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North Shore Bank offers low-interest home equity loans
to help local resident hit by flood

PEABODY, MASSACHUSETTS, May 26, 2006 … North Shore Bank announced today that it will offer a special Home Equity loan program to assist local homeowners affected by the recent flood.

 The Bank will offer two points off the rate of its current home equity loan products for the first 12 months. This limited time offer is available on 5, 10, 15 or 20 year terms, in amounts ranging from $5,000 to $50,000. After the first 12 months, the loan rate will revert to the rate that was in effect at the time of the original application.  The bank stated that it promises expedited processing, in order to help local residents with needed replacements and home repairs as quickly as possible.

 North Shore Bank, a full-service community bank based in Peabody, was established in 1888 under State charter. The Bank has nine branches in North Shore communities including Beverly, Danvers, Liberty Tree Mall, Lynn, Middleton, Peabody, Salem and West Peabody, and maintains an online banking presence at northshore-bank.com

 The Bank is an Equal Housing Lender, a member of the FDIC and a member of the SIF.

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