August 2008
FOR IMMEDIATE RELEASE
Contact: Dawn Foster, Marketing Communications Specialist
dfoster@centrixbank.com
(603) 647-4446

CENTRIX BANK COMMITS $5 MILLION FOR NEW HAMPSHIRE STUDENT LOANS Funds will be used to finance federal loan programs through NH Higher Education Loan Corporation

Bedford, New Hampshire (August 1, 2008) – Centrix Bank recently announced it committed $5 million towards student loan funding for eligible NH residents through the NH Higher Education Loan Corporation (NHHELCO). The funds will be used to finance federal student loans for the upcoming year for college-bound students and parents.

The recent surge in subprime loan delinquencies as well as diminishing investor confidence has had an adverse affect on the federally guaranteed student loan asset-backed securities market. Funds were desperately needed to help NHHELCO provide student loan financing for federal student loans. A total of approximately $55 million was pledged from the NH banking community to support this critical initiative.

“Centrix Bank is delighted to have been a force in assisting to lead the New Hampshire banking industry in this effort. Families face enough challenges with post secondary education issues; so becoming part of a solution to reduce the added difficulty to the funding requirement was an easy corporate decision for Centrix,” said Joseph B. Reilly, President/CEO.

Centrix Bank is providing resources directly to NHHELCO. Therefore, students looking for more information about applying for student loans should contact NHHELCO directly at 1-800-525-2577 or visit www.nhhelco.org.

The NH Higher Education Loan Corporation (NHHELCO) is part of the NHHEAF Network Organizations and New Hampshire’s leading provider of student loan financing. In 2007, NHHELCO provided a total of $184 million in funding through its federal Stafford Loan and Federal PLUS Loan programs to New Hampshire families. For more information about NHHELCO, visit www.nhheaf.org.

Business NH Magazine’s 2006 Business of the Year and 2007 NH’s 100 Top Public Companies, Centrix Bank is a full-service commercial bank offering highly personalized and responsive service to small to medium sized businesses and professionals, municipalities and not-for-profits. The Bank services customers throughout Southern New Hampshire from five full-service locations, one each in Bedford, Manchester, Milford, Portsmouth and Concord, with a loan production office in Dover. Centrix’s common shares are quoted on the OTC Bulletin Board (OTCBB:CXBT). For more about Centrix Bank, please explore this website or call (603) 647-4446.

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December 2006
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March 2006
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February 2006
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February 2006
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Wednesday, August 20, 2008