- GreatWaters Bank and Trust

For Immediate Release

WOLFEBORO –  A group of local investors led by founder Brian Underwood has raised over $2.6 million in thirty days to start a new local bank entity: GreatWaters Bank & Trust. Recently, Peter Alden joined the start-up. Mr. Alden most recently served as President & CEO of the former Community Bank & Trust Company in Wolfeboro.

The proposed bank is subject to state and federal approvals. Upon approval, GreatWaters Bank & Trust Company will be centrally located at the corner of Center and Pine Streets on the current Wolfeboro Croquet Club. A public stock offering is anticipated in the first quarter of 2008. Any offering of bank shares will be made pursuant to a written circular offering. Additional information can be found at the proposed bank’s website www.greatwatersbank.com.

For Immediate Release

WOLFEBORO –  A group of local investors led by founder Brian Underwood has raised over $2.6 million in thirty days to start a new local bank entity: GreatWaters Bank & Trust. Recently, Peter Alden joined the start-up. Mr. Alden most recently served as President & CEO of the former Community Bank & Trust Company in Wolfeboro.

The proposed bank is subject to state and federal approvals. Upon approval, GreatWaters Bank & Trust Company will be centrally located at the corner of Center and Pine Streets on the current Wolfeboro Croquet Club. A public stock offering is anticipated in the first quarter of 2008. Any offering of bank shares will be made pursuant to a written circular offering. Additional information can be found at the proposed bank’s website www.greatwatersbank.com.