FOR IMMEDIATE RELEASE

Wainwright Bank Lends $2.5 Million To The Center for Addictive Behaviors, Inc.

Boston, MA, September 23, 1997 - Through a loan granted by Wainwright Bank & Trust Company, Danvers, Massachusetts will be the site of a new , $3.5 million, 30,000 square foot facility to treat women, men, adolescents and families whose lives are affected by substance abuse. The $2,550,000 loan to the Center for Addictive Behaviors, Inc. will allow the consolidation of four programs now located at three different sites into one new facility which will be constructed on seven acres of land leased from the Commonwealth of Massachusetts. The balance of project costs are from a participating loan from Beverly Cooperative Bank, and a $750,000 Capital Campaign drive. Northeast Health Systems, Inc. has contributed $375,000 toward the Capital Campaign. Construction will start immediately as the new facility conforms with town zoning and has the approval of all required local and state officials.

The Center for Addictive Behaviors ("CAB") was founded in 1958 as the North Shore Committee on Alcoholism and has evolved substantially since that time in both scope and capability. To address addiction, the Center for Addictive Behaviors has developed innovative programs to meet the needs of the diverse population that it serves. Approximately 70% of admissions to its programs are from the 27 cities and towns in Northeast Massachusetts, 20% are from metropolitan Boston, and the remaining 10% are from other parts of Massachusetts. The Danvers Town Committee, studying the reuse of Danvers State Hospital land, specifically recommended the location of these treatment programs at the new site. The services that will be provided are known as "diversionary services"; that is, services that allow a patient to be treated in an alternative environment to inpatient hospital care, saving the Commonwealth substantial sums.

Pamela Feingold, Senior Vice President and Community Development Lender, stated that "Wainwright Bank is pleased to be able to provide a major loan to the Center for Addictive Behaviors so that this organization can continue its 40-year tradition of treating and educating those troubled by substance abuse." Wainwright Bank is known for its socially responsible lending and the CAB project in Danvers is another example of the Bank's commitment.

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