We are proud to support the New Hampshire Community Loan Fund with the purchase of $10,000 in tax credits from the New Hampshire Community Development Finance Authority. The Community Loan Fund will use these funds to aid low- to moderate-income families in purchasing new and affordable energy efficient manufactured homes. “Safe, stable and affordable housing is the foundation for strong families and thriving communities,” said Katie McQuaid, Community Loan Fund SVP of Philanthropy & Community Engagement. “By helping families purchase modern, energy-efficient manufactured homes, we’re not only improving quality of life today, but also creating long-term financial security and sustainability. […]
Archives for 2025
Making Cents of It: What the End of Penny Production Means for You
The U.S. Mint and Federal Reserve has ended penny production, marking a historic shift in how Americans will handle cash transactions. While this change may raise questions or concerns, it’s designed to simplify currency management and reduce costs—without disrupting how people bank, shop, or save. We understand that this change will impact our local businesses and community members and we are already seeing the impacts to our availability to access pennies through the Federal Reserve. Because caring is at the heart of everything we do, we felt it was important to let you know what we are experiencing and how […]
MVSB Receives Award for Middle School Loan Program
We are proud to announce that the MVSB Middle School Loan Program was named a finalist in the ABA Foundation Community Commitment Awards! “The MVSB Middle School Business Program, which began in 1996, is a community-focused, financial-education initiative aimed at letting young students experience the real-world dynamics of business, finance and entrepreneurship. As part of the program, students form teams to brainstorm business ideas and develop them into comprehensive business plans. If a panel approves their plans, the teams are granted loans to kick-start their projects. Students secure and manage these loans, equipping them with practical business skills and other […]
FTC Warns: Scammers Impersonating Officials in New Wave of Phone Fraud
The Federal Trade Commission (FTC) is alerting consumers to a new wave of phone scams in which fraudsters impersonate FTC officials, including commissioners, to trick people into sharing personal information or sending money. According to a recent consumer alert, scammers are using spoofed phone numbers and official-sounding language to make their calls appear legitimate, often threatening legal action or promising financial rewards to pressure victims into compliance. The FTC emphasizes that its commissioners and staff will never call consumers to demand payment, ask for sensitive information, or threaten arrest. These tactics are classic signs of a scam, and the agency […]
Does Your Personality Make You a Target? New Insights Reveal Who’s Most Vulnerable to Scams
A recent Forbes article explores the intriguing link between personality traits and susceptibility to scams, shedding light on why some individuals are more likely to fall victim than others. According to research cited in the article, people who score high in traits such as agreeableness and openness may be more trusting and, as a result, more vulnerable to fraudulent schemes. Conversely, those who are naturally skeptical or cautious tend to be better at spotting red flags and avoiding scams. The article highlights that scammers often tailor their tactics to exploit specific personality characteristics. For example, highly agreeable individuals may respond […]
New Beginnings to Host Annual Gala Fundraiser Nov. 8
New Beginnings – Without Violence and Abuse is set to host their annual fundraising gala “A Night of New Beginnings” at 5 pm Nov. 8 at the Belknap Mill in Laconia. Longtime supporter, MVSB, will serve as the presenting sponsor. “Everyone in our community deserves a safe environment to thrive in and we are so grateful to New Beginnings for the vital work they do to bring security and comfort to those in crisis,” said Tina Simpson, MVSB Vice President Commercial Loan Officer and New Beginnings Board Member. “This event is one of their most important fundraisers to continue those […]
Gregg Tewksbury Elected to ABA Board of Directors
We are proud to announce Gregg Tewksbury has been elected to serve on the American Bankers Association Board of Directors. The official slate of officers and directors, including Tewksbury, were appointed to the board at the ABA’s annual meeting this week in Charlotte, NC. The ABA Board of Directors offers strategic guidance to effectively advocate for America’s banks and their customers. The Board oversees the association’s priorities, including federal advocacy, risk and compliance resources, payments modernization, financial inclusion, and talent development. As a director, Tewksbury will collaborate with peers from across the country to address emerging risks and opportunities—ranging from cybersecurity […]
MVSB Supports Home Possible Project’s Fundraising for New Community Residence
The New Hampshire Community Development Finance Authority recently awarded tax credits to The Home Possible Project, a Lakes Region nonprofit providing long-term supportive housing for adults with developmental disabilities. The organization is fundraising to build a new community residence in Gilford, which will feature 12 private individual apartments, a shared kitchen and dining room, family room and more. MVSB is proud to purchase $10,000 in tax credits to support their efforts. “We are grateful to MVSB for this generous donation, which brings us one step closer to building our flagship community residence for adults with developmental disabilities,” Lisa DiMartino, Board Chair, […]
FTC Warns: Online Information Sharing Fuels Surge in Illegal Telemarketing Calls
The Federal Trade Commission (FTC) is warning consumers about a surge in unwanted and unlawful telemarketing calls linked to the online sharing of personal information. Many people are unknowingly exposing themselves to aggressive telemarketing tactics by entering their details on websites that may sell or misuse their data. The FTC emphasizes that even seemingly legitimate online forms can lead to a flood of unsolicited calls, some of which may violate federal regulations. Telemarketers often purchase or obtain lists of phone numbers from online sources, targeting individuals who have filled out forms for sweepstakes, quotes, or other offers. In many cases, […]
Businesses Lose Up to 10% of Revenue to Fraud
A recent survey from TransUnion has revealed that businesses are losing a significant portion of their revenue to fraud, with some reporting losses as high as 10%. The findings highlight the growing threat of fraudulent activity in the corporate world, affecting companies of all sizes and industries. As digital transactions and online business operations expand, organizations are facing increasingly sophisticated schemes that target their financial assets. The survey, conducted among a diverse group of businesses, found that fraud is not only widespread but also costly. Many respondents indicated that they have experienced multiple types of fraud, including payment fraud, cyberattacks, […]
