Georgetown Bank Expands Mortgage Origination Team

Fri Jun 8, 2012 6:13pm EDT

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Georgetown Bank Expands Mortgage Origination Team

Georgetown Bank (the “Bank”), a wholly owned subsidiary of Georgetown Bancorp, Inc. (the “Company”) (OTCBB: GTWN), is pleased to announce the recent expansion of its Mortgage Origination team with the addition of two Senior Loan Officers, Mr. David J. Rufo and Ms. Catherine M. Long. In their new roles at the Bank, Mr. Rufo and Ms. Long will be able to introduce Georgetown Bank’s high standards of customer service and wide range of loan products to an expanded geography of clients.

Mr. Rufo, a native of Woburn, MA and a graduate of UMass Amherst, has been successful in many mortgage and banking roles in the Boston area, most recently as a Senior Loan Officer at JPMorgan Chase. He will be expanding our customer base by marketing in the Woburn/Winchester area and beyond.

Ms. Long, a native of Natick, MA, comes to Georgetown Bank from the residential mortgage team at JP Morgan Chase as well and will be marketing primarily in the Metro-West area, expanding her already strong customer following in the greater Boston area.

Mr. Robert E. Balletto, President and CEO of Georgetown Bank stated, “I am extremely pleased to announce the addition of David Rufo and Catherine Long to our team. With their extensive background in mortgage banking and their deep commitment to serving their customers, they will both be exceptional resources for the Bank and our customers.”

About Georgetown Bancorp, Inc.

Georgetown Bancorp, Inc. is the holding company for Georgetown Savings Bank. Georgetown Savings Bank, with branch offices in Georgetown, North Andover and Rowley, Massachusetts, is committed to making a positive difference in the communities we serve. We strive to deliver exceptional personal service at all times and to help each of our customers achieve their unique financial goals through a competitive array of commercial and consumer banking services. To learn more about Georgetown Savings Bank, visit www.georgetownbank.com or call 978-352-8600.

Forward-looking statements

This news release may contain certain forward-looking statements, such as statements of the Company’s or the Bank’s plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as “expects,” “subject,” “believe,” “will,” “intends,” “will be” or “would.” These statements are subject to change based on various important factors (some of which are beyond the Company’s or the Bank’s control) and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management’s analysis of factors only as of the date of which they are given). These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, the ability of the Company or the Bank to effectively manage its growth, and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including Current Reports on Form 8-K.

Georgetown Bank
Robert E. Balletto, 978-352-8600
President/CEO
rballetto@georgetownbank.com