Paul M. Provost has assumed the role of President of MillRiver Wealth Management (MillRiver) effective June 27, 2016. He was named Executive Vice President of MillRiver upon its formation in April 2015. MillRiver Wealth Management, along with Merrimack County Savings Bank (the Merrimack) and Meredith Village Savings Bank (MVSB), is a subsidiary of New Hampshire Mutual Bancorp (NHMB).
“Paul was instrumental in the creation of MillRiver,” said Sam Laverack, President and CEO for New Hampshire Mutual Bancorp. “Under his guidance, we have successfully combined the expertise and resources of the investment services arms of the Merrimack and MVSB, making it possible to provide expanded and more sophisticated wealth management and trust capabilities to our local communities.”
“This is a very exciting time in the evolution of MillRiver Wealth Management,” added Provost. “We plan to take every opportunity to fully explore new and appropriate prospects to ensure the continued growth of this important affiliate, which ultimately affords NHMB the ability to grow and meet our broader strategic plans and objectives.”
In 2013, the wealth management departments of Merrimack County Savings Bank (the Merrimack) and Meredith Village Savings Bank (MVSB) joined under Provost’s leadership. MillRiver Wealth Management officially became the third subsidiary of NHMB on April 1, 2015, combining the financial advisory divisions of both banks. Combining Wealth Management at the Merrimack with Investment Services of MVSB has offered clients better access to more staff, services and products, while providing greater operational efficiency.
Provost joined the Merrimack in 2002 as Senior Vice President, Financial Advisor and has led the wealth management services departments at Merrimack and MVSB since 2013. Prior to his work in community banking, Provost was in leadership positions with Putnam Investments, Citizens Investment Services and Fleet Investment Services. He is the current board chair for the Capital Region Board of the New Hampshire Charitable Foundation and a 2017 member of Leadership New Hampshire. Provost was also past chair of the board for Central New Hampshire Boys and Girls Club.
MillRiver Wealth Management offers trusted financial advice in the New England tradition of neighbors serving neighbors. With New Hampshire roots reaching 150 years, MillRiver combines the financial expertise and local insights of Merrimack County Savings Bank and Meredith Village Savings Bank, each with a legacy of trusted service dating back to the 1860s. Customized financial planning include solutions for investment management, retirement planning, financial planning and trust, estate and fiduciary services. For more information, please call 603.223.2710.
New Hampshire Mutual Bancorp (NHMB), a mutual holding company, was formed in 2013 when two New Hampshire-based community banks, Meredith Village Savings Bank and Merrimack County Savings Bank, formally affiliated – the first relationship of its kind in New Hampshire. This strategic partnership has positioned the Banks to leverage each other’s strengths as they work together to advance a shared vision of maintaining and enhancing their community banking standards and values. MillRiver Wealth Management joined as a third subsidiary of NHMB in 2015, combining the financial advisory divisions of MVSB and The Merrimack. NHMB combined assets total nearly $1.6 billion
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MillRiver Wealth Management is a trade name of MillRiver Trust Company. Brokerage services are offered through INFINEX INVESTMENTS, INC., Member FINRA/SIPC. Investment and insurance products are subject to investment risk, including the possible loss of value. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. Infinex and MillRiver Trust Company are not affiliated.