock issuance services, if appropriate, we propose to perform on behalf of the Company.

General Services

Assist management and legal counsel in structuring the transaction.

Review and comment on the Stock Issuance Plan.

Analyze and make recommendations on bids from printing, transfer agent, and appraisal firms.

Assist officers and directors in obtaining bank loans to purchase stock, if requested.

Assist in drafting and distribution of press releases as required or appropriate.

Review and comment on the prospectus and any business plan prepared in connection with the Reorganization.

Stock Reorganization Enhancement Services

Establish and manage the Stock Information Center at the Bank. Stock Information Center personnel will track prospective investors; record stock orders; mail order confirmations; provide the Bank’s senior management with daily reports; answer customer inquiries; and handle special situations as they arise.

Assign KBW’s personnel to be at the Bank through completion of the Subscription and Community Reorganizations to manage the Stock Information Center, meet with prospective shareholders at individual and community information meetings (if applicable), solicit local investor interest through a tele-marketing campaign, answer inquiries, and otherwise assist in the sale of stock in the Subscription and Community Reorganizations. This effort will be lead by a Principal of KBW.

Create target investor list based upon review of the Bank’s depositor base.

Provide intensive financial and marketing input for drafting of the prospectus.

Stock Reorganization Enhancement Services- Continued

Prepare other marketing materials, including prospecting letters and brochures, and media advertisements.

Arrange logistics of community information meeting(s) as required.

Prepare audio-visual presentation by senior management for community information meeting(s).

Prepare management for question-and-answer period at community information meeting(s).

Attend and address community information meeting(s) and be available to answer questions.

Broker-Assisted Sales Services.

Arrange for broker information meeting(s) as required.

Prepare audio-visual presentation for broker information meeting(s).

Prepare script for presentation by senior management at broker information meeting(s).

Prepare management for question-and-answer period at broker information meeting(s).

Attend and address broker information meeting(s) and be available to answer questions.

Produce confidential broker memorandum to assist participating brokers in selling the Bank’s common stock.

After-market Support Services.

KBW will use their best efforts to secure trading and on-going research commitment from at least two NASD firms, one of which will be Keefe, Bruyette & Woods, Inc.