Danvers Bancorp, Inc.’s 2010 Annual Report

Danvers Bancorp, Inc. (the “Company”) (NASDAQ: DNBK), the holding company for Danversbank, today announced that it will provide a copy of its 2010 Annual Report on Form 10-K without charge, upon written request, to any registered or beneficial owner of common stock. Requests should be made in writing addressed to Michael W. McCurdy, Secretary, Danvers Bancorp, Inc., One Conant Street, Danvers, Massachusetts 01923. Additionally, our Annual Report can be obtained on our website, www.danversbank.com. The Securities and Exchange Commission also maintains a website at www.sec.gov that contains reports and other information regarding the Company.

About the Company

Danvers Bancorp, Inc., the holding company for Danversbank, is headquartered in Danvers, Massachusetts. The Company has grown to $2.9 billion in assets through acquisitions and internal growth, including de novo branching. We conduct business from our main office located at One Conant Street, Danvers, Massachusetts, and our 27 other branch offices located in Andover, Beverly, Boston, Cambridge, Chelsea, Danvers, Hamilton, Malden, Manchester, Middleton, Needham, Peabody, Reading, Revere, Salem, Saugus, Topsfield, Waltham, Wilmington and Woburn, Massachusetts. Our business consists primarily of making loans to our customers, including C&I loans, commercial real estate loans, owner-occupied residential mortgages and consumer loans and investing in a variety of investment securities. We fund these lending and investment activities with deposits from our customers, funds generated from operations and selected borrowings. We also provide wealth management and trust services, treasury management, debit and credit card products and online banking services. Additional information about the Company and its subsidiaries is available at www.danversbank.com.