MANCHESTER, N.H. – St. Mary’s Bank, the nation’s first and oldest credit union, held its 100th annual members meeting last week, part of the year-long celebration of 100 years of credit unions.
"One of the things that we discovered during our 100th anniversary year – as we looked back upon the remarkable history of St. Mary’s Bank," said Ovid Lamontagne, chairman of the board, " is that among all of the financial institutions that were operating in Manchester at the turn of the last century, St. Mary’s Bank is the only one still in operation."
"That means through two world wars, the Great Depression, the bankruptcy of Amoskeag Manufacturing Company, and the economic disruptions over the late 80’s and early 90’s, St. Mary’s has always been here to support and serve our members."
St. Mary’s Bank ended 2008 with $652 million in assets.
