Exhibit 99.2

News Release

Contact:

Joseph F. MacDonough
President and Chief Executive Officer
Westborough Financial Services, Inc.
(774) 760-1201
jmacdonough@westboroughbank.com

FOR IMMEDIATE RELEASE

July 25, 2007

                      WESTBOROUGH BANCORP, MHC CORPORATORS
                   APPROVE MERGER WITH ASSABET VALLEY BANCORP

             Voting Corporators Unanimously In Favor Of Transaction

      Westborough, Massachusetts July 25, 2007 -- Westborough Bancorp, MHC, the
mutual holding company parent of Westborough Financial Services, Inc. (OTC
Bulletin Board: WFSM.OB), announced today that the previously announced
agreement and plan of merger with Assabet Valley Bancorp was unanimously
approved by Westborough Bancorp, MHC corporators in attendance at the annual
meeting last evening. The corporator vote met the statutory requirement that at
least two-thirds of Westborough Bancorp, MHC's corporators approve the merger
agreement.

      Earlier yesterday, the merger agreement was approved by the shareholders
of Westborough Financial Services, Inc.

      As of this date, both the Federal Deposit Insurance Corporation and the
Board of Governors of the Federal Reserve System have approved the transactions
contemplated by the merger agreement. The Massachusetts Board of Bank
Incorporation hearing regarding the transaction is scheduled for later this
week.

      About Westborough Financial Services, Inc. Westborough Financial
Services, Inc. is the stock holding company parent of The Westborough Bank.
Westborough Bank has offices in Westborough, Northborough and Shrewsbury,
Massachusetts. It employs 75 people and has assets of approximately $296
million. Westborough Financial's common stock is traded on the OTC Bulletin
Board under the symbol "WFSM.OB." Additional information about Westborough
Financial and Westborough Bank can be found at www.westboroughbank.com.

Forward-looking Information

THIS PRESS RELEASE CONTAINS CERTAIN STATEMENTS THAT ARE FORWARD-LOOKING
STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933, AS
AMENDED, AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
RELIANCE SHOULD NOT BE PLACED ON FORWARD-LOOKING STATEMENTS BECAUSE THEY
INVOLVE UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH ARE, IN SOME
CASES, BEYOND THE CONTROL OF WESTBOROUGH FINANCIAL SERVICES, INC. ACTUAL
EVENTS, PERFORMANCE AND RESULTS COULD DIFFER MATERIALLY FROM THE ANTICIPATED
EVENT, PERFORMANCE OR RESULTS EXPRESSED OR IMPLIED IN SUCH FORWARD-LOOKING
STATEMENTS. THE FACTORS WHICH MAY CAUSE SUCH DIFFERENCES INCLUDE, AMONG OTHER
FACTORS, THE ABILITY OF THE PARTIES TO CONSUMMATE THE TRANSACTIONS CONTEMPLATED
BY THE AGREEMENT, CONDITIONS IMPOSED ON THE CONSUMMATION OF SUCH TRANSACTIONS
BY REGULATORY AGENCIES, THE COMPETITIVE ENVIRONMENT AND GENERAL ECONOMIC
CONDITIONS.