Bank of New Hampshire Holds 189th Annual Meeting
Laconia, NH – August 31, 2020 – Bank of New Hampshire, the oldest and largest independent bank in New Hampshire, recently held its annual meeting of Corporators and reported solid growth in deposits, loans and capital for the year ending June 30, 2020. Michael J. Long, President and CEO, reported that the bank’s assets now total a record $2.0 billion and deposits grew to $1.6 billion. The bank continued to support thousands of New Hampshire families and businesses as the bank’s loan portfolio reached a record $1.6 billion, which represents growth of 13%.
Bank of New Hampshire remained strong with capital and reserves totaling over $194.8 million or 10% of total assets. As it has since 1831, the bank remains steadfast in its commitment to mutuality and independence. In the past year, Bank of New Hampshire worked to enhance the products and services offered by making everyday banking more convenient and accessible. Offerings such as mobile banking and Pay A Friend capabilities have been enhanced to keep up with ever evolving advances in electronic banking.
Long was also enthusiastic about the bank’s continued focus on local communities and growth of customers, employees, and the bank itself. “We’re grateful to have been able to invest in our local community non-profits and civic organizations throughout the state with donations to over 400 entities. Giving back to the communities we live, work, and serve in is paramount to who we are as a bank. Our employees hold this value near and dear as well; together, they contributed more than 10,000 hours of their time to volunteering. Our promise to our employees, customers, and communities has always been, and will always be, to be the best place to work, best place to bank, and best community partner that we can be.”
The meeting also highlighted the bank’s notable recognition received over the past year. Bank of New Hampshire was voted Best Local Bank for Small Business in New Hampshire Business Review’s Best of Business Awards and received the Gold title for Best Bank in the Services Category in the Union Leader’s Readers’ Choice Awards. Additionally, the bank received three Gold awards from the Laconia Daily Sun’s Best of the Lakes Region annual program including Best Bank, Best Customer Service, Best Place to Work, and a Silver award for Best Financial Advisor/Planner. Most notably, Bank of New Hampshire was named Bank of the Decade by Business NH Magazine in their Business of the Decade edition.
Two new Board Directors, Benoit L. Lamontagne, State of New Hampshire Dept. of Business & Economic Development, and Charles F. Rolecek, Owner - CR’s Restaurants, were introduced. Five new Corporators were also introduced: Allison Ambrose, Attorney - Wescott Law; Susan Burpee, Burpee Family Chiropractic; Rosemary Heard, President & CEO - CATCH Neighborhood Housing, Alliance Asset Management; Kaitlin O’Neil, Attorney - Normandin, Cheney & O’Neil; and Andrew Pike, Vice President - Opechee Construction.
“As we continue to stand strong and support our employees, customers, and communities amidst the challenges of 2020, we are extremely optimistic and eager for what the coming year - and every year after that - will bring to Bank of New Hampshire,” Long added.
Bank of New Hampshire, founded in 1831, provides deposit, lending and wealth management products and services to families and businesses throughout New Hampshire. With 23 banking offices throughout New Hampshire and assets of $2 billion, Bank of New Hampshire is the oldest and largest independent bank 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.
Tiffany BaertVice President - Marketing Officer