Our sister banks, Meredith Village Savings Bank & Merrimack County Savings Bank
For nearly 150 years, Meredith Village Savings Bank (MVSB) has been serving the people, businesses, non-profits and municipalities of Central NH. Since 1867, Merrimack County Savings Bank (the Merrimack) has been serving the people, businesses, non-profits, and municipalities of the greater Concord and Nashua.
In January of 2013, they finalized a formal alliance as partners in the newly formed holding company, New Hampshire Mutual Bancorp.
Samuel L. Laverack, President and CEO of Meredith Village Savings Bank, and Paul C. Rizzi, Jr., President and CEO of Merrimack County Savings Bank, served as co-CEOs of New Hampshire Mutual Bancorp, the first multi-bank mutual holding company in the state, until Rizzi’s retirement in 2015. As part of the alliance, each affiliate bank has retained its name and state charter, and each bank’s board of directors and senior management continues to oversee the operations of their respective banks.
Both organizations share a common goal to build a vigorous alliance between the two well-capitalized, healthy, independent community banks. This alliance enhances each bank’s ability to better serve its customers and communities and to maintain each bank’s status as a sound, stable, independent institution as the banking industry faces new challenges and continues to consolidate in an era of rapidly expanding technology and regulatory pressures.
The management and board of directors of each institution are committed to maintaining each bank’s status as an independent community bank and its mutual form of ownership. Both banks share a firm belief that a mutual form of ownership clearly serves bank customers and communities best. A mutual holding company has no stockholders, which allows it to invest its profits more conservatively for long-term sustainability and sound growth. In addition, decision-making can be based on the longer-term benefits to the community, customers, and employees as opposed to the immediate needs of stockholders and the market.
Through the holding company, the two affiliate banks are in a position to optimize the strengths and competitive advantages of each organization and to grow market share in their distinctive markets. With combined resources, the overall company will better position each affiliate bank to serve its customers with significantly greater loan capacity and leading-edge products and services and to implement enhanced technology-based delivery systems.
Infinex is a leading provider of investment, insurance, and wealth management products and services to financial institutions and their customers. The firm, headquartered in Meriden, CT, has a unique history of being formed by banks, owned by banks, and focused on providing service to financial institutions.
Infinex Financial Group is an independent, full-service broker dealer that prides itself on an unwavering commitment to serve the interests of their partners, such as MillRiver Wealth Management. MillRiver Wealth Management and their predecessor, Merrimack County Savings Bank Wealth Management have partnered with Infinex, to the benefit of our mutual clients, for fifteen years.
FCI Advisors has dozens of investment professionals that understand how to manage multiple investment strategies in a fiduciary environment. FCI Advisors core business focus is to provide investment management, sub-advisory services to community banks across America and in total, FCI Advisors manage $6.6 billion.
Working at the direction of your local advisor at MillRiver Wealth Management, FCI provides sub-advisory services, including security analysis and selection, asset allocation modeling, and portfolio construction and rebalancing. Working in partnership, MillRiver staff and FCI staff create investment solutions that are personalized to address the unique circumstances and goals of each of our clients.
Truebridge Financial Answer Center
MillRiver partners with Truebridge to offer hundreds of articles and guides about important and topical personal financial matters, organized in a way that is easy for you to review it – in a way that is dynamically delivered so you can access it when you need it most.
|Not FDIC Insured||Not Bank Guaranteed||May Lose Value|
|Not a Bank Deposit||Not Insured by Any Federal Government Agency|
Meeting with MillRiver Wealth Management Team is without obligation or cost.
MillRiver Wealth Management is a trade name of MillRiver Trust Company. Brokerage services are offered through INFINEX INVESTMENTS, INC., Member FINRA/SIPC. Investment and insurance products are subject to investment risk, including the possible loss of value. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. Infinex and MillRiver Trust Company are not affiliated.