Sugar River Bank announces New Branch Manager for Newport
Newport, NH – Sugar River Bank announces the promotion of Jolene Chappell to Branch Manager in Newport. She has served the Bank for 13 years, most recently as Assistant Branch Manager in Newport. Ms. Chappell is assuming the role from Leighann King who has recently been appointed as the Bank’s Training & Program Development Officer.
In her time with the Bank, Ms. Chappell has also served as the Assistant Branch Manager in Sunapee and as a Loan Originator. She has achieved her Supervisor Certificate through the American Bankers Association, is a Notary and Justice of the Peace, and serves as the Bank’s IRA specialist. Ms. Chappell previously served as Trustee of Trust Funds for the Town of Sunapee and resides in Sunapee with her husband and two children.
Mark Pitkin, President and CEO, stated that “the Bank appreciates Jolene’s dedication and commitment to its customers. She is very well-known in the community and is a great asset to our growing retail department.”
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.