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Lease Agreement

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Title: Lease agreement
Date: 3/30/2005

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                                                                   Exhibit 10.14





                                November 5, 2003


Mr. John T. Coughlin

c/o PMC Realty Trust

239 Western Avenue

Essex, MA 01929


Dear Mr. Coughlin:


      Regarding our lease agreement for 8-10 Martin Street, Essex, MA 01929

(Branch Office), please accept this letter as notification of our intent to

extend the lease. According to paragraph I our lease for the first term expires

on May 31, 2004. This should be construed as fulfilling the six month

notification requirement. Should you have any questions, please free to contact






                                                  /s/ Don Gill


cc:    Dale McCalla

      John Doherty



                        [LETTERHEAD OF PMC REALTY TRUST]





WITNESSTH, that PMC Realty Trust (hereinafter referred to as LESSOR) does hereby

lease, demise and let unto The First National Bank of Ipswich (hereinafter

referred to as LESSEE) the following described premises which are located in the

building at 8-10 Martin Street, Essex, MA 01929 and the premises hereby leased

are located at Unit 2-3 approximately 3,000 square feet.


I.     The term of this Lease shall be for a period of five (5) years, commencing

      on June 1, 1999 and ending on May 31, 2004. LESSEE shall have three (3),

      five (5) year options to renew, with 180 days written notice prior to

      expiration date. Providing LESSEE is in good standing with all terms and

      conditions of this Lease.


II.    During the term of this Lease, the LESSEE covenants and agrees to pay the

      LESSOR as rental, without prior notice and demand, yearly rent of Forty

      Five Thousand Dollars, $45,000.00, payable in equal monthly installments

      of Three Thousand Seven Hundred Fifty Dollars, $3,750.00, in advance of

      the first day of each month for the month then ensuing, the first of said

      payments to be due and payable on the execution of Lease. All rental

      payments shall be made to the LESSOR at 239 Western Avenue, Essex,

      Massachusetts or such other place as the LESSOR may from time to time

      designate in writing.


III.   The LESSEE further agrees that it will pay any and all taxes assessed

      against said premises for machinery, equipment and personal property in

      the premises, whether the tax bill is issued in the name of the LESSOR or

      the LESSEE.


IV.    The LESSEE will pay for all water charges, electricity, and any other

      utilities or services used in the premises.


V.     The LESSOR will make all repairs to the exterior of the building in which

      the hereby demised premises are located and the LESSEE will make all

      interior repairs, improvements or alteration which might be necessary and

      required in order to conduct the business of the LESSEE in the premises.

       However, it is understood and agreed that any improvements or alterations

      that are desired by the LESSEE will be effected only after notice to and

      written permission from the LESSOR. LESSEE is responsible for replacement

      of light bulbs. LESSEE further agrees to pay LESSOR as additional rent all

      sums due for repairs made to the demised premises, replacing of glass

      windows, doors, partitions, electric wiring and electric lamps etc., the

      keeping waste drain pipes open and repairs and replacement of wash basins

      and plumbing and heating apparatus, which are necessitated by or caused by

      misuse or abuse by LESSEE, as well as, for cleaning up premises, if

      required, upon vacating. The same shall by paid by LESSEE upon

      presentation of bills therefore. Maintenance of HVAC equipment shall be

      the responsibility of the LESSEE.






VI.    In the event that during the term of the Lease herein mentioned any rule,

      regulation or law is adopted by any governmental agency requiring

      alterations, improvements, or additions to the premises then such

      alterations improvements or additions shall be made by LESSEE.


VII.   The LESSEE shall maintain with respect to the leased premises and the

      property of which the leased premises are a part, comprehensive public

      liability insurance in the amount of Five Hundred Thousand Dollars,

      $500,000.00, with property damage insurance in the limits of Fifty

       Thousand Dollars, $50,000.00, in responsible companies qualified to do

      business in Massachusetts and in good standing therein insuring the

      LESSOR, as well as, the LESSEE shall deposit with the LESSOR certificates

      for such insurance as or prior to the commencement of the term, and

      thereafter within thirty (30) days prior to the expiration of any such

      policies. All such insurance certificates shall provide that such policies

      shall not be canceled without at least ten (10) days prior written notice

      to each assured named therein. LESSEE will indemnify and hold LESSOR

      harmless, and LESSEE will also indemnify LESSOR for all costs and

      reasonable attorneys fees incurred by the LESSOR and necessitated by said

       claims, demand or actions.


VIII. A policy of insurance evidencing such coverage shall be made available for

      LESSOR'S inspection and approval, which approval shall not be unreasonably

      withheld by LESSOR; such inspection to be made during the LESSEE'S normal

      business hours at the premises or at any other reasonable location by the



IX.    The LESSOR will remove all snow and ice accumulation from the sidewalks

      adjacent to the premises hereby leased and will defend and save the LESSEE

      harmless from any claims for injury to persons or damage to property

      arising out of a claim for snow and ice being on the sidewalks adjacent to

      the leased premises.


X.     The LESSEE will save the LESSOR harmless from all loss and damage

      occasioned by the use or escape of water upon said premises by bursting of

      pipes from any nuisance made or suffered on the premises, if said damage

      is occasioned by the LESSEE'S negligence.






XI.    The LESSEE shall not overload or damage the said premises nor carry on any

      business which shall be deemed to constitute a nuisance or be unlawful,

      improper or contrary to any law of the Commonwealth of Massachusetts or

      any by-law of the Town or Essex or do any act which may make void or

      voidable any insurance, in the premises or building against fire. If

      because of the said premises, the LESSOR should be assessed any increase

      or extra insurance premiums payable for any insurance which is the result

      of a use of the premises by the LESSEE, then the LESSEE will pay such

      additional premium or cost of insurance. LESSEE agrees to reimburse LESSOR

      for said portions of said insurance premium, or premiums within (60) days

      of notice of said portion being furnished to LESSEE by LESSOR in writing

      each year.


XII.   Signage. LESSEE may use building and park director

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