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New Hampshire Mutual Bancorp in Concord will promote two executives to the position of president of its bank units after the retirement of Chief Executive Paul Rizzi.
August 12 -
Biddeford Savings Bank and Mechanics Savings Bank will form a holding company to help each cut costs and make bigger loans. But the thrifts are hoping to keep their own charters, and independence, over the long term.
February 17 -
New Hampshire Thrift Bancshares in Newport has raised $17 million by issuing subordinated debt to certain investors.
October 29
Claremont Savings Bank in New Hampshire has found a successor to Chief Executive Sherwood Moody.
The $365 million-asset mutual thrift has appointed David Birkins to the position of chief operating officer. He is expected to succeed Moody as CEO upon Moody's retirement in April.
Birkins previously was chief financial officer and chief operating officer at SmartPay Solutions in Southington, Conn., according to his LinkedIn profile.
Birkins also previously served as chief financial officer at the $2.2 billion-asset Union Savings Bank, a mutual thrift in Danbury, Conn. He also worked as chief financial officer at North American Bank & Trust in Waterbury, Conn., which was acquired by Webster Financial in Waterbury.
"We have a high quality, experienced management team and I have no doubt that David will enhance this leadership group," Moody said in news release.
Moody joined Claremont in 1996 and started its commercial lending department in 2006. He previously worked for the Farm Credit System in Baltimore. Moody will remain a corporator and member of the board of trustees at Claremont after his retirement as CEO.
Claremont was founded in 1907 and operates six branches in Claremont, Charlestown and Cornish Flat, N.H.; and Springfield, Vermont.
