Cohasset, August 16, 2006 – Paul Cosgrove, Assistant Vice President, Operations & Risk Officer at Pilgrim Bank, has returned to his bank duties after receiving a diploma from the National School of Banking of America’s Community Bankers.

Cosgrove was one of the 50 members of the Class of 2006 who took part in the July commencement ceremonies at Fairfield University in Fairfield, Connecticut.  Cosgrove has more than 18 years of experience in the retail banking industry, and has worked at Pilgrim Bank in Cohasset for more than four years.

“We were thrilled to have Paul complete this graduate-level program,” said Francis E. Campbell, Pilgrim Bank’s president and chief executive officer.  “We’re happy to support the continuing education of our management, and The National School of Banking offers an outstanding curriculum for professionals seeking to grow within and with the community banking industry.”

America’s Community Bankers is a national trade association committed to strengthening the competitive position of community banks.  In this age of mega-bank mergers, community banks like Pilgrim Bank play an important role in providing outstanding personal service and value to the customers they serve.

Founded in 1916, Pilgrim Bank is a mutually owned financial institution based in Cohasset.  Pilgrim Bank offers a complete range of deposit and lending products including free checking, online banking and bill pay, flexible mortgage and home equity programs, and commercial real estate loans.