PRESS RELEASE

BANKFIVE HIRES BANKING VETERAN PEDRO PELICAS

(FALL RIVER, Mass., August 31, 2010) – Thomas F. Lyons, president and CEO of BankFive, is pleased to announce banking veteran Pedro V. Pelicas will join BankFive as vice president and branch manager of the Acushnet Avenue Office in the North-end of New Bedford, 1724 Acushnet Avenue.

Pelicas has worked in the banking industry for over 20 years and has deep roots in the New Bedford community. Most recently, Pelicas was the Senior Premier Client Manager for south-eastern Massachusetts at Bank of America, based out of the Pleasant Street Office in New Bedford. He is a graduate of the University of Massachusetts at Dartmouth and the American Institute of Banking.

“We are delighted to welcome such an experienced individual as Mr. Pelicas to our New Bedford team,” said Lyons. “He is a proven leader and will offer our customers unparalleled levels of service and expertise.”

Pelicas is actively involved in numerous community organizations, including serving as the president of both the Friends of Ilhavo Organization and United Fisherman’s Club. He is a regular volunteer with the United Way of Greater New Bedford, New Bedford Summerfest, New Bedford Day of Portugal, American Cancer Society, Shwartz Center and other local non-profit organizations. He has been a member of the Portuguese Athletic Club for 33 years and has worked with the South-End Business Association.

Pelicas resides in New Bedford with his wife Elizabeth and their son Kevin.

About BankFive
One of the 100 oldest banks in the America, BankFive has been serving the communities of the SouthCoast since 1855 with a steadfast commitment to provide local individuals, families and businesses with outstanding products and services designed to meet their financial needs. With thirteen offices conveniently located throughout the SouthCoast, BankFive is one of the top community banks in Massachusetts and the place to BankSmart. For more information, visit us online at www.bankfive.com.