Charles R. Simpson, Jr. elected director of The Hibernia Savings Bank of Quincy.

QUINCY, Mass.--(BUSINESS WIRE)--March 16, 1995--Charles R. Simpson, Jr. has been elected to the board of directors of The Hibernia Savings Bank, as announced today by Chairman of the board and Chief Executive Officer Mark A. Osborne.

Simpson is the former chairman and CEO of Quincy Savings Bank, which was acquired in January 1995 by Citizens Financial Group of Providence, R.I.

"We are delighted that Chuck Simpson has agreed to join the board of directors of The Hibernia Savings Bank. Chuck's experience and expertise as both a banker and a community leader in Quincy will serve as an invaluable resource to The Hibernia Savings Bank. It is not only a pleasure but also a privilege to welcome someone who can contribute as much as Chuck Simpson can to our company."

Widely recognized within the South Shore business community for his expertise in all areas of banking and extraordinary community leadership, Simpson began his career as a teller at Quincy Savings Bank in 1963. Spanning three decades of service to the bank, he assumed the position of treasurer in 1974 and was successively promoted to vice president and treasurer in 1976, executive vice president in 1979, president and COO in 1983, president and CEO/COO in 1990 and chairman and CEO in 1994.

Simpson stated that, "Until January of this year, I was associated with a savings bank that had a long history, was headquartered in Quincy, and served an area that my family and I have spent our entire lives involved with. I feel honored to be able to begin a new association with a financial institution that has a similar style."

Among his many civic and professional affiliations, Charles R. Simpson, Jr. is the chairman of the Quincy 2000 Corp., the immediate past chairman and a director of the South Shore Chamber of Commerce and a former director of the Massachusetts Bankers Association. He is the past president and a director of Kiwanis Club of Quincy and a member and former chairman of The Salvation Army Advisory Board. Other current and past community affiliations include Quincy Neighborhood Housing Services, Quincy Community Action Programs Inc., Beechwood Community Life Center, Hospice of the South Shore, Nazareth Family Center, and Impact Quincy.

In his capacity as director, Simpson will join the following members of The Hibernia Savings Bank board of directors, Martha M. Campbell, attorney at law; Thomas J. Carens, of counsel, Roche, Carens & DeGiacomo; Bernard J. Dwyer, attorney at law; Peter L. MacGuire, president, Management Information Services; Thomas P. Moore, Jr., sr. vice president, State Street Management and Research Co.; Douglas C. Purdy, attorney at law, Serafini, Purdy, DiNardo & Wells; Michael T. Putziger, attorney at law, Roche, Carens & DeGiacomo; Richard J. Murney, certified public accountant; John V. Murphy, chief operating officer, Concert Capital Management; William T. Novelline, president, Abbot Financial Management; Mark A. Osborne, chairman and CEO, The Hibernia Savings Bank; Paul D. Osborne, treasurer, Osborne Office Furniture; Richard P. Quincy, president, Quincy & Co.

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The Hibernia Savings Bank, founded in 1912, is a full service, state-chartered stock savings bank. The main office of the bank is located at 731 Hancock Street, Quincy, Mass. The bank's administrative offices are located at 730 Hancock Street, also in Quincy. Retail branch banking facilities are located in Boston, Quincy, Braintree and Weymouth, and loan centers in Quincy and Braintree. All deposits are insured in full by the Federal Deposit Insurance Corp. (FDIC)/Deposit Insurance Fund (DIF).

CONTACT: The Hibernia Savings Bank, Quincy

Gerard F. Linskey, 617/479-5001