Apr. 18, 2005

Putnam Savings Bank Earns 5 - Star Rating
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April 18, 2005: Putnam Savings Bank has earned a 5-star rating by BAUERFINANCIAL Inc., the nations leading independent bank rating firm. Furthermore, the bank sailed through its most recent Community Reinvestment evaluation by federal regulators. In addition to the prestige of being one of the strongest banks in the nation, it is also credited with a reputation of solid investment in its community. (The star rating is based on an evaluation of the most recent financial data filed with federal regulators and analyzed by BAUERFINANCIAL Inc.) Putnam Savings Bank has earned BAUERFINANCIAL's 5-star rating 60 consecutive times, which makes it part of an even more elite group of banks considered "Exceptional Performance Banks" by the rating firm.

"The Community Reinvestment Act was originated in 1977 and revised in 1995," notes Karen Dorway, President of BAUERFINANCIAL Inc. "To score well, Putnam Savings Bank had to demonstrate that it is responsive to the credit needs of the community, it has a good geographic distribution of loans in its area and it makes a high level of community development loans. Couple the success Putnam Savings has had reaching out to its community with the financial success it has achieved, and you know you are dealing with a true winner."

BAUERFINANCIAL Inc., Coral Gables, Florida, is the nation's leading independent bank rating firm. It has been reporting on and analyzing the performance of U.S. banks, thrifts and credit unions since 1983.