News

Jason Hicks has assumed the role of Chief Financial Officer of New Hampshire Mutual Bancorp (NHMB), effective January 1, 2016. He succeeds Richard Wyman, who is now President of Meredith Village Savings Bank (MVSB). Hicks is responsible for the development of financial policies, strategic plans, business goals, asset and liability management, current and contingent liquidity management and investment strategies for the holding company and its subsidiaries: MVSB, Merrimack County Savings Bank (The Merrimack) and MillRiver Wealth Management. He also leads the management of the investment portfolios and treasury functions for the Banks and oversees the financial, tax and regulatory reporting […]

Richard E. Wyman has assumed the role of President of Meredith Village Savings Bank (MVSB) effective January 1, 2016. He succeeds Samuel Laverack, who is now sole President and CEO of New Hampshire Mutual Bancorp (NHMB), the holding company that formed in 2013 from the affiliation of MVSB and Merrimack County Savings Bank (The Merrimack). He was named Executive Vice President of NHMB upon its formation and will also continue in that role. Mr. Wyman has over 30 years of experience in senior leadership and has served as an Executive Officer and CFO for several Maine-based banks, ranging from local […]

We have received reports of area consumers and businesses receiving fraudulent phone calls from scammers claiming to be employees of Intuit and Microsoft. Upon answering the call, the scammer informs the victim that he/she is owed a refund for discontinued services and, in order to process the refund, the scammer needs to remotely access the computer. Once connected, the scammer asks the customer for access to his/her online banking. After the online banking credentials are provided, the scammer transfers funds between the victim’s accounts. Once the funds have been moved, the scammer claims that an error occurred and that too much money was deposited. The scammer then ask the victim for his/her […]

HOMEteam, a homeownership education and counseling services collaborative amongst NeighborWorks® Southern New Hampshire, CATCH Neighborhood Housing and Laconia Area Community Land Trust, has announced the availability of a free home buyer seminar in Laconia on Saturday, February 6. HOMEteam’s home buyer seminars are designed to help prospective home buyers learn and understand the responsibilities associated with purchasing a home and homeownership. Topics covered during the seminar include:How and where to start in the complicated home buying process. Major steps to buying a home. Are you ready to purchase a home? How to establish a budget and improve your credit. How […]

The MVSB Fund at the New Hampshire Charitable Foundation has awarded $113,400 to area nonprofits. The Charitable Fund contributions include 25 grants, totaling $99,400, to assist agencies with their individual needs. The remaining $14,000 will be disbursed to area food pantries.  These grants are in addition to the Bank’s many local contributions in the form of sponsorships, donations and scholarships, as well as the extraordinary volunteer efforts of its employees. “Community support has always been a central part of our mission,” said Rick Wyman, President of Meredith Village Savings Bank and Charitable Fund Trustee,  “and we’re very proud to be […]

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 […]