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Medway Co-operative Bank
Welcomes Mortgage Consultant

August 1, 2006, Medway, MA—Medway Co-operative Bank is delighted to announce the recent hire of Michael J. Shain as a Mortgage Consultant. The community-based financial institution continues to enrich its employee talent base by seeking out seasoned professionals with considerable expertise in highly specialized fields.

In his new role at Medway Co-operative Bank, Mr. Shain will focus on providing innovative mortgage loan financing to homebuyers and homeowners in Milford, Mendon, Bellingham and surrounding areas.  In his twenty years of mortgage lending, he has demonstrated a commitment to provide the highest level of service to his clients. Mr. Shain will continue to develop relationships with local realtors, builders, CPAs and attorneys to help them better serve their clients.

Mr. Shain is poised to contribute considerable expertise in the fields of mortgage lending as well as marketing. Among his many past achievements, he has served as Mortgage Specialist at The Milford National Bank, a Mortgage Officer at Chittendon Bank working in the Milford market, and as Mortgage Officer at Middlesex Savings Bank in Natick.

Mr. Shain graduated from Newbury College and has completed programs at the Massachusetts School for Financial Studies and the New England Banking Institute of the Massachusetts Bankers Association.

He currently resides in Milford, MA and is certified as a Notary Public in the Commonwealth of Massachusetts.  He is a volunteer and enthusiastic supporter of Boy Scouting in the region and is an active member of the Milford Area Chamber of Commerce.

We are proud to have hired a multi-talented, seasoned professional like Michael,” confirmed Jack Hamilton, President and CEO, Medway Co-operative Bank Cooperative Bank.  “His innovative marketing ideas and dynamic sales skills will surely be of benefit to our clients, as well as to his new colleagues here at the Bank.”

Medway Co-operative Bank—with assets of $130 million—was founded in 1915, and continues to offer a wide range of individual and business banking services as the only purely mutual, solely local bank in the community. Medway Co-operative Bank has been voted the #1 Community Bank in Medway and earned the Silver Award as Favorite Community Bank in the 13 town region in the CNC Readers Choice Awards.  The Bank continues to earn the highest rankings for financial strength from nationally recognized bank-rating companies including a Four-Star rating from Bauer Financial. Medway Co-operative Bank, a member of the FDIC and the SIF, is located at 70 Main Street in Medway MA.

For further information, visit www.medwaycoopbank.com or call 508.533.8661.