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For Immediate Release
March 28, 2001

Contact:
E-mail: beryl@wolfenews.com

Beryl Wolfe
(207) 775-5115

Web Site: http://www.tdbank.com/

Peoples to Award $25,000 in Scholarships to 10 Maine High School Seniors

Part of the bank's "Peoples Promise" program

High school seniors headed to college this fall may now apply online for scholarships awarded each year by Peoples Heritage Bank as part of the bank's nationally recognized Peoples Promise program created to help Maine youth.

Scholarships of $2,500 will be awarded to 10 Maine high school seniors from throughout the state. Now in its third year, the scholarship program is designed to reward Maine students from low- to moderate-income households for academic excellence and help offset their higher education costs.

"We are committed to expanding the opportunities available to Maine youth by assisting them with the ever-increasing cost of education," said Michael W. McNamara, president and CEO of Peoples Heritage Bank. "With this scholarship program, we hope to make a difference in the lives of young people in our state. It's another way to give back to the communities we serve."

Awards are based on financial need, academic achievement, involvement in school activities, community volunteer activity, work experience, and a required essay. The application deadline has been extended to April 18. Scholarship recipients will be announced in May.

Scholarship applications are available online at the web site of the MES Foundation, a not-for-profit organization which is administering the scholarship program for Peoples. The 10 $2,500 scholarships will be awarded to graduating high school seniors who will enroll in a post-secondary institution. Also, the recipients are offered a three-month paid internship position with Peoples after their first year of post-secondary education.

For more information or to obtain an application, go to http://www.mesfoundation.com, or call the MES Foundation at 1-800-922-6352, ext. 641.

When the program was launched in January of 1999, Peoples committed $250,000 in scholarships over a 10-year period as part of Peoples Promise. The program, which has been recognized nationally by the America's Promise Program as a significant "promise-maker," also includes a school outreach program whereby Peoples employees volunteer in classrooms throughout the year to teach sixth graders about economic concepts.

Also part of the bank's initiative is the annual Groundhog Job Shadow Day, held last month, organized by Junior Achievement and sponsored in the Greater Portland area by Peoples. The event allows middle-grade students to see what a real job is like.

Additionally, Peoples' charitable giving is focused on organizations providing support to children, including the YMCA, YWCA, Big Brothers Big Sisters, the March of Dimes and others. The annual Peoples Beach to Beacon 10K Road Race held in Cape Elizabeth also benefits a different children's charity each year. This year's race, which will be held on August 4, will benefit the Kids First Center, which helps children cope with divorce or separation. As the 2001 race beneficiary, the Kids First Center will receive $30,000.

Peoples Heritage Bank is a Maine-based bank with more than 60 branches throughout the state, four of which operate as Oxford Bank & Trust, a subsidiary of the bank. For additional information about Peoples, visit online at http://www.peoplesheritage.com.

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