CCBT Financial Companies, Inc. Pays Dividend.

Business Editors

HYANNIS, Mass.--(BUSINESS WIRE)--July 6, 2000

The CCBT Financial Companies, Inc. (NASDAQ symbol CCBT) Board of Directors today declared a quarterly dividend of 16 cents per share payable July 31, 2000 to stockholders of record at the close of business July 17, 2000. This is the same rate that was paid the previous quarter. CCBT Financial Companies, Inc. is the holding company for Cape Cod Bank and Trust Company, N.A. (CCB&T).

It was also reported that CCB&T, the Cape's leading financial company, has completed the purchase and conversion of former Fleet Bank branches in Falmouth and Wareham to CCB&T branches, according to Stephen B. Lawson, President & CEO.

"The conversion of the branches was implemented on schedule with minimum interruption to customer service," Lawson said, "and we are very pleased to welcome all of the former Fleet customers to Cape Cod Bank and Trust."

In Falmouth, CCB&T consolidated its branch at 763 Main Street with the newly acquired branch at 249 Worcester Court. The acquisition of the Wareham branch at 237 Main Street marks CCB&T's initial expansion into Plymouth County. CCB&T now has a network of 28 branches and 32 ATMs, more than any other institution serving the Cape marketplace.

In addition to its growing number of branches, CCB&T has broadened its product lines beyond just banking services, Lawson noted. He indicated that insurance was added to CCB&T's service offerings in June when the bank acquired 51% of the stock of Murray & MacDonald Insurance Services, Inc. of Falmouth.

Consistent with CCB&T's expansion, Lawson said "Our goal is to provide individuals and businesses with all of the financial services they need in one convenient location."

CCB&T is the Cape's largest financial institution with assets of $1.3 billion. A subsidiary of CCBT Financial Companies, Inc., it was recently recognized by the Boston Globe as the top performing bank in Massachusetts of all banks with more than $1 billion in assets.