Samuel L. Laverack has assumed the position of sole President and CEO of New Hampshire Mutual Bancorp (NHMB), the holding company for MVSB, Merrimack County Savings Bank (the Merrimack) and MillRiver Wealth Management (MillRiver), effective January 1, 2016. He previously has shared the role with Paul C. Rizzi, Jr. since 2013. Rizzi has retired as co-CEO of NHMB and President and CEO of Merrimack County Savings Bank. Rizzi will remain on the Board of Trustees for NHMB and the Board of Directors for the Merrimack.
In the 40 years since Laverack began his career with Meredith Village Savings Bank, the Bank has grown from $43 million in assets to over $750 million, and has expanded from two branch locations to 11 branches and a Seacoast loan production office. Laverack began his career as manager of MVSB’s Moultonborough office. Two years later, he moved to the Ashland office, which he managed for seven years before becoming a Commercial Loan Officer in 1985. He was promoted to Vice President/Loan Officer in 1994 and Executive Vice President in 1998. In 2008, he was promoted to President and CEO of MVSB, and added the co-CEO of NHMB responsibilities in 2013.
Laverack’s leadership was essential in 2013 when MVSB and The Merrimack affiliated under the mutual holding company, New Hampshire Mutual Bancorp – the first relationship of its kind in New Hampshire. While both Banks are strong performers, the partnership allows them to advance a shared vision of maintaining and enhancing community banking standards and values in an industry of increasing regulatory costs and challenges. This growing relationship has made way for the Banks to expand their service areas, increase lending capacity, mitigate growing regulatory and technology costs and offer more career opportunities to their employees. NHMB was chosen as Business NH Magazine’s 2015 Business of the Year for the Financial Services category. On April 1, 2015 MillRiver Wealth Management officially became a third subsidiary, combining the financial advisory divisions of MVSB and The Merrimack. New Hampshire Mutual Bancorp has assets totaling $1.5 billion.
Laverack has been active in the community throughout his career. He has chaired the Budget Committee for the Town of Holderness and served as Chair of the Trustee of Trust Funds, Vice-Chair of the town’s School Board, and Vice-Chair of the Board of Selectmen. He has also served on the boards for Speare Memorial Hospital, the New Hampshire Lakes Association, the Belknap County Economic Development Council, and the Lakes Region Charitable Association. Currently, Laverack serves on the Boards of Directors for Squam Lakes Conservation Society, White Mountain Economic Development Council, Greater Meredith Program and New Hampshire Bankers Association. A graduate of New England College, Laverack resides in Holderness, NH.
Richard E. Wyman, has been appointed President of Meredith Village Savings Bank effective January 1, 2016. Wyman served as EVP and CFO for MVSB prior to 2013.
About New Hampshire Mutual Bancorp
New Hampshire Mutual Bancorp was formed in 2013 when Merrimack County Savings Bank and Meredith Village Savings Bank affiliated under the mutual holding company – the first relationship of its kind in New Hampshire. While both banks are strong performers, the partnership allows them to advance a shared vision of maintaining and enhancing community banking standards and values in an industry of increasing regulatory costs and challenges. The affiliation has made way for the Banks to expand their service areas, increase lending capacity, mitigate growing regulatory and technology costs and offer more career opportunities to their employee base.