News & Information
On the morning of Monday, December 2, 2013 The Nashua Bank, a division of Lake Sunapee Bank, celebrated the opening of its second banking office at 115 Daniel Webster Highway in Nashua. Several bank employees, as well as members of the City of Nashua gathered around to cut the official ribbon, marking the opening of their newest location.
The 2000-square-foot office includes a drive-up, and encompasses a new style of banking that incorporates an open environment instead of a traditional teller line. The branch utilizes bank specialists who are “relationship bankers,” allowing customers to visit one person for all their needs. In addition, the office offers free wifi. Be sure to stop by both Nashua branches throughout the month of January for free giveaways, product specials, and to enter for your chance to win an iPad air. While doing all this, be sure to have a complimentary cup of coffee!
When asked his thoughts on the new branch and what it means to the Nashua area, Frank Teas, Senior Vice President and Director of Banking Services, said, "I am thrilled with the opening of our second office in Nashua to help further our mission of providing relationship banking to businesses and individuals within the greater Nashua marketplace."
Gathered for the ribbon cutting are Frank Teas, SVP, Director of Banking Services; Mayor Donnalee Lozeau, Mayor of Nashua, Amanda O’Leary, Branch Manager; Stephen R. Theroux, President and CEO of Lake Sunapee Bank; and Chris Williams, President and CEO for the Nashua Chamber of Commerce.
On October 25, 2013, Lake Sunapee Bank announced the completion of its acquisition of Randolph National Bank in Vermont. This transaction expands on Lake Sunapee Bank’s presence throughout the Central Vermont Region. With the addition of Randolph National Bank, Lake Sunapee Bank now has a network of 37 banking locations throughout Vermont and New Hampshire. In addition to its banking locations, the Bank operates three offices of McCrillis & Eldredge Insurance, Co. and six Charter Trust Company offices.
Randolph National Bank has had a long history of serving its communities for over 130 years, with 8 branches located in Randolph, Rochester, Royalton, South Royalton, Williamstown and Quechee, Vermont.
In commenting on the merger, Stephen R. Theroux, Lake Sunapee Bank President and CEO, says “We would like to extend a warm welcome to the customers and employees of Randolph National Bank. We are excited about this growth opportunity, which will enhance our presence in Vermont and further broaden and diversify the communities served by Lake Sunapee Bank.”
Since 1868, Lake Sunapee Bank has had a very similar history as Randolph National Bank. As a community bank established over generations and focused on customer service, Lake Sunapee Bank is committed to offering sound financial products and services to its customers in a community banking tradition.
Lake Sunapee Bank is pleased to announce Meghan Wilkie has joined the Bank as Vice President, Commercial Loan Officer. Mrs. Wilkie holds a Masters Degree in Business Administration from the University of New Hampshire and brings with her 10+ years of professional banking experience, most recently serving as Vice President, Commercial Lender at TD Bank in Concord, NH.
Mrs. Wilkie is currently a Member of the Granite State United Way Allocations Committee as well as a Member of the Leadership Greater Concord Program which fosters civic awareness in the community. She says, “I am thrilled to join the Lake Sunapee Bank team, where as a local banker I will be able to help our community grow and prosper. I look forward to providing relationship banking that focuses on the delivery of customized lending solutions to meet the needs of businesses, municipalities and institutions. Please stop in or call to see how we can help you.”
Mrs. Wilkie is a native of Sunapee and currently resides in Grantham, NH with her husband William.
Lake Sunapee Bank has completed the previously announced acquisition of Charter Trust Company. Charter Trust was formed in 1984 as a New Hampshire-chartered non-depository Trust Company and is regulated by the State of New Hampshire Department of Banking. Lake Sunapee Bank was one of the six original owners of the company and now is the sole owner of Charter Trust. The acquisition creates a financial services company that is unique in the state of New Hampshire.
Headquartered in Concord, New Hampshire, Charter Trust also has offices in New London, Meredith, Peterborough, Hanover and Rochester. The company’s team of professional wealth advisors and investment managers work confidentially with individuals and families to create, manage and preserve wealth. Managing over $1.5 billion in client assets, the company acts as fiduciaries for clients in 43 states and 10 countries.
“Since our inception, Charter Trust has been focused on creating long lasting relationships with our clients,” said Steven Albrecht, President and Chief Executive Officer of Charter Trust Company. “We design strategies to help our clients build, protect and transfer wealth.”
For parent company Lake Sunapee Bank, full ownership of Charter Trust Company marks an important milestone in the Bank's plan to provide a fully comprehensive one-stop financial services company. As part of this plan, Lake Sunapee Bank also acquired a New Hampshire-based independent insurance agency, McCrillis & Eldredge Insurance, Inc. in 2011. With these strategic acquisitions, Lake Sunapee Bank can now offer financial leadership, products and services to customers at any stage of life.
“We have the kind of trusted relationships with our customers that only a community bank like ours can provide,” said Stephen R. Theroux, President and Chief Executive Officer of Lake Sunapee Bank. “We now have the capability of providing a full array of financial products and services at a high level of expertise together with Charter Trust and McCrillis & Eldredge.”
All Lake Sunapee Bank offices will be closed on the following holidays:
|New Year's Day||Wednesday, January 1|
|Martin Luther King Day||Monday, January 20|
|Presidents' Day||Monday, February 17|
|Memorial Day||Monday, May 26|
|Independence Day||Friday, July 4|
|Labor Day||Monday, September 1|
|Columbus Day||Monday, October 13|
|Veterans' Day||Tuesday, November 11|
|Thanksgiving Day||Thursday, November 27|
|Christmas Day||Thursday, December 25|