St. Mary's Bank today announced its plans to open a full service retail branch office in Milford, NH. The new branch will be located in the Milford Shopping Plaza on Route 101A in Milford, NH.

This new branch office in Milford will enable St. Mary's Bank to expand its offering of low cost savings and loan products to additional communities in southern NH. "We are looking forward to expanding into this new market", said Ronald Rioux, president and CEO of St. Mary's Bank. "I am confident that our new Milford team will quickly establish this branch as a committed and integral member of the Milford community."

Last November St. Mary's opened an office in Londonderry and with its acquisition of Gateway Credit Union in July of this year, added branch locations in Nashua and Hudson. With the addition of the new Milford branch, the credit union will have a total of nine conveniently located offices in southern NH by next year.

"St. Mary's is committed to expanding its membership in New Hampshire by building on its reputation, earned over many years, for excellent customer service," said Ron Rioux, president and CEO. "We offer a full range of financial products and services for consumers and businesses at very competitive pricing all delivered by a dedicated and well trained team of employees. The addition of the Milford office demonstrates our commitment to increasing our presence in New Hampshire."

The Milford branch will include approximately 5,000 square-feet of space. As a full service branch, a broad range of consumer and commercial products and services will be available. The branch will feature a multi-station teller line, complete sales and service area, a mortgage lending office, conference rooms and a 24-hour ATM.

St. Mary's Bank plans to start construction on its new Milford office later this year and expects to be open by Mid-March of 2006. St. Mary's has engaged Kelly Construction of Manchester, NH to complete the construction and interior fit-up.