FOR IMMEDIATE RELEASE

Contact: Bruce Spitzer
617-523-7595

THE MASSACHUSETTS BANKERS ASSOCIATION ELECTS
10 MEMBERS TO BOARD OF DIRECTORS

-- Kenneth C. Brennan Named Chairman --

        BOSTON, July 1, 2010 -- At its recent annual meeting, the Massachusetts Bankers Association (MBA) elected 10 executives to serve in new positions on its board of directors including Kenneth C. Brennan, president & CEO of The Village Bank, the new chairman of the MBA, serving a one-year term.

        The executives and their new MBA board positions include:

Chairman of the Board:
Kenneth C. Brennan, president & CEO
The Village Bank, Auburndale

Vice Chairman:
Norman S. Seppala, president
Granite Savings Bank, Rockport

Treasurer:
Dorothy A. Savarese, president
Cape Cod Five Cents Savings Bank, Orleans

Immediate Past Chairman:
Christopher Oddleifson, president
Rockland Trust Company

At-Large Directors

Three-Year Terms:

Mark Crandall, state president, MA
TD Bank, Boston
(Re-appointment)

Richard A. Eaton, president
Newburyport Five Cents Savings Bank

Elizabeth P. Jones, president
Everett Co-operative Bank
(Re-appointment)

Joseph V. Roller, II, president
Cambridge Trust Company

Norman B. Williamson, chairman
Commonwealth Co-operative Bank, Hyde Park
(Re-appointment)

One-Year Term:

Donna L. Brady, senior vice president, Government Affairs
RBS Citizens, N.A., Providence, RI

Other Members:

Richard K. Bennett, President
Marlborough Savings Bank

John C. Boucher, President
South Shore Savings Bank, Weymouth

John D. Doherty, Chairman
Central Cooperative Bank, Somerville

Richard E. Holbrook, Chairman
Eastern Bank, Boston

Dennis L. Parente, President
Foxboro Federal Savings

Michael E. Tucker, President
Greenfield Co-operative Bank

Robert A. Caruso, Chairman
Lowell Five Cent Savings Bank

Stephen G. Crowe, President
MountainOne Financial Partners, North Adams

Thomas W. Kelly, President
BankNewport, Newport, RI

Thomas F. Lyons, President
BankFive, Fall River


        “This is as fine a group of members as we have ever had to serve on our board,” said Daniel J. Forte, president and CEO of the MBA. “The experience they bring to the table will serve us well in the year ahead as the banking industry faces many challenges. Ken Brennan, our chairman, is an esteemed community banker who brings a wealth of knowledge and talent that we will use to our advantage as we navigate through changing seas over the next year.”

        Brennan has nearly 40 years of banking experience, becoming the CEO of The Village Bank in 1991. “The banking industry is facing challenges on many fronts,” said Brennan. “In the year ahead we will work tirelessly to promote the value that banking brings to our society and move to develop thoughtful changes that benefit both customers and institutions.”

        Underscoring his own institution’s commitment to financial education, Ken Brennan has dedicated his tenure as chairman of the MBA in support of the Association’s ongoing effort to educate the public about financial issues of all kinds.

        The Massachusetts Bankers Association represents approximately 190 commercial, savings and co-operative banks and savings and loan institutions located in Massachusetts and elsewhere in New England.

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