MillRiver Wealth Management
MillRiver Wealth Management officially joined Merrimack County Savings (the Merrimack) and Meredith Village Savings Bank (MVSB) as a third subsidiary of New Hampshire Mutual Bancorp on April 1, 2015. MillRiver combined the financial advisory divisions of the Merrimack and MVSB and expanded the delivery of the Merrimack’s proprietary investment management and trust services to MVSB.
The Wealth Management and Investment Services departments at Merrimack and MVSB had already joined under the leadership of Paul Provost, Senior Vice President, Investment Executive in 2013.
The name MillRiver was selected to honor the heritage, mills, and rivers that have powered economic growth in New Hampshire for generations. Offices are located in Concord and the Lakes Region, with services offered by appointment at all branches of the Merrimack and MVSB. To learn more about how MillRiver Wealth Management can help you plan for the future, please contact a member of the MillRiver Wealth Management Team.
|Not FDIC Insured||Not Bank Guaranteed||May Lose Value|
|Not a Bank Deposit||Not Insured by Any Federal Government Agency|
Meeting with MillRiver Wealth Management Team is without obligation or cost.
MillRiver Wealth Management is a trade name of MillRiver Trust Company. Brokerage services are offered through INFINEX INVESTMENTS, INC., Member FINRA/SIPC. Investment and insurance products are subject to investment risk, including the possible loss of value. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. Infinex and MillRiver Trust Company are not affiliated.
The sister banks, Meredith Village Savings Bank & Merrimack County Savings Bank
For nearly 150 years, Meredith Village Savings Bank (MVSB) has been serving the people, businesses, non-profits, and municipalities of Central NH. To learn more, visit any of the local branch offices located in Alton, Ashland, Center Harbor, Gilford, North Hampton, Laconia, Melvin Village, Meredith, Moultonborough, Plymouth, or Wolfeboro, call 800.922.6872 or visit mvsb.com.
Since 1867, Merrimack County Savings Bank (the Merrimack) has been serving the people, businesses, non-profits, and municipalities of the greater Concord and Nashua areas. To learn more, visit any of the local offices in Concord, Nashua, Bow, Contoocook, or Hooksett, call 800.541.0006 or visit themerrimack.com.
In January of 2013, the formal alliance as partners in the newly formed holding company, New Hampshire Mutual Bancorp, was finalized.
Samuel L. Laverack, President and CEO of Meredith Village Savings Bank, and Paul C. Rizzi, Jr., President and CEO of Merrimack County Savings Bank, served as co-CEOs of New Hampshire Mutual Bancorp, the first multi-bank mutual holding company in the state, until Rizzi’s retirement in 2015. As part of the alliance, each affiliate bank has retained its name and state charter, and each bank’s board of directors and senior management continues to oversee the operations of their respective banks.
Both organizations share a common goal to build a vigorous alliance between the two well-capitalized, healthy, independent community banks. This alliance enhances each bank’s ability to better serve its customers and communities and to maintain each bank’s status as a sound, stable, independent institution as the banking industry faces new challenges and continues to consolidate in an era of rapidly expanding technology and regulatory pressures.
The management and board of directors of each institution are committed to maintaining each bank’s status as an independent community bank and its mutual form of ownership. Both banks share a firm belief that a mutual form of ownership clearly serves bank customers and communities best. A mutual holding company has no stockholders, which allows it to invest its profits more conservatively for long-term sustainability and sound growth. In addition, decision-making can be based on the longer-term benefits to the community, customers, and employees, as opposed to the immediate needs of stockholders and the market.
Through the holding company, the two affiliate banks are in a position to optimize the strengths and competitive advantages of each organization and to grow market share in their distinctive markets. With combined resources, the overall company will better position each affiliate bank to serve its customers with significantly greater loan capacity and leading-edge products and services and to implement enhanced technology-based delivery systems.