Photo courtesy of Meredith Village Savings Bank
The latest grants, donations and promotions at New Hampshire institutions. To submit your institution’s news, email editorial@thewarrengroup.com.
Bar Harbor Bank & Trust
Bar Harbor Bank & Trust, based in Maine, said it’s hiring Todd Beacham as a senior vice president and its middle-market executive.
Beacham will lead Bar Harbor Bank & Trust’s middle-market commercial & industrial lending team’s efforts across northern New England.
He comes to the bank after 20 years at Bank of America, most recently managing a Portland-based, multi-state team of commercial bankers working across diverse industries.
Mascoma Bank
Lebanon-based Mascoma Bank announced it bought $9 million in New Markets Tax Credits to help finance the development of a Vermont affordable housing development.
The Shale Beach Condos will rise in Burlington’s Old North End neighborhood, and contain 30 permanently affordable condominiums for buyers making 80 percent of area median income.
Additional financing will come from an additional $11 million New Markets Tax Credits allocation. The project’s developer is Champlain Housing Trust Inc.
MVSB
Meredith Village Savings Bank announced the completion of a solar array on its Portsmouth and Rochester branch buildings.
The work is part of a company-wide sustainability push at New Hampshire Mutual Bancorp, the mutual bank holding company for MVSB, Merrimack County Savings Bank, the Savings Bank of Walpole and NHTrust.
Work will soon begin on additional solar installations in Laconia and the Seneca Ladd Building in Meredith, MVSB said.
The project contractor is ReVision Energy, which helped MVSB evaluate the bank’s properties for solar installation viability.
Rockland Trust
Rockland Trust, based in Boston’s southern suburbs but with a sizable presence in southeastern New Hampshire, said it’s given a major gift to support Manchester’s new Mark Stebbins Community Center.
The bank gave $50,000 to the community center, which is expected to open Sept. 9.
The Stebbins Center is being built in memory of former PROCON Chairman and CEO Mark Stebbins, who died unexpectedly in 2021. Stebbins was long a strong supporter of Manchester’s nonprofit community and of underprivileged children in New Hampshire.
The 20,000-square-foot facility will bring healthcare, youth programming, food access and family support services under one roof, with plans to serve more than 5,000 residents annually and create approximately 35 new jobs.
