As of Tuesday, May 4, the SBA announced that the funding for the Paycheck Protection Program Extension Act had been exhausted, and the PPP application portal will stop accepting applications for loans. Regrettably, we are unable to take any new PPP applications at this time. The SBA will not accept applications in progress or waiting for underwriting approval, and we will be contacting those businesses directly affected individually. We will hold the in-progress applications until the end of May if the situation changes and the SBA re-opens the program. If that should occur, we will notify applicants who had applications […]
Archives for 2021
MVSB Supports Huggins Hospital with Donation to Purchase Pulse Oximeters
We are pleased to support Huggins Hospital with a $2,000 donation to help the hospital purchase pulse oximeters to provide to community members with COVID-19 who are monitoring their illness at home. An early warning sign of declining condition due to COVID-19 is lowering of blood oxygen level, so equipping patients with a tool to monitor their oxygen levels at home can help help them manage symptoms remotely and also to know when it’s a time to seek in-person care. “MVSB is happy to do as much as we can to support the hospital’s initiatives to battle this deadly virus […]
Escape to the Great Outdoors for Less with Mutual Benefits
Mutual Benefits members can escape to the great outdoors for less this month! Now through May 31, purchase a National Parks Pass and receive 50% cash back with a submitted receipt. And before you head out for a trek, purchase gift cards at 25% off for Bass Pro Shops and REI to save on your gear! Limits apply. Visit mymutualbenefits.com to take advantage of these limited time offers. Meredith Village Savings Bank has selected Generations Gold, Inc. (GenGold®), a fully independent third party service provider, to provide travel and other discounted services on an exclusive basis to Mutual Benefits members. All […]
Annual Community Photo Contest is Here: Submit Your Favorite NH Photography thru May 31
We’ve partnered with our sister banks, Merrimack County Savings Bank (the Merrimack) and Savings Bank of Walpole to launch our annual community photo contest for 2021. Winning full color photographs will be featured on four websites: MVSB, Savings Bank of Walpole, New Hampshire Mutual Bancorp (NHMB) and NHTrust, as well as in desktop and wall versions of complimentary community calendars for all three community banks. Photos may also be selected for holiday cards and note cards. This will be the fourth year we will be accepting electronic submissions only. All eligible entries must be submitted electronically through a dedicated link […]
Restaurant Revitalization Fund Launches for Businesses In the Food Industry
We want to be sure you are aware of the new Small Business Administration (SBA) Restaurant Revitalization Fund (RRF). The RRF is essentially a grant and not a loan. The program is being run directly through the SBA. While the bank is not involved in the process, we want to be sure you were aware of this opportunity. Eligible entities who have experienced pandemic-related revenue loss include:Bakeries (onsite sales to the public comprise at least 33% of gross receipts) Bars, saloons, lounges, taverns Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts) Brewpubs, tasting […]
Lead Paint Abatement Lending Program for Commercial Mortgage Customers
We are proud to offer a Lead Paint Abatement (LPA) lending program for commercial mortgage customers. This new program is to support financing the costs of lead paint inspection, remediation and abatement in residential rental properties constructed before 1978 to achieve lead-safe status. Serious health risks associated with lead paint are widely recognized. In 2018, the State of New Hampshire adopted universal testing guidelines for all infants through the age of 2 years, and mandated requirements for the mitigation of lead paint hazards in rental apartments and child care facilities. MVSB wishes to contribute towards improving the health and safety […]
Angela Ferris Joins MVSB as Vice President, Commercial Lending
Angela M. Ferris has joined MVSB as Vice President, Commercial Lending. She is based out of the Portsmouth office located at 2839 Lafayette Rd. “Angela’s expertise and exceptional ability to build relationships with businesses and the Seacoast community is an incredible asset for our commercial lending team and the bank as a whole,” commented Dan Osetek, Vice President, Commercial Lending Team Leader for MVSB. “Her experience and keen local knowledge of the Seacoast area makes her a valuable team member and strengthens our commitment to provide commonsense banking solutions to local businesses. We are very excited to have Angela join […]
Fraudsters May Call. You Don’t Have to Answer.
Con-artists, fraudsters, scammers – whichever you prefer to call them – will play on your emotions, whether it is a scare tactic or playing on our goodwill, to get the information they need to conduct the next steps of their fraudulent scheme. A common scheme for fraudsters is to contact you stating that there has been an issue with your bank account. The fraudsters may even spoof the phone number they call to look like your bank or financial institution’s phone number. To divulge information from a victim, the fraudster will ask the customer to verify themselves by providing the […]
Paycheck Protection Program Application Deadline Extended to May 31
The Small Business Administration (SBA) is currently offering Paycheck Protection Program (PPP) loans via local banks through May 31st as part of the the Paycheck Protection Program Extension Act. This Act allows new loan applications to the program, originally set to expire on March 31, for two more months and give the SBA 30 additional days to process loan applications made by the new May 31 deadline.
Please Vote For Us ‘Best of Lakes Region’
It’s time for the annual “Best of the Lakes Region” voting. We would appreciate your vote! We have been nominated for best bank or credit union, best customer service and best home mortgage! It really is an honor just to be nominated, and we appreciate the community’s support. You can vote as often as once a day, per the rules set by the Laconia Daily Sun. If you’d like to share why you voted for us, or why you didn’t, please post a review on our Facebook page or complete a survey to let us know. Simply click here to […]
