BEVERLY NATIONAL CORPORATION ANNOUNCES COMPLETION OF REPURCHASE PLAN AND APPROVAL OF SECOND STOCK REPURCHASE PLAN

EXHIBIT 99.1

PRESS RELEASE DATED NOVEMBER 16, 2007

Beverly National Corporation Press Release

BEVERLY NATIONAL CORPORATION

ANNOUNCES COMPLETION OF REPURCHASE PLAN AND APPROVAL OF

SECOND STOCK REPURCHASE PLAN

(Beverly, MA) November 16, 2007—Don Fournier, President and Chief Executive Officer of Beverly National Corporation (the “Company”) and its subsidiary, Beverly National Bank (“Bank”), announced the Company’s completion of a stock repurchase plan announced in July and the approval by the Board of Directors of an additional repurchase plan to begin immediately.

The Company recently completed the purchase of 138,487 shares at an average price of $20.76. The purchases were completed through open market transactions from August 2, 2007 through November 15, 2007. The Company also announced that the Board of Directors has approved an additional stock repurchase plan in the amount of 131,678 shares, to be completed through open market transactions as considered appropriate by management. President Fournier commented, “We were able to complete our initial repurchas