MANCHESTER, NH—March 18, 2010—St. Mary’s Bank today announced it will provide auto loans to clients of Bonnie CLAC, a non-profit organization that helps families purchase reliable cars at low cost.

Bonnie CLAC offers personal financial education to struggling individuals and families by giving them the tools and knowledge necessary to improve and maintain financial stability. With the independence gained by owning a new car and empowered with the knowledge and skills learned at Bonnie CLAC, many people improve their job prospects, health, well-being and credit scores.

"Since we were established in 2001, Bonnie CLAC has helped nearly 1,200 New England residents purchase new and used cars by negotiating with dealers and financial institutions to secure the lowest prices and interest rates possible,” said Terri Steingrebe, CEO. “With the help of partners like St. Mary’s Bank, we’re able to give our clients a chance to make choices that will lead to financial health and success for themselves and their families. We sincerely appreciate the support of our financial partners—they make our programs possible.”

In addition to providing access to low interest rates for automobile loans through their financial partner program, Bonnie CLAC helps people increase their financial skills so they can develop and manage their household budgets as well as improve their credit and save for the future.

“We realize how important it is for people to have a safe, reliable and fuel-efficient automobile, especially when they are trying to effect positive changes in their lives,” said St. Mary’s Bank Senior Vice President and Director of Retail Lending Steven Macek. “St. Mary’s is pleased to work with Bonnie CLAC to help some of our members acquire reliable transportation.”

For more information on Bonnie CLAC’s programs and services, call 866.455.2522 or visit their Website at www.bonnieclac.org.