FRANKLIN, MASSACHUSETTS, July 28, 2006

Wayne A. Cottle, President and Chief Executive Officer of Dean Bank, announced today that Michael J. Giacalone has joined the bank as Accounting Manager. Mr. Giacalone comes to Dean Bank from Crescent Credit Union, where he was employed as Accounting Manager. A graduate of Bentley College, Mr. Giacalone has over fourteen years of experience in Financial Service Accounting. Mr. Giacalone is a member of the Knights of Columbus and the St. Vincent DePaul Society, and is Assistant Den Leader for Cub Scout Pack 99. A resident of Franklin with his wife Suzanne and children Enza Marie, Joseph, Catherine, Andrew and Sara, Mr. Giacalone is fairly fluent in Italian and enjoys playing guitar, basketball, soccer, camping, fishing and traveling.

Dean Bank, founded in 1889, is a Massachusetts state-chartered, mutually owned institution with assets in excess of $200 million. The bank operates full-service offices in Franklin, Bellingham, Blackstone & Mendon, and a full-service educational and training facility at Tri-County Regional Vocational High School in Franklin. As a member of the FDIC and a member of the SIF, the bank’s deposits are insured in full.

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