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FOR IMMEDIATE RELEASE

Barbara S. McGrath Elected to Bankers’ Bank Northeast’s
Board of Directors
Glastonbury, CT
May 18, 2010

Barbara S. McGrath, Assistant Director of Connecticut Urban Legal Initiatives, Inc., located at the University of Connecticut School of Law in Hartford, CT, has been elected to the Bankers’ Bank Northeast Board of Directors.

“Barbara possesses the skills to be a productive participant in setting Bankers’ Bank Northeast’s strategic direction,” said Peter J. Sposito, President & CEO of Bankers’ Bank Northeast. “Her strong communication skills, legal background, commitment to the legal needs of not-for-profit organizations, and past service as Deputy Commissioner of Banks in Connecticut, enables her to contribute at a high level in helping us carry out the mission of Bankers’ Bank Northeast.”

McGrath, a resident of Windham, CT, is a graduate of Yale College and the University of Connecticut School of Law. She has been with Connecticut Urban Legal Initiatives, Inc. since 1998, and prior to that with Community Economic Development Fund and State of Connecticut Department of Banking.

"I welcome the opportunity to serve among leaders of community financial institutions again,” said McGrath. “These institutions represent critical pillars of their communities, and I hope to work with Bankers' Bank Northeast to help strengthen institutions and their communities by providing them with creative support and services.  I look forward to helping Bankers' Bank Northeast play a pivotal role in allowing these community banks to remain competitive with their mega-bank rivals."

McGrath is also active in the community, working closely with such organizations as Children’s Fund of Connecticut, Northeastern Connecticut Community Development Corporation, Thread City Development, Inc. and New England Certified Development Corporation, among others.

Bankers’ Bank Northeast, based in Glastonbury, CT serves more than 200 community banks and credit unions throughout New England and New York State. It is a state-chartered institution that is FDIC insured and a member of the Federal Reserve System and the Federal Home Loan Bank of Boston. Nationally, there are 19 bankers’ banks that work with more than 6,000 community financial institutions in all 50 states.