Bank of Canton to Participate in MassHousing's A Home for the Brave Program

April 2008- Military veterans now will find purchasing that dream home within reach thanks to a new partnership between Bank of Canton and the Massachusetts Housing Finance Agency (MassHousing) in which the bank will participate in MassHousing's new A Home for the Brave program.

MassHousing introduced the Municipal Mortgage program in 2006 to help police officers, firefighters, teachers and other municipal employees buy homes in the city or town in which they worked. The agency is now reviving the Municipal Mortgage program and shifting its focus to U.S. Armed Service Veterans and introducing the A Home for the Brave program. MassHousing's goal is to have 20 banks statewide as participants in the program.

As part of A Home for the Brave, Bank of Canton will make available to U.S. veterans portfolio loans at a fixed rate for the first ten years. One distinct advantage of this type loan is that no down payment is required. All loans granted as part of this program will be insured by MassHousing and provided to veterans who are looking to buy homes statewide.

"Bank of Canton is proud to be one of the banks supporting the A Home for the Brave program," said George DeMello, Senior Vice President of Residential Lending for Bank of Canton. "We are a community service bank and, as such, we feel that it is important that we help veterans in our communities experience a smooth transition back to civilian life. This program reinforces Bank of Canton's community commitment and is just one way in which we can express our appreciation for those who serve our country."

To hear more about the programs Bank of Canton offers please call 888.828.1690 or visit us online at www.ibankcanton.com.