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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 5% Stock Dividend

BOSTON, MA - May 16, 2005 - Wainwright Bank & Trust Company (NASDAQ symbol "WAIN") announced that its Board of Directors has declared a 5% stock dividend to be paid on June 20, 2005 to common stockholders of record as of May 27, 2005. The Board also raised the quarterly cash dividend to $.06 per share, which in the future will be paid on all shares including the stock dividend.

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