President's Message

August 31, 2009

During the first half of 2009, North Brookfield Savings Bank fared very well. We continue to operate profitably and have plenty of liquidity to fund loans of all types, whether residential mortgages, car loans or business loans. Despite this economy, there are still businesses and individuals that are creditworthy. As a strong community bank, with lending decisions made here, we are able to review and structure a loan that is in the best interest of the customer and the Bank.

Our focus on core banking principles has served us well and will continue to do so. Sticking with the basics in good times and bad times always seems to make sense. At NBSB we have always followed that philosophy.

In all likelihood, the remainder of 2009 will continue to be a challenge as the economy is still showing signs of stress and this impacts our community. We will need to be able to respond with an emphasis on the fundamentals of service excellence, quick response to customer inquiries and the recognition that we are here because of our customers. Many customers are more comfortable dealing with their local community bank and our capable staff will ensure that their experience is a good one.

The renovation and expansion of 35 Summer Street is well underway with a completion date in early fall. The new facility will provide for a more efficient workflow and functionality with Lending, Operations, Finance, and Administration all housed in one location.

I would like to thank each of you for banking with North Brookfield Savings Bank Through the patronage of our customers and the hard work of our talented employees, we have remained a strong, stable, and independent community bank for more than 155 years. Community banks like North Brookfield Savings Bank are instrumental in fueling the growth of businesses, putting families in homes, and helping our customers to manage their money and save for the future.

If you have any questions or concerns please feel free to review our financial highlights and to contact us at 508-867-7442.

Sincerely,

Donna L. Boulanger
President & Chief Executive Officer