Danversbank Charitable Foundation Announces Nearly $180,000 in Donations

DANVERS, Mass.--(Business Wire)--
The Danversbank Charitable Foundation has made grants totaling
nearly $180,000 in its first six months in existence, according to
Kevin Noyes, Danversbank 1st Vice President and Director of the
Foundation. The Foundation was created in mid-January, when the
holding company for Danversbank -- Danvers Bancorp, Inc. -- became a
publicly traded company (NASDAQ: DNBK).

Between January and June of this year, the Foundation granted
exactly $179,600.00. Of that total, almost $127,000 was donated in
Essex County; nearly $20,000 in Middlesex County; and close to $37,000
in Suffolk County. A sampling of the grants awarded in each county is
below:

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Essex County
Hospice of the North Shore $ 30,000
North Shore Medical Center $ 30,000
Danvers Educational Enrichment Program $ 10,500
North Shore Community College $ 10,000
Citizens for Adequate Housing $ 7,500
North Shore Music Theatre $ 5,000
Bishop Fenwick High School $ 5,000

Middlesex County
Triangle Inc. $ 7,500
Social Capital, Inc. $ 2,500
Mission of Deeds $ 2,500
YWCA Malden $ 1,750
Healthy Malden Inc. $ 1,500
Tailored for Success $ 1,000
Massachusetts Association for Mental Health $ 1,000
Malden YMCA $ 1,000

Suffolk County
ROCA Inc. $ 10,000
HarborCOV $ 5,000
Jordan Boys and Girls Club $ 5,000
Horizons for Homeless Children $ 2,000
Catholic Schools Foundation $ 5,000
Community Action Program's Inter-City Inc. $ 4,000
Accion USA $ 2,500
YMCA of Greater Boston $ 2,000
*T

About the Danversbank Charitable Foundation

The Danversbank Charitable Foundation was created in January of
this year, to honor the bank's community focus and to support future
donations within our branch communities. Funding for the Foundation
comes from the common stock of Danvers Bancorp, Inc., Danversbank's
holding company (NASDAQ: DNBK). The Foundation operates three
community-based programs: The Neighborhood Fund; the Malden Community
Fund Program; and the Danversbank Grant Program. Eligibility for these
programs is limited to organizations that have received 501(c) (3)
tax-exempt status from the IRS. Foundation grants are made on a
quarterly basis. For an application or more information about the
Danversbank Charitable Foundation, visit the following web page:
https://www.danversbank.com/about_us/charitable_foundation. Interested
parties can also contact Kevin Noyes, Director of the Danversbank
Charitable Foundation, at 978-739-0253 or kevin.noyes@danversbank.com.

About Danvers Bancorp, Inc.

Danvers Bancorp, Inc. is the holding company for Danversbank, a
Massachusetts-chartered savings bank headquartered in Danvers,
Massachusetts. Originally founded in 1850 as a Massachusetts-chartered
mutual savings bank, we have grown to $1.5 billion in assets through
acquisitions and internal growth, including de novo branching. We
conduct business from our main office located at One Conant Street,
Danvers, Massachusetts, and our 15 offices located in Andover,
Beverly, Boston, Chelsea, Danvers, Malden (2), Middleton, Peabody,
Reading, Revere, Salem, Saugus, Wilmington, and Woburn, Massachusetts.
Our business consists primarily of making loans to our customers,
including commercial and industrial loans, commercial real estate
loans, owner-occupied residential mortgages and consumer loans, and
investing in a variety of investment securities. We fund these lending
and investment activities with deposits from our customers; funds
generated from operations and selected borrowings. We also provide
non-deposit investment products and services, cash management, debit
and credit card products and online banking services. Additional
information about the Company and its subsidiaries is available at
https://www.danversbank.com.

Danversbank
Cheryl French, 978-739-0210
Corporate Communication Manager

Copyright Business Wire 2008