Timothy Collia will step down from the Portsmouth, N.H.-based institution later this year. A search for his successor is already underway.
]]
Longtime leader John Young plans to retire at the end of 2021, and the credit union has hired Humanidei to find a replacement.
The Vermont-based credit union received the OK from federal regulators to add 650,000 potential members to its FOM, an increase of 15%.
Millyard Bank is on a course to open by the end of this year.
Millyard Bank aims to become the state's second post-crisis de novo. Primary Bank opened in 2015.
The Massachusetts bank has offered wealth management services in the state for several years.
Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.
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.
The mutual, which agreed to buy First Colebrook Bancorp, had recently opened a limited-service branch in Portsmouth, N.H.
