Pemigewasset National Bank in Berlin, N.H., has named president and chief operating officer Paul M. Ferguson as chief executive officer.

Mr. Ferguson succeeded Fletcher Adams, who resigned as CEO but remains chairman of the bank's board and vice chairman of its $411 million asset-holding company, Northway Financial Inc.

Mr. Ferguson joined the bank last year as executive vice president and chief operating officer. Earlier he was an executive vice president and chief credit officer at CFX Bank in Concord and Keene, N.H. Still earlier Mr. Ferguson was executive vice president of banking services at Concord Savings Bank.

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