Bank of New Hampshire Is Proud To Announce Its Acquisition of Community Guaranty Savings Bank
Laconia, New Hampshire – May 6, 2016 – Bank of New Hampshire and its parent company, BNH Financial, proudly announce that they have completed the acquisition of Plymouth, New Hampshire based Community Guaranty Savings Bank and its parent company Community Guaranty Corporation. This community banking merger creates a $1.3 billion institution serving more than 47,000 consumers and businesses throughout the state.
The cash transaction is valued at approximately $12.9 million, or $65.10 per share of Community Guaranty Corporation common stock.
“Community Guaranty Savings Bank has provided outstanding service to its customers and communities over the past 28 years and we look forward to building upon these relationships,” said K. Mark Primeau, President & CEO for Bank of New Hampshire. “Community Guaranty Savings Bank customers now have access to wealth management services, an extensive online banking platform and an increased office and ATM network.”
Bank of New Hampshire welcomes over 9,500 Community Guaranty Savings Bank customer accounts as a result of the merger. The combined organization now has 23 retail banking offices and 31 ATMs across New Hampshire with the new addition of downtown Plymouth and Campton.
Sandler O'Neill + Partners, LP acted as financial advisor to BNH Financial and Bank of New Hampshire and Nutter, McClennen and Fish LLP served as their legal counsel. FIG Partners acted as financial advisor to Community Guaranty Corporation and Community Guaranty Savings Bank and Cranmore, FitzGerald and Meaney served as their legal counsel.
Bank of New Hampshire, founded in 1831, provides deposit, lending and wealth management products and services to families and businesses across New Hampshire. With 23 banking offices throughout New Hampshire and assets exceeding $1.3 billion, Bank of New Hampshire is the oldest and one of the largest independent banks in the state. Bank of New Hampshire is a mutual organization, focused on the success of the bank’s customers, communities and employees, rather than stockholders. For more information, call 1-800-832-0912 or visit www.BankNH.com.
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1-800-832-0912 · www.BankNH.com
Tiffany BaertPublic Relations Officer