3.99% APR / 4.50% APR*

* 3.99% APR FOR THE FIRST 12 MONTHS!  AFTER THE FIRST 12 MONTHS, APR IS 4.50% (AS OF 5/1/08)

CHOICE HOME EQUITY LINE OF CREDIT

For a limited time, Mechanics Cooperative Bank is offering this special rate!
Use the money any way you want, any time you want.

CALL 508-884-2170 OR EMAIL US TO SET UP AN APPOINTMENT.

Olga Andrade, 75 County Street, Taunton
e-mail: oandrade@mechanics-coop.com

Diane Aguiar, 308 Bay Street, Taunton
e-mail: daguiar@mechanics-coop.com

*After the twelve month introductory period, our Choice Home Equity Line of Credit has a variable rate of interest equal to the Prime Rate as published in the Wall Street Journal  less 0.50%. The variable interest rate may increase after loan consummation. As of 5/1/08, the Prime Rate was 5.00%. The Annual Percentage Rate (APR) was 4.50%. The maximum APR which can be charged is 18%. Available for owner-occupied, one- to two-family houses in Massachusetts. All fees are waived for conforming new loans only.  There is an early closure fee of $795.00 if the loan is closed within three (3) years. Annual Maintenance Fee of $25.00 after the first year. Rates subject to change without notice. An appraisal may be required. Payment examples: Interest plus .05% of principal balance for $25,000 at 3.99% is $97.22. Interest plus .05% of principal balance for $25,000 at 4.50% is $108.05. Customer must have a Mechanics Co/operative Bank Checking Account for the purpose of automatic payment.  Minimum credit line is $25,000. Loan-to-value of 75% or less. Property Insurance required.