In recent weeks, the news relating to our industry has become extremely worrisome. On the heels of the earlier subprime lending fiasco and the ripples throughout the economy, Freddie Mac and Fannie Mae are now in serious trouble and will require government bailout. The very large California bank, IndyMac, was closed and reopened by the Feds. This instability has no doubt led to some jitters among depositors and investors.

Rest assured, Marlborough Savings Bank has positioned itself well over the last 148 years and we'd like to share some facts:

• All deposits at Marlborough Savings Bank are FULLY insured. What is not covered by the FDIC insurance is covered 100% by the DIF (Deposit insurance Fund). No one has ever lost a penny in a bank insured by both the FDIC and DIF.
• Marlborough Savings has always maintained a high integrity mortgage portfolio and we did not become involved in any subprime lending. Our assets (loans) remain strong.
• The surplus of our bank at the end of June 2008 was 11.3%; FDIC considers a bank to be "adequately capitalized" if they are at 6%. MSB is very strong.
• Marlborough Savings Bank is rated a 5 star institution by BauerFinancial, - "the nation's bank rating service". For more information, visit http://www.bauerfinancial.com

As a mutual savings bank, our stakeholders are you, our depositors. We take pride in managing our institution wisely and reinvesting deposits to fund growth and economic development in our community. Our employees are contributing members of our market area as well. Through prudent decisions and an allegiance to our community, we demonstrate daily our commitment to serving you. We welcome any comments or questions. Contact Rick Bennett, President and CEO at rbennett@agreatbank.com or 508-460-4150. Thank you for your support.