New Hampshire Governor Christopher Sununu has appointed Richard (Rick) Wyman, President of Meredith Village Savings Bank (MVSB), to the board of directors for the NH Community Development Finance Authority (CDFA). The NH CDFA provides financial resources to nonprofits, community development organizations, counties, municipalities and for-profit businesses. These organizations, in partnership with the CDFA, create affordable housing, aid in the formation of new jobs and help retain existing employment for low and moderate income residents of NH.
Governed by an eleven-member board appointed by the governor for five year terms, the NH CDFA board consists of four representatives from community development organizations, two from small business, one from organized labor, one from employment and education, two from the private financial community and the Commissioner of the Department of Business and Economic Affairs or his/her designee. Founded in 1983, the NH CDFA administers nearly $25 million in funding resources, which includes a combination of state tax credits and federal Community Development Block Grant and Energy Reduction Funds in support of the development of vibrant and resilient communities.
“I feel very privileged to have been selected to serve on the NH CDFA board,” said Wyman. “I look forward to assisting the CDFA in their efforts to support affordable housing and economic development activities statewide. I’ve been working in the banking industry for over 30 years, and during that time, I’ve been directly involved in decisions and activities that helped benefit the needs of our community members with low to moderate incomes, fostering the economic health and well-being of our local communities. I look forward to applying that experience to my work with the CDFA.”
Wyman also serves as Executive Vice President of New Hampshire Mutual Bancorp (NHMB). New Hampshire Mutual Bancorp, 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. In July 2018, Savings Bank of Walpole joined as a fourth subsidiary.
Wyman was recently appointed to the Board for Federal Home Loan Bank of Boston (FHLBank Boston), after previously serving on its CFO Advisory Committee. Currently, he is on the boards for Granite United Way, the New England Automated Clearing House Association (NEACH) and Lakes Region Mental Health Center (formerly Genesis Behavioral Health) as a member of its Finance Committee. Previously, he served as Treasurer and Chair of the Finance committee for the Lakes Region Mental Health Center. He was also a member of the Lakes Region Advisory Board of the New Hampshire Charitable Foundation Board’s State Fiscal Policy Committee; the Board of Trustees for the Spaulding Youth Center; Laconia Main Street project; the Lakes Region United Way; and Board of Directors of the BelknapEDC. He is a graduate and past Board Member of Leadership Lakes Region, as well as a graduate of Leadership New Hampshire.