James M. Gallagher III

CONCORD, NH - March 27, 2006 - James M. Gallagher III has been promoted to Commercial Portfolio Manager at Merrimack County Savings Bank, according to an announcement by Ron Wilbur, President and Chief Executive Officer.

Gallagher joined Merrimack County Savings Bank in 2002 as a senior underwriter and credit analyst. He is responsible for managing and maintaining new and existing loans. Ed Caron, Senior Vice President, said, "James' strong performance with the commercial lending team has contributed to the healthy growth of the department." A graduate of Plymouth State College, Gallagher is a member of the Manchester Young Professionals Network and a resident of Manchester, N.H.

Founded in 1867, Merrimack County Savings Bank is a mutual savings bank headquartered in Concord, New Hampshire. The bank offers a wide variety of deposit, loan, and convenience services to individuals, businesses and organizations. Deposits are insured by the Federal Deposit Insurance Corporation (FDIC). Bank assets total over $380 million.