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Bank of New Hampshire Holds Annual Meeting

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September 10, 2014
Bank of New Hampshire, the oldest and one of the largest independent banks 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, 2014.  K. Mark Primeau, President and CEO, reported that the bank’s assets now total a record $1.22 billion and deposits grew to $965.7 million. The bank continued to support thousands of New Hampshire families and businesses as the bank’s loan portfolio reached a record $818.9 million, which represents growth of 7% despite the slow economy.
 
Bank of New Hampshire remained strong with capital and reserves totaling over $135.2 million or 11% of total assets. The bank is committed to continue to operate the bank prudently so that all of our customers can rely on a safe and secure local bank for their financial needs.  In the past year, Bank of New Hampshire worked to enhance the products and services they offer including a new club for kids and teens, BeMobile Deposit and by opening a loan production office in Keene.
 
Primeau stated that the bank continued to focus on local communities. “As New Hampshire’s local bank, we invested more than $900,000 to over 300 local community non-profit and civic organizations throughout the state. We believe strongly in giving back to the communities we serve and our employees further demonstrate this dedication by contributing more than 10,000 hours of their time each year to a wide range of community activities. We pride ourselves on our promise to be the best bank for our customers, the best bank for our employees and the best community partner. We are committed to doing our part to help enhance New Hampshire as a whole to make our beautiful state a place for all to enjoy.”
 
At the meeting, the bank elected five new Corporators: Matthew Albuquerque, President - Next Step Bionics & Prosthetics, Inc.; David K. Bamford, Partner - Bamford, Dedopoulos and Regan Attorneys at Law;  Deborah DeScenza, Founder - Farmsteads of New England, Inc.; Mary B. DeVeau, President & CEO - Concord Regional Visiting Nurse Association and Christine L. Santaniello, Executive Director - Lakes Region Community Services.
 
Bank of New Hampshire, founded in 1831, provides deposit, lending and wealth management products and services to families and businesses throughout New Hampshire. With 21 banking offices throughout New Hampshire and assets exceeding $1 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.

 

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