Oct. 3, 2006

The Putnam Savings Foundation Is Accepting Grant Applications
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October 3, 2006: The Putnam Savings Foundation is accepting grant applications from area non-profit organizations through October 31st. Applications will be reviewed in December and grant awards will be announced in January. Interested organizations should request a grant application by: writing to Mr. Thomas Borner, President, Putnam Savings Bank Foundation, Putnam Savings Bank, 40 Main St., Putnam CT 06260, calling the Main Office at 860-928-6501, or may download a copy at www.putnambank.com.

Grant awards are reviewed semi-annually in December and June. To qualify, organizations must demonstrate 501(c) (3) or other non-profit status and operate within Putnam Savings Bank's market area of Windham and New London Counties. Detailed information about the Foundation�s policies, criteria and eligibility are available on the Bank's website.

"As a community bank, nothing gives us greater pleasure than being able to provide financial assistance to those that help others in the communities we serve," said Chairman and CEO Thomas A. Borner who serves as President of the Foundation. "Being a good neighbor has been the cornerstone of our 140+ year mission. The Foundation is a valuable tool in furthering our goal of enhancing and improving the economic health and well-being of the residents and the towns in which we operate."

The original Putnam Savings Bank Charitable Foundation was established in 1999 with a $300,000 contribution from the Bank. The Putnam Savings Bank Foundation was created in 2004 with a one-time allocation of $1.2 million from monies raised during its initial stock offering. In 2006, the two foundations were merged to form The Putnam Savings Foundation, Inc. To date, the combined Foundations have contributed over $150,000 to organizations in the communities served by Putnam Savings Bank, primarily focused on projects as opposed to operating expenses.