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Sugar River Bank

News

Mark Pitkin is Elected to Head New Hampshire Bankers Association

 

CONCORD — The New Hampshire Bankers Assn. (NH Bankers) elected officers and directors for the coming fiscal year during its Annual Meeting held on June 22, 2018. The meeting was well attended, with more than 130 members of the New Hampshire Banking industry.

 NH Banker members voted to elect Mark Pitkin, President and CEO of Sugar River Bank, Newport, as Chairman of the Board for the coming year.

 “I am very honored and excited to serve the banking industry in NH,” said Pitkin.

 

NH Bankers Emerging Leaders Conference

 

Tara Booth (left), Vice President, Compliance Officer/Internal Audit Manager of Sugar River Bank, recently met Senator Shaheen at the NH Bankers Emerging Leaders Conference.

 

Sugar River Bank announces Newly Elected Corporators

 

Newport, NH – Sugar River Bank is pleased to announce the recent election of three new Corporators. 

At its 123rd annual meeting held on April 18th, in the Sugar River Bank Community Room, Jason “Jake” Stiles, Remi Hinxhia and Lynn Rodeschin were elected as Corporators of the Bank.

 Jake Stiles is the Chief Executive Officer at Stiles Associates in New London, NH.  He has been with Stiles Associates since 1995.  Mr. Stiles has also been an active member of numerous industry associations and boards including the National Association for Manufacturing Excellence. 

 Remi Hinxhia is a real estate developer and owner/manager of Associated Enterprises, Inc. and Remi Block, LLC, located in Concord, NH.   He is active in the community and a strong proponent of creating and maintaining a healthy and vibrant downtown in Concord. 

 Lynn Rodeschin is the Vice President of Deposit Operations at Sugar River Bank.  She has faithfully served the bank for nearly 40 years.  Ms. Rodeschin is very active in the community and serves as Treasurer of the Newport Area Salvation Army and Treasurer of the Friends of the Lempster, NH Meeting House.

 Mark Pitkin, President and CEO, stated “Sugar River Bank is honored to welcome these distinguished community leaders as Corporators of the Bank.  They are very excited to serve the depositors of the bank and their communities.” 


Sugar River Bank Offers Assistance to Homebuyers Through FHLB Boston Program


Newport, NH.  March 19th, 2018 — Sugar River Bank has been selected to participate in the Federal Home Loan Bank of Boston’s Equity Builder Program, which assists local homebuyers with down-payment and closing costs as well as homebuyer counseling and rehabilitation assistance.

The $3.1 million program provides grants to financial institutions to assist households at or below 80 percent of the area median income. Borrowers are eligible to receive up to $11,000 in assistance on a first come first serve basis. Buyers must also complete a homebuyer counseling program.

“We are pleased to be able to offer this assistance to help ease some of the challenges associated with a home purchase. Homeownership is key to building wealth and creating financial stability, and programs that assist homebuyers are a critical component in ensuring that our communities continue to thrive,” said Terri Crate, VP/Senior Retail Loan Officer, Sugar River Bank.

Sugar River Bank is eligible to receive up to $110,000 in 2018 through the Equity Builder Program depending on availability of funds.

Since 2003, the Equity Builder Program has awarded more than $35 million in EBP funds assisting 3,150 income-eligible households to purchase a home.

To learn more about applying for assistance, please contact Sugar River Bank at 800-562-3145.

 About FHLB Boston

The Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing finance in the six New England states. Its mission is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. The Bank also develops and delivers competitively priced financial products, services, and expertise that support housing finance, community development, and economic growth, including programs targeted to lower-income households.


Meet Our New Loan Originator and Branch Manager for Our New London Branch!



Meet Our New Grantham Branch Manager!




Sugar River Bank Announces New Intelligent ATM in Concord


Concord, NH – Sugar River Bank is pleased to announce the recent opening of its new Intelligent Deposit ATM in Concord, NH. The new ATM is located at 150 North Main Street in the newly renovated Remi block building.

Sugar River Bank currently has 6 branch locations in Newport, Concord, Warner, Sunapee, New London and Grantham. The state-of-the-art ATM is touch screen for easy use, allows the user to deposit multiple checks at once with check images upon receipt and bunched cash deposits without the need for an envelope. The addition of the stand-alone ATM is another step toward offering more locations and options for Sugar River Bank’s customers in Merrimack County.

Mark Pitkin, President and CEO, stated “The Bank is pleased to be a part of the Concord Community. The Remi block ATM offers a convenient location for our Concord customers and potential new customers to be able to stop and make deposits or withdrawals heading to and from work or home if they are unable to make a trip to our Loudon Road branch.”


Sunapee Business After Hours


Sunapee - In its newly renovated Sunapee branch, Sugar River Bank hosted the July 29 Lake Sunapee Region Chamber of Commerce (LSRCC) June Business After Hours.

Dozens of chamber members from the area gathered to network and see the renovations. LSRCC Board President, Rich Marshall kicked off the speaking portion of the meeting with an introduction of the Chamber’s new Executive Director, Kerry Pascetta. He elaborated on the variety of events and marketing opportunities for chamber members set for the summer before handing the floor over to Mark Pitkin, Bank President and CEO. Mr. Pitkin stressed the importance of local banking and the investment the organization has made in support of that objective.

Sugar River Bank gave away two generous door prizes consisting of gifts from local businesses, in addition to new “Sunapee” mugs for each attendee.

Lake Sunapee Region Chamber of Commerce decorated with balloons.

-Lake Sunapee Region Chamber of Commerce