Commonwealth National Bank Continues Profit and Asset Growth.

WORCESTER, Mass. -- First Quarter Assets Reach $212 Million; Sixth Consecutive Quarter of Profits

Commonwealth National Bank (Commonwealth) (OTCBB:CWEA) announced continued growth for the three months ending March 31, 2005, with assets now reaching $212 Million. This is the sixth consecutive quarter of profits for Commonwealth since turning profitable in late 2003. Total deposits have grown 26% in the past year.

For the quarter ending March 31, 2005, the bank recorded net income of $166,000, compared to $129,000 during the fourth quarter of 2004, an increase of $37,000 or 29%. Net income increased by $114,000 or 219%, compared to the net income of $52,000 recorded during the first quarter of 2004. Other highlights include:

--Assets grew to $211.6 million at March 31, 2005, a 29% increase in twelve months and a 6% increase since December 31, 2004.

--Earnings per share increased to $0.08 for the latest quarter compared to $0.02 for the first quarter of 2004.

--Loans grew by 6% during the most recent quarter and equaled $157.9 million on March 31, 2005, up 35% in a twelve month period.

--Total deposits reached $167.4 million at quarter-end, a 26% increase in one year, and a 7% growth since the end of 2004.

These results continue the trend of increasing assets and quarterly profits for Commonwealth, which opened for business in December of 2001.

Commonwealth President and CEO Charles Valade said, "Our bank continues to make terrific progress executing our business plan of consistent, steady and profitable growth through the development of a high quality loan portfolio and solid business relationships with our customers. Our new Northbridge branch is quickly matching the stellar performance of our other three branch locations, contributing significantly to our deposit growth and overall success. The banking environment continues to change, and we keep striving to offer customers a wide choice of banking options. Plans are underway for two additional branches this year, and we hope to continue that pace of expansion in the coming years in order to serve our rapidly expanding customer base."

About Commonwealth National Bank

Commonwealth National Bank was the first new bank to open in the Worcester area in more than 15 years. Opened in December 2001, Commonwealth offers customers a traditional banking experience with high levels of personalized service, including extended business hours and internet-banking options. Commonwealth has branches in Worcester at 33 Waldo Street and 1 West Boylston Street, 564 Main Street, Shrewsbury and 701 Church Street in Northbridge.

For more information about Commonwealth National Bank, including detailed financial information, please visit:www.commonwealthworcester.com

Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.