EXHIBIT 99.1

For More Information Contact:

John H. Howland

President & Chief Operating Officer

Stephen V. Ciancarelli

Senior Vice President & Chief Financial Officer

(203) 782-1100

Southern Connecticut Bancorp, Inc. Reports Second Quarter Results

NEW HAVEN, Conn. (July 18, 2008) – Southern Connecticut Bancorp, Inc. (AMEX:SSE) (the “Company”), the holding company for The Bank of Southern Connecticut, announced second quarter results.  For the six months ended June 30, 2008, the Company earned $409,671 or $0.14 per share versus $8,906 or $0.00 per share for the six months ended June 30, 2007.  For the three months ended June 30, 2008, the Company earned $73,281 or $0.03 per share compared to a loss of $(23,016) or $(0.01) per share for the three months ended June 30, 2007.

As of June 30, 2008, the Company had total Shareholders’ Equity of $19.9 million, reflecting a Tier 1 Leverage Capital Ratio of 17.89% (in excess of the regulatory minimum of 4.0%).  Net loans increased 3.7% during the quarter to $80.4 million from $77.5 million at March 31, 2008.  Total non-accrual loans decreased by 10% to $775,617 (0.7% of total assets) at June 30, 2008 from $863,405 at March 31, 2008. Book value per share was $6.92 at June 30, 2008 versus $6.76 at December 31, 2007.

Today, the Company launched its internal Project Grid, an initiative aimed at reducing the expense structure of the Company through realignment of responsibilities, the elimination of several positions, and the consolidation of its operating division, The Bank of North Haven, into The Bank of Southern Connecticut.

“Project Grid is a commitment on the part of the Board of Directors, management, and the employees to enhance the profitability of our Company,” said John H. Howland, President & Chief Operating Officer.  “Through this realignment of resources, The Bank of Southern Connecticut is positioned to continue to increase its asset base with a lower expense platform.”

In addition to expense management, the Company is rededicating its commitment to capital management.  This week the Company completed its stock repurchase program approved in November 2007 of 147,186 shares at an average price of $6.89.  On Tuesday, July 15, 2008, the Board of Directors of Southern Connecticut Bancorp, Inc. approved the adoption of an additional stock repurchase program of up to 141,126 shares representing 5% of the outstanding shares of the Company’s common stock.  Pending regulatory approval, the shares will be repurchased on the open market from time to time as, in the opinion of management, market conditions warrant and subject to applicable laws, rules and regulations.

About Southern Connecticut Bancorp, Inc.

Southern Connecticut Bancorp, Inc. is a commercial bank holding company dedicated to serving the banking needs of businesses located in the greater New Haven area.  Southern Connecticut Bancorp owns 100% of The Bank of Southern Connecticut headquartered in New Haven Connecticut.  The Bank of Southern Connecticut is a provider of commercial banking services to a client base of small to midsized companies with annual sales typically ranging from $1,000,000 to $30,000,000.  The Bank’s services include a wide range of deposit, loan and other basic commercial banking products along with a variety of consumer banking products.  The Bank currently operates four branches, two in New Haven, Connecticut, one in Branford, Connecticut and one in North Haven, Connecticut.

Certain statements contained in this release and in other written materials and statements we may issue, including without limitation statements containing the word “believes”, “anticipates”, “intends”, “expects”, “estimates”, “could”, “would”, “will”, or words of similar import, constitute forward-looking statements within the meaning of the federal securities laws.

Such forward-looking statements involve risks, uncertainties and other factors that may cause our actual future results, performance or achievements to be materially different from any future results expressed or implied by such forward-looking statements. Such factors include, among others, a limited operating history and volatility of earnings, our dependence on our executive management and Board of Directors, our business concentration in small to midsized businesses in the New Haven, Connecticut area, as well as changes in our business, competitive market and regulatory conditions and strategies. Additional information concerning factors that could impact forward-looking statements can be found in the company’s periodic public filings with the Securities and Exchange Commission and in the section captioned “Risk Factors” in our prospectus filed on June 17, 2004.  Given these uncertainties, readers are cautioned not to place any undue reliance on such forward-looking statements. We disclaim any intent or obligation to update these forward-looking statements to reflect facts, assumptions, circumstances or events that occur after the date on which such forward-looking statements were made.

SOUTHERN CONNECTICUT BANCORP, INC.
Financial Highlights
	June 30			December 31			June 30
BALANCE SHEET DATA	2008			2007			2007
Loans Receivable (net of ALLL)	$	80,428,158		$	85,995,128		$	84,631,413
Loans Held for Sale, Fair Value		-			354,606			60,349
Money Market / CD's		8,170,830			8,355,686			7,566,940
Investment Securities		6,576,038			5,265,679			7,086,233
Deposits:
Checking - Non Interest Bearing		24,213,159			27,798,388			25,896,200
Checking - Interest Bearing		76,707			1,286,356			5,832,521
NOW		4,835,421			4,506,137			1,727,311
Money Market		30,807,120			40,721,374			41,273,690
Savings		1,428,818			1,654,000			1,884,713
Time Deposits		28,118,866			31,456,137			30,407,166
Total Deposits		89,480,091			107,422,392			107,021,601
Total Assets		111,692,383			130,564,261			130,028,620
Total Shareholders' Equity		19,865,450			20,084,483			20,420,596
Book Value per Share	$	6.92		$	6.76		$	6.94
Tier 1 Leverage Capital Ratio		17.89	%		15.08	%		16.20	%
ALLL / (ALLL+Net Loans+Loans Held for Sale)		1.40	%		1.43	%		1.33	%
Note: ALLL = Allowance for Loan and Lease Losses
				Six Months			Six Months
				Ended			Ended
STATEMENT OF OPERATIONS DATA				June 30, 2008			June 30, 2007
Interest Income				$	3,652,573		$	4,372,079
Interest Expense					1,209,665			1,650,298
Net Interest Income					2,442,908			2,721,781
Provision for Loan Losses					(103,743	)		127,244
Net Interest Income after Provision					2,546,651			2,594,537
Noninterest Income					1,260,116			520,679
Noninterest Expense					3,397,096			3,106,310
Net Income (Loss)				$	409,671		$	8,906
Net Interest Margin					4.54	%		4.86	%
PER SHARE DATA
Basic Income per Share				$	0.14		$	0.00
Diluted Income per Share				$	0.14		$	0.00

SOUTHERN CONNECTICUT BANCORP, INC.
Consolidated Balance Sheets
June 30, 2008 (unaudited) and December 31, 2007
	2008			2007
Assets
Cash and due from banks	$	3,593,334		$	3,891,258
Federal funds sold		8,140,748			21,100,000
Short-term investments		8,170,830			8,355,686
Cash and cash equivalents		19,904,912			33,346,944
Available for sale securities		6,576,038			5,265,679
Federal Home Loan Bank Stock		66,100			66,100
Loans receivable (net of allowance for loan losses of		80,428,158			85,995,128
$1,144,490 at6/30/08 and $1,256,965 at 12/31/07)
Loans held for sale		-			354,606
Accrued interest receivable		422,911			533,690
Premises and equipment, net		2,851,296			3,577,720
Other assets		1,442,968			1,424,394
Total assets	$	111,692,383		$	130,564,261
Liabilities and Stockholders’ Equity
Liabilities
Deposits
Noninterest bearing deposits	$	24,213,159		$	27,798,388
Interest bearing deposits		65,266,932			79,624,004
Total deposits		89,480,091			107,422,392
Repurchase agreements		79,528			544,341
Accrued expenses and other liabilities		1,083,756			1,327,002
Capital lease obligations		1,183,558			1,186,043
Total liabilities		91,826,933			110,479,778
Commitments and Contingencies		-			-
Stockholders’ Equity
Preferred stock, no par value; 500,000 shares authorized;
none issued
Common stock, par value $.01; 5,000,000, shares authorized;		28,725			29,697
Additional paid-in capital		23,621,023			24,263,531
Accumulated deficit		(3,759,380	)		(4,169,051	)
Accumulated other comprehensive gain (loss) – net unrealized
gain (loss) on available for sale securities		(24,918	)		(39,694	)
Total stockholders' equity		19,865,450			20,084,483
Total liabilities and stockholders' equity	$	111,692,383		$	130,564,261

SOUTHERN CONNECTICUT BANCORP, INC.
Consolidated Statement of Operations
For the Three and Six Months Ended June30, 2008 (unaudited) and 2007 (unaudited)
	Three Months Ended						Six Months Ended
	June						June
	2008			2007			2008			2007
Interest Income
Interest and fees on loans	$	1,518,632		$	1,837,813		$	3,273,123		$	3,569,992
Interest on securities		36,922			62,281			76,288			130,309
Interest on federal funds sold and short-term investments		103,500			357,467			303,162			671,778
Total interest income		1,659,054			2,257,561			3,652,573			4,372,079
Interest Expense
Interest on deposits		472,863			814,711			1,117,437			1,557,998
Interest on capital lease obligations		44,044			43,936			88,080			87,804
Interest on repurchase agreements		2,088			2,261			4,148			4,496
Total interest expense		518,995			860,908			1,209,665			1,650,298
Net interest income		1,140,059			1,396,653			2,442,908			2,721,781
Provision for Loan Losses		(113,503	)		27,451			(103,743	)		127,244
Net interest income after
provision for loan losses		1,253,562			1,369,202			2,546,651			2,594,537
Noninterest Income:
Service charges and fees		90,373			142,999			266,111			281,002
Gains and fees from sales and referrals of SBA loans		-			45,286			-			45,286
Gains from sale of branch		46,431			-			824,244			-
Other noninterest income		140,202			91,552			169,761			194,391
Total noninterest income		277,006			279,837			1,260,116			520,679
Noninterest Expense
Salaries and benefits		850,173			920,097			2,121,998			1,825,720
Occupancy and equipment		165,651			215,714			356,947			432,532
Professional services		137,816			173,095			248,759			258,452
Data processing and other outside services		98,278			106,667			204,402			210,578
Advertising and promotional expense		18,595			10,043			31,857			11,849
Forms, printing and supplies		39,910			20,655			57,034			39,165
FDIC Insurance		13,374			61,074			43,363			63,472
Other operating expenses		133,490			164,710			332,736			264,542
Total noninterest expenses		1,457,287			1,672,055			3,397,096			3,106,310
Net (loss) income	$	73,281		$	(23,016	)	$	409,671		$	8,906
Basic Income per Share	$	0.03		$	(0.01	)	$	0.14		$	0.00
Diluted Income per Share	$	0.03		$	(0.01	)	$	0.14		$	0.00
Dividends per Share	$	-		$	-		$	-		$	-