Corporate Profile for Atlantic Bank and Trust Company, dated May 7, 1996.

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Published date:   May 3, 1996

Company name:     Atlantic Bank and Trust Company

Address:          200 State Street
                  Boston, MA 02109

Telephone No.:    617/330-8585

Chief Executive
 Officer:         Richard Wayne/ Nicholas Lazares

Chief Financial
 Officer:         John L. Champion

Investor & Public
 Relations
 Contact:         Kimberly A. Simpson, A.V.P.
 Business number: 617/330-8585
 Home number:     N/A

Trading symbol:   ATLB - Nasdaq

Industry:         banking

Market Makers:    Friedman, Billings & Ramsey Inc.

Company description: Established in 1988, Atlantic Bank and Trust Company, a Massachusetts trust company, is a commercial bank with its executive and main offices in downtown Boston and a branch in Chestnut Hill, Mass.

The bank focuses on selected business lines that include the acquisition of discounted commercial loans from private sector sellers and government agencies and the origination of various types of secured commercial loans, including premium-priced, specialty loans to provide short-term financing for investment and entrepreneurial activities, and loans guaranteed by the U.S. Small Business Administration and serviced by the bank. The bank funds the foregoing activities with deposits consisting primarily of certificates of deposit. The bank also offers retail deposit services, including checking and savings accounts, and related services to businesses and individuals through the nationwide banking networks.

At Dec. 31, 1995, Atlantic had total assets of $163.2 million, deposits of $149.1 million and shareholders' equity of $12.0 million. The bank's net income has increased from $681,000 in 1993 to $1.1 million in 1994 and $2.4 million in 1995. The bank's improving profitability has resulted largely from the bank's net interest income which totaled $9.2 million, $4.1 million and $2.7 million as of Dec. 31, 1995, 1994 and 1993, respectively, reflecting a net interest margin of 7.37 percent, 7.56 percent and 4.9 percent respectively for those periods.

CONTACT: Atlantic Bank and Trust Company

Kimberly Simpson, 617/330-8585