Northeast Credit Union CEO to retire this summer
Timothy Collia will step down from the Portsmouth, N.H.-based institution later this year. A search for his successor is already underway. ]] ... Read full article
News Topic: New Hampshire
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Search begins for New Hampshire Federal Credit Union's next CEO
Longtime leader John Young plans to retire at the end of 2021, and the credit union has hired Humanidei to find a replacement. ... Read full article
NEFCU adds 14 counties to field of membership
The Vermont-based credit union received the OK from federal regulators to add 650,000 potential members to its FOM, an increase of 15%. ... Read full article
FDIC approves application for proposed N.H. de novo
Millyard Bank is on a course to open by the end of this year. ... Read full article
Group applies with FDIC to open bank in New Hampshire
Millyard Bank aims to become the state's second post-crisis de novo. Primary Bank opened in 2015. ... Read full article
Cambridge snags first N.H. branches with Optima acquisition
The Massachusetts bank has offered wealth management services in the state for several years. ... Read full article
Why bank M&A has been so quiet in the Northeast
Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis. ... Read full article
New Hampshire mutuals pooling resources, addressing CEO succession
Savings Bank of Walpole and New Hampshire Mutual Bancorp believe merging help them preserve a banking model that has faced pressure in recent years. The CEO at Savings Bank will also replace New Hampshire Mutual's retiring leader. ... Read full article
Bangor Bancorp in Maine to expand in N.H. with $45M acquisition
The mutual, which agreed to buy First Colebrook Bancorp, had recently opened a limited-service branch in Portsmouth, N.H. ... Read full article