MassHousing Executive Director Thomas R. Gleason presents the award to Millbury Savings Bank Assistant Vice President Henry L. Folsom.

BOSTON, MASSACHUSETTS, May 20, 2008—MassHousing honored Millbury Savings Bank as the top-producing lender for its Homeowner Septic Repair Loan Program for 2007 during the agency’s annual Home Ownership Awards Ceremony. The annual event recognizes MassHousing lending partners for their excellence in promoting and originating the agency’s affordable mortgage and mortgage insurance products.

“MassHousing is very pleased to honor the outstanding lending institutions, including Millbury Savings Bank, for being the top producers of MassHousing loan products in 2007,’’ said MassHousing Executive Director Thomas R. Gleason. “Their excellence in lending and commitment to affordable housing has resulted in hundreds of Massachusetts residents being able to purchase their own home with MassHousing’s safe and affordable loan products.’’

Millbury Savings Bank received top honors for the Homeowner Septic Repair Loan Program in five of the last six years, originating 10 loans totaling $157,709 in 2007. The program provides affordable, fixed-rate loans to eligible homeowners to cover the costs of bringing a failing septic system into compliance with the state’s Title V or for connecting to city or town sewer lines.

MassHousing works with a statewide network of more than 275 approved lending partners to make available its diverse suite of affordable mortgage products, including predictable, safe, low and no down payment first mortgages and second mortgages that allow homeowners to make general repairs, remove hazardous lead paint, and repair or replace a failing septic system.

About MassHousing
The Massachusetts Housing Finance Agency, now doing business as MassHousing, is the leading provider of affordable housing in Massachusetts. Since 1970, MassHousing has provided more than $10.6 billion in financing for more than 97,000 units of mixed-income rental housing and more than 54,000 mortgage loans for homeowners. For more information, visit the MassHousing website at www.masshousing.com.

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. Millbury Savings has made a significant and long-standing commitment to give back to the neighborhoods it serves through its charitable giving program. Since 1995, the bank has provided more than $700,000 in much-needed financial support to charitable, civic, community, academic, and other not-for-profit organizations in Central Massachusetts.