Millbury Savings Bank elects new chairman, trustee, and officer

	James M. Beauregard
	Thomas J. Fox, Jr.
	Colleen M. Young

MILLBURY, MASSACHUSETTS, June 9, 2008—Millbury Savings Bank recently elected James M. Beauregard, of Sutton, as chairman of its board of trustees, elected Thomas J. Fox, Jr., of Millbury, as a trustee, and promoted Colleen M. Young, of Webster, to branch officer.

Mr. Beauregard was elected a Millbury Savings Bank corporator in March 1979, a member of the bank’s board of trustees in November 1984, and is now chairman of the board. He is the senior partner of the tax accounting firm Beauregard & McDonough, Millbury. Mr. Beauregard is a graduate of College of the Holy Cross, and holds a Master of Business Administration (MBA) from Anna Maria College and a master’s degree from Worcester State College.

Mr. Fox was elected a Millbury Savings Bank corporator in April 2004, and now has been elected to the bank’s board of trustees with a term expiring in 2011. He is president of Turf Enhancement Enterprises in Millbury, a company he founded and has operated since 1989, and prior to that was personnel director at Standard Foundry Company in Worcester. Mr. Fox received his Bachelor of Science in education from Westfield State College and a master’s in labor relations from the University of Massachusetts, Amherst. Additionally, Mr. Fox has served as moderator for the town of Millbury since 1987 and is a former selectman for the town.

Ms. Young joined Millbury Savings in 2002 as branch manager of the bank’s Route 146 office, and has been promoted to branch officer. Her nearly 25 years of banking experience include progressive responsibilities, including serving as branch manager of another institution before coming to Millbury Savings. Ms. Young earned certificates in financial services operations, consumer lending, and bank security from the Center for Financial Training offered at Quinsigamond Community College.

About Millbury Savings Bank
Millbury Savings Bank, with assets of more than $185 million, is a full-service, community-based, mutual savings bank with two offices located in Millbury. Established in 1854, the bank offers an array of savings and loan products for individuals, families, and small to mid-size businesses within Central Massachusetts. All deposits are insured by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).

Millbury Savings Bank has made a significant and long-standing commitment to give back to the neighborhoods it serves. Through its charitable giving program, the bank has provided much-needed financial support to community organizations in Central Massachusetts. In fact, since 1995, Millbury Savings Bank has contributed more than $700,000 to local charitable and civic organizations, youth and senior citizen groups, and other non-profit organizations.

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