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George Q. Packard
Vice President, Investor Relations


Wainwright Bank & Trust Company (NASDAQ: WAIN)
telephone: (617) 478-4000
e-mail: gpackard@wainwrightbank.com
website: www.wainwrightbank.com

FOR IMMEDIATE RELEASE

Wainwright Bank & Trust Company Announces 20% increase in Quarterly Dividend

BOSTON, MA - May 12, 2005 - Wainwright Bank & Trust Company (NASDAQ symbol "WAIN") announced that its Board of Directors has declared an increase in the quarterly dividend on the Bank's common stock to $.06 (six cents) per share.

This dividend represents a 20% enhancement over the dividend level paid in past quarters. This dividend will be paid on June 10, 2005 to common stockholders of record as of May 20, 2005.

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