Message from the President

Welcome to Winchester Savings Bank, an independent, mutually-chartered institution founded in 1871. Because our trustees, corporators, officers and employees all live locally, we understand the financial needs of local consumers and businesses. We take great pride in our long-standing reputation for integrity, our ability to expediently offer services, the high quality of our products, and the loyalty of our exceptional workforce.

As we navigate this turbulent economic period and its steady recovery, it is important to communicate the following:

• Winchester Savings Bank's capital ratios remain far above those required to be considered a well-capitalized institution by regulatory authorities.
• Winchester Savings Bank has not done, nor does it do, sub-prime lending. The credit problems that plagued many of the country's larger financial institutions have had minimal impact on us.
• All deposits at Winchester Savings Bank are insured in full by the FDIC and the DIF combined. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.
• While other institutions continue to restrain their lending activities, Winchester Savings Bank has money to lend to both individuals and business-owners.

As Winchester Savings Bank enters its 140th year of successful service to the local community, we want to thank you for being part of our rich tradition of excellence. If you or someone you know is looking for a safe place to deposit your hard-earned money, please come in and meet one of our Personal Bankers. If you are thinking about buying a home, paying for college, starting a business or planning for retirement, we can answer your questions and help you every step of the way. I believe you will enjoy becoming part of the Winchester Savings Bank family.

On behalf of everyone here, I extend to you my sincere wishes for a healthy and prosperous 2011.

Peter J. Segerstrom
President and C.E.O.

Comparative Statement of Condition