Written agreement with Butler Bancorp, MHC and Butler Bancorp, Inc.

The following press release was published by the Board of Governors of the Federal Reserve System on Nov. 9, 2009. It is reproduced in full below.

The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Butler Bancorp, MHC and Butler Bancorp, Inc., registered bank holding companies, both of Lowell, Massachusetts, and the Federal Reserve Bank of Boston.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System