NUMBER SHARES IB COMMON STOCK CUSIP 462633 10 8 SEE REVERSE FOR CERTAIN DEFINITIONS IPSWICH BANCSHARES, INC. INCORPORATED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS THIS CERTIFIES THAT is the owner of FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, $.10 PAR VALUE PER SHARE, OF Ipswich Bancshares, Inc., transferable on the books of Ipswich Banshares, Inc. in person or by duly authorized attorney upon surrender of this certificate properly endorsed. This certificate and the shares of Common Stock represented hereby are issued and shall be held subject to the laws of the Commonwealth of Massachusetts and the Charter and By-Laws of Ipswich Bancshares, Inc. as now or hereafter amended. This certificate is not valid until countersigned and registered by the Transfer Agent and Registrar. WITNESS the facsimile seal of the company and the facsimile signatures of its duly authorized officers. Dated: COUNTERSIGNED AND REGISTERED: REGISTRAR AND TRANSFER COMPANY TRANSFER AGENT AND REGISTRAR AUTHORIZED SIGNATURE Ipswich Bancshares, Inc. /s/ Francis Kenney INCORPORATED /s/ David L. Grey - ------------------ ----------------- Francis Kenney 1999 David L. Grey Treasurer President and Chief MASSACHUSETTS Executive Officer IPSWICH BANCSHARES, INC. The Corporation is authorized to issue more than one class or series of stock. A copy of the preferences, powers qualifications and rights of each class and series will be furnished by the Corporation without charge to any shareholder upon written request. The following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian --------- --------- (Cust) (Minor) TEN ENT - as tenants by the entireties under Uniform Gifts to Minors JT TEN - as joint tenants with right ACT of survivorship and not as -------------------------- tenants in common (State) Additional abreviations may also be used though not in the above list. For value received, hereby sell, assign and transfer unto ----------------------- PLEASE INSERT SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE =================================== | | ===================================--------------------------------------------- - -------------------------------------------------------------------------------- PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - --------------------------------------------------------------------------SHARES represented by the within certificate, and do hereby irrevocably constitute and appoint - -------------------------------------------------------------------------------- Attorney to transfer the said stock on the books of the within-named Corporation with full power of substitution in the premises Dated, ----------------------------- ----------------------------------- NOTICE: The signature to this assignment must correspond with the name as written upon the face of the Certificate in every particular, without alteration or enlargement, or any change whatever.