Dec. 1, 2005

Putnam Savings Bank
Launches Online Loan Center
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December 1, 2005: Putnam Savings Bank is pleased to announce the launch of their online mortgage origination website www.psbolc.com. This website gives users the ability to research mortgage interest rates and loan programs and apply for and track their mortgage online 24 hours a day, 7 days a week.

"We are pleased to introduce this product that showcases our commitment to quality customer service," stated John LaFountain, Senior Vice President. "Whether you're looking for a mortgage or equity line program you can now apply at our place, your place or cyberspace! The Online Loan Center also serves as an information source to track interest rates or the status of loan applications. It is user-friendly and completely secure; with these essential components in place we believe the Online Loan Center will become the lending origination choice for a growing number of consumers."

Visitors to the site can also sign up for the "Rate Watch" feature. Users can select to be notified by e-mail when a mortgage interest rate hits their target rate, or they can choose to receive all the rates for a particular product for a specific length of time.

"The response from the realtor community has been favorable," said LeeAnn Kieltyka, Vice President of Loan Origination. "They find the Online Loan Center provides 24/7 flexibility to accommodate their hectic work schedules. The pre-qualification feature on the site enables consumers to shop for a home knowing the mortgage they can afford while Rate Watch keeps the customer aware of current interest rates via email."