News

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 […]

The Barley House, a popular restaurant frequented by locals and tourists alike in downtown Concord, opened its second location on 43 Lafayette Road at the Lafayette Crossing Plaza in North Hampton, NH. With financing help provided by MVSB, Brian Shea, The Barley House owner, is confident the North Hampton site will be able to capitalize on the 15 years of success currently enjoyed by its flagship location. Shea worked closely with Gracie Cilley, Vice President and Commercial Loan Officer at MVSB, to purchase and remodel the North Hampton restaurant. Despite its need for restoration and renovation, Shea saw immediate potential. […]

We received reports of active card skimming at convenience store ATMs across the country, including several locations in Massachusetts. Skimming is the use of a device to illegally collect magnetic stripe information from credit, debit and ATM cards. The information collected is used by identity thieves to create counterfeit cards, which can be used to make fraudulent purchases or withdrawals. Most skimming incidents occur when a fraudster places a malicious card reading device over or near the actual card reader on a payment terminal such as an ATM, gas pump or vending machine. In some cases, the fraudster will also […]

MVSB has provided critical support to the Laconia Area Community Land Trust’s (LACLT) tax credit campaign to upgrade its properties by purchasing $50,000 in tax credits from the nonprofit. New Hampshire’s Community Development Finance Authority (CDFA) awarded LACLT $500,000 in tax credits to sell to businesses. Proceeds from the sales will be used to upgrade 60 units of LACLT’s permanently affordable rental housing. “We’re very proud to support the vital work the Land Trust does in the communities MVSB serves,” said Jason Hicks, CFO for Meredith Village Savings Bank and Chair of the Board of Trustees for Laconia Area Community Land […]

The Four Paws Inn provides cage-free doggie daycare and boarding services in Meredith.  They recently expanded their facility with financing provided by Meredith Village Savings Bank (MVSB). Cristy Martel and Danyelle McCormick, Co-Owners of the business, approached Daniel Osetek, Vice President Commercial Loan Officer for MVSB, earlier this year with their plans to expand an existing barn on their property to provide a larger indoor recreation space for the dogs.  Osetek collaborated with Vice President Loan Officer, Lori Borrin, to provide a complete financing package to not only help fund the project, but also establish a long term financing structure […]

With colder weather moving in and the holidays fast approaching, MVSB is continuing a tradition since 1979 of collecting donations from the community of mittens, hats and scarves to distribute to local residents through its annual Mitten Tree program. Beginning the day after Thanksgiving and continuing through December 19th, donations of handmade or purchased mittens, gloves, hats and scarves by area residents and customers can be dropped off at the nearest MVSB office. The donated gifts will be used to decorate the holiday tree in the lobby of each branch before being distributed to members of the community who need them. […]

MVSB customers with GenGold® Membership benefits can give themselves the gift of savings this year with valuable discounts at local and national retailers and restaurants. In addition to everyday discounts and benefits, GenGold® is offering 7 extra one-day only holiday discounts now through December 16th as part of their “Flurry of Savings” program!  Be sure to mark your calendars so that you don’t miss out on any of these one day only offers. Follow us on Facebook for discount-day reminders! To redeem any of the “Flurry of Savings” offers mentioned below, please contact GenGold® at 1-800-428-6686 or visit www.gengold.com. Not a GenGold® member yet? […]

Giving Tuesday is a movement to encourage a national day of giving at the beginning of the holiday season. MVSB is proud to support the nonprofit sector as they attempt to build similar social media momentum as online retailers have for Cyber Monday.  Giving Tuesday reminds us to embrace the spirit of the season by helping those less fortunate. For ideas on how you can give back to the community, visit our community involvement page for a list of local nonprofits the Bank and our employees have recently supported. If you’re interested in supporting community nonprofits working together to tackle […]

NeighborWorksâ Southern New Hampshire has received a $32,500 contribution from Meredith Village Savings Bank in support of homeownership educational and coaching services. The gift helps fund free seminars and services of HOMEteam, a collaboration between NeighborWorksâ Southern New Hampshire, Laconia Area Community Land Trust and CATCH Neighborhood Housing. New Hampshire residents use the information and tools provided by HOMEteam to make good financial decisions related to budgeting for, purchasing and maintaining a home. Through a series of free workshops, one-on-one counseling and other resources, first-time homebuyers learn to navigate the home buying process, manage home finances and prepare themselves to […]

Rising trends in fraud reflect a shift toward increasing reliance on the internet and mobile device technology for banking. Because of this, Meredith Village Savings Bank urges you to be proactive in securing electronic information and to report any unusual activity. Below are common types of fraud most popular in banking today. Use the questions following each fraud type as a checklist for keeping your identity and accounts safe. Social Engineering happens when customers are tricked into providing confidential information such as passwords or account numbers. It includes:Computer viruses. Phishing, the activity of defrauding an online account holder of sensitive information […]