FRAMINGHAM, MASSACHUSETTS, June, 2007 … Robert P. Lamprey, president and CEO of Framingham Co-operative Bank, has announced the promotion of Rachel Stewart of Milford to assistant vice president.

Stewart will continue with her current responsibilities, which include marketing, public relations and business development, as well as managing the Bank’s  active customer relationship program, Club Advantage. She is also administrative director of the Framingham Co-operative Bank Charitable Foundation.

Stewart joined Framingham Co-operative Bank in 1999, with more than two decades of banking experience. Her financial services background includes managing retirement accounts and SBLI Insurance sales, and she holds both Insurance and Long Term Care licenses. During her 13-year association with MetroWest Bank (now TD Banknorth), she managed the Bank’s retirement, insurance, and safe deposit departments and also its relationship banking program.

She is a summa cum laude graduate of Bridgewater State College and high honors graduate of the Banking School of Finance. Early in her career, she was a teacher in the Milford Public School system.

Stewart was a member of the Bankers’ Educational Forum, and has served twice as president of the Worcester Central Chapter and also as president of the state chapter. She has served four terms as president of the Massachusetts Retirement Consortium, and is a three-time president of the New England Safe Deposit Association (NESDA). She has also a member of the Board of ABA Bank Marketing - New England Chapter and currently serves as co-chair of membership.

Framingham Co-operative Bank is a state-chartered institution established in 1889. The Bank has full-service offices in Framingham at 828 Concord Street and One Lincoln Street and a Loan Center at 160 Cochituate Road, and offers online banking services at framinghambank.com. The Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and a member of the Share Insurance Fund (SIF).