Samuel L. Laverack will assume the role of sole President and CEO of New Hampshire Mutual Bancorp (NHMB), the holding company for Meredith Village Savings Bank (MVSB), Merrimack County Savings Bank (the Merrimack) and MillRiver Wealth Management (MillRiver). He has shared that role with Paul C. Rizzi, Jr. since 2013. Rizzi has announced his retirement as President and CEO of Merrimack County Savings Bank and as co-President and CEO of NHMB effective January 1, 2016. Rizzi will remain on the Board of Trustees for NHMB and the Board of Directors for the Merrimack.
Laverack began his career with the Bank 39 years ago as Manager of MVSB’s Moultonborough office. Two years later, he moved to the Ashland office, which he managed for seven years before becoming a Loan Officer in 1985. He was promoted to Vice President/Loan Officer in 1994 and Executive Vice President in 1998. In 2008, he was promoted to President and CEO. During his time at MVSB the Bank has grown from $43 million to over $750 million in assets. The bank has expanded from two branches in 1976 to 11 branches and a Seacoast loan production office. A graduate of New England College, Laverack resides in Holderness, NH.
In addition to his responsibilities at MVSB, Laverack has been active in the community throughout his career. He has chaired the Budget Committee for the Town of Holderness and served as Chair of the Trustee of Trust Funds, Vice-Chair of the town’s School Board, and Vice-Chair of the Board of Selectmen. He has also served on the boards for Speare Memorial Hospital, the New Hampshire Lakes Association, the Belknap County Economic Development Council, and the Lakes Region Charitable Association. Currently Sam serves on the Boards of Directors for Squam Lakes Conservation Society, White Mountain Economic Development Council, Greater Meredith Program and New Hampshire Bankers Association.
Laverack’s leadership was essential in 2013 when the Merrimack and MVSB formally allied under a mutual holding company, New Hampshire Mutual Bancorp – the first relationship of its kind in New Hampshire. While both banks were strong performers, the partnership allows them to advance their shared vision of maintaining and enhancing their community banking standards and values in an industry of increasing regulatory costs and challenges. This growing relationship has made way for the Banks to expand their service areas, increase lending capacity, mitigate growing regulatory and technology costs and offer more career opportunities to their employee base. NHMB was chosen as Business NH Magazine’s 2015 Business of the Year for the Financial Services category. On April 1st of this year MillRiver Wealth Management officially became the third subsidiary of New Hampshire Mutual Bancorp. MillRiver combines the financial advisory divisions of The Merrimack and MVSB. The formation of this new subsidiary also expanded the delivery of Merrimack’s proprietary investment management and trust services to MVSB. New Hampshire Mutual Bancorp’s combined assets total nearly $1.5 billion.
Richard E. Wyman, current Executive Vice President and Chief Financial Officer for New Hampshire Mutual Bancorp, has been appointed President of Meredith Village Savings Bank effective January 1, 2016. Wyman served as EVP and CFO for MVSB prior to 2013. Before joining MVSB, Wyman served as an Executive Officer and CFO for several Maine-based banks and has over thirty years of experience in senior leadership as a Chief Financial Officer for banks ranging from local community mutual banks to a publicly traded multi-bank holding company.
Wyman’s past community involvement includes being Treasurer, Chair of the Finance committee, and Board member at Genesis Behavioral Health. He has also served on the CFO Advisory Committee for the Federal Home Loan Bank of Boston; Lakes Region Board of the New Hampshire Charitable Foundation Board and State Fiscal Policy Committee; the Board of Trustees for the Spaulding Youth Center; Laconia Main Street project; the Lakes Region United Way; Board of Directors of the Belknap County Economic Development Council and as a Laconia Middle School Soccer Coach. He is a graduate and past Board Member of Leadership Lakes Region, as well as a graduate of Leadership New Hampshire. He received his B.S.in Accounting from the University of Maine and is a graduate of the banking program at Tuck School of Business at Dartmouth College. Wyman resides in Laconia, NH.
Other Executive Moves
Philip B. Emma, currently Executive Vice President and COO, has been appointed President of Merrimack County Savings Bank and will continue his role as President of MillRiver Wealth Management. Jason Hicks, the current Senior Vice President Corporate Treasurer and Investment Officer at NHMB has been promoted to CFO. Cindy Hemeon-Plessner, current Senior Vice President/Marketing Officer of Meredith Village Savings Bank has been promoted to Senior Vice President/Marketing Officer for New Hampshire Mutual Bancorp.
