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A Message from the President
Jay S. Gibson, President and CEO

Dear Friends and Neighbors,

Welcome to the online extension of the Piscataqua Savings Bank community; we hope you will enjoy our new website and that it serves you well. Our goals in creating this new site were to provide a fresh look that is pleasant for you to visit while keeping it simple and easy to use;
and to effectively communicate our values
and the depth of services we offer.

In today's competitive business world, we're gratified that our old-fashioned values have come full circle.

Despite an aura of pessimism and
a challenging economic environment, I'm proud to report that 2007 was a very positive year for Piscataqua Savings. Our customers have felt secure in their trusted relationship with us. The value of banking with a financially stable and locally committed institution has become apparent to many.

Piscataqua Savings Bank is mutually owned and not for sale. As a mutual savings bank we operate without shareholders, which allows us to maintain a longer-term vision for the benefit of our customers, and the community we serve. Our first priority is—and always has been—you, our customers.

We are different from other banks and can offer you the stability of a long-term relationship. We ensure that you can pick up the phone and get things done locally with people who are dedicated to serving you and who can make quick decisions on your behalf.

A board of trustees governs Piscataqua, just as it has been since its inception on July 19, 1877. We are accessible and attuned to the Portsmouth community. Our trustees and corporators are your friends and neighbors and are charged with establishing Bank policies in accord with local interests. Historically, our trustees have always understood the importance of maintaining our independence and the difference it makes for our customers. This commitment to remaining an independent mutually owned bank has been, and will always be, preserved for the benefit of the people we serve.

We've never lost what so many banks are trying to create - warm, mutually respectful relationships with our customers.

In today's complex and competitive business environment we are still committed to our original mission and values. We're proud that we've never lost what so many banks are trying to create—warm, mutually respectful relationships with our customers that grow stronger and stronger with each new generation.

I invite you to stop in and see me anytime. And, please let us know how you like our new website by clicking on the 'Feedback' link at the bottom of the page.

Sincerely,
Jay S. Gibson

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