LYCOS RETRIEVER
Mayflower: Mayflower Bank
built 605 days ago
MIDDLEBORO, Mass., Jan. 10 /PRNewswire-FirstCall/ -- Mayflower Bank (Nasdaq: MFLR) announced today that it has incurred a loss of approximately $233,000 net of taxes, resulting from the sale of an investment in a corporate bond issued by General Motors Corporation. This loss will be recorded during the Bank's third quarter ending January 31, 2006.
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Mayflower Bank was organized on May 1,1889 as a Massachusetts chartered co-operative bank. On December 23, 1987, the Bank converted to a public company and today continues to operate as a Massachusetts chartered co-operative bank in stock form.
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The presentation will be made to a gathering of business executives at The Mayflower Hotel in Washington. Hoffman will be joined by Michael Harreld, regional president of PNC Bank in the Greater Washington Area, and Barbara Lang, president and chief executive officer of The DC Chamber of Commerce.
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