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ADVISORY/ directbanking.com Opens First Interactive Bank in New England.


Business/Technology Editors

ADVISORY for Wednesday Wednesday: see week.  (Oct. 18)

--(BUSINESS WIRE)

What:      directbanking.com, one of the original Internet banks, is
           opening its doors in Boston. directbanking.com, part of the
           Salem Five financial network, will feature the next
           generation in banking technology. A truly self-service
           bank, the branch showcases Internet kiosks and interactive
           banking consoles with video conferencing capabilities.
           Customers can open new and manage existing accounts
           entirely online, but with the added value of personalized
           customer service, via live video conference, from a trained
           expert.

Where:     52 Congress Street, Boston, Mass.

When:      Grand Opening takes place on Wednesday, October 18, 2000
           with festivities taking place throughout the week.

Who:       William Mitchelson, directbanking.com and Salem Five Cents
           Savings Bank's CEO and Janis Dodge, senior vice president
           are available for media interviews and branch technology
           demonstrations.

Why:       directbanking.com is a member of the Salem Five financial
           network and the online bank for 145-year-old Salem Five
           Cents Savings Bank. Salem Five Cents Savings Bank, prides
           itself in its rich history of being an early adopter of
           technology, and was the first bank in New England to start
           on online presence with directbanking.com five years ago.

For more information or to schedule an interview, contact:

Salem Five Cents Savings Bank        Agnew Carter/MS&L
Bjarni Brown                         Stefan Spazek/Brian Russell Crisp
978/720-5338                         617/437-7722
bjb@salemfive.com                    sspazek@ac-mslpr.com
                                     bcrisp@ac-mslpr.com
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Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 11, 2000
Words:234
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