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Wainwright Bank Provides $10.6 Million to Harbor Health Services, Inc.
Date:1/20/2009

BOSTON, Jan. 20 /PRNewswire-FirstCall/ -- Wainwright Bank & Trust Company (Nasdaq: WAIN), announced today that it has completed two bond purchases totaling $10.6 million, including a New Markets Tax Credit Leveraged Loan in excess of $7.6 million, to help finance the expansion of Harbor Health Services, Inc.'s Elder Service Program.

Harbor Health is one of only six health centers in Massachusetts that follow the Program of All inclusive Care for the Elderly (PACE) model which is centered around the belief that it is better for the well being of seniors with chronic care needs to be served in the community whenever possible. Harbor Health is one of the country's oldest community health centers and provides comprehensive outpatient health care, educational, community and social services to the residents of Dorchester, Quincy, Hyannis, Harwich and surrounding communities through its key facilities: Neponset Health Center, Geiger-Gibson Community Health Center and Mid Upper Cape Community Health Center.

Dan Driscoll, President/CEO of Harbor Health noted: "Harbor Health Services, Inc. is very pleased that its collaboration with Wainwright Bank will result in funding to expand its Elder Service Plan, a federally recognized PACE program. Elder Service Plan will now be able to serve over 300 frail elders, providing comprehensive health services designed to keep elders in their homes and out of nursing homes."

In making the announcement, Jan A. Miller, President/CEO stated, "We are pleased to team with Harbor Health to assist in the relocation and expansion of their Elder Services Program. Non-profit and community development lending is a core business strategy of the Bank."

Previously, in December, the Bank announced that it had received a $22 million investment from the U.S. Treasury's Capital
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SOURCE Wainwright Bank & Trust Company
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