Meredith Village Savings Bank FDIC-insured - Backed by the full faith and credit of the U.S. Government
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Archives for 2020

MVSB Fund Grant Applications due October 15

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Local nonprofits who wish to apply for the Meredith Village Savings Bank Fund grants can do so prior to October 15th. More information and the application can be found on the Bank’s website at mvsb.com/about/community-involvement/. Established in 1997, under the leadership of John Starrett, then President and CEO of the Bank, the MVSB Fund makes grant-based contributions to non-profit organizations that enrich and improve the quality of life for residents living in the Bank’s service areas. Since the Fund’s inception, 398 grants totaling $1,636,248 have been awarded to a wide range of environmental, social, educational and historic projects throughout the […]

Protect Your Company From A Common Email Compromise

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Our Risk Management department noted that we’ve recently heard from some of our business customers about an uptick in a very common business email compromise (BEC) – when a hacker gains access to an email account and begins to send emails pretending to be the true email owner. Hackers often attach malicious content to the emails all in an attempt to get the victim to click on it to further perpetuate the fraud trend. Also, hackers use BECs as a way to trick victims into believing they are speaking with a known contact and attempt to persuade them into providing […]

MVSB to Offer Grant Funding to Eligible Small Business Customers

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Meredith Village Savings Bank (MVSB) is proud to participate in the Federal Home Loan Bank of Boston’s (FHLBank Boston) 2020 Jobs for New England (JNE) Recovery Grant Program. A member institution of the FHLBank Boston, MVSB was approved for $100,000 in grant funding to support their local business customers. The JNE Recovery Grant provides FHLBank Boston members with the ability to award grants to eligible small businesses and non-profit organizations that have been negatively impacted by COVID-19. Consideration for funding will be given to all existing MVSB business customers. Application requests can be made from October 2 through October 23, […]

A Powerful New Online & Mobile Banking Experience is here!

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We are happy to let you know that we will be launching all new online and mobile banking on October 20. The new system offers the following improved features and services to help you manage your banking the way you want to:More ways to personalize your experience Faster Person to Person Payments using your debit card Faster alerts Expanded transfer options New CardSwap – automatically update your card information for online accounts and subscriptions from one place Apple Watch compatibility In addition, business cash management users can expect:A simplified login process Mobile app access with mobile deposit (already available for consumer and […]

Potential Fraud in Economic Injury Disaster Loan Program

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We have received notification from local businesses about instances of fraud in the Economic Injury Disaster Loan (EIDL) and Advance Grant Program. EIDL was established as the first federal small-business assistance program activated to combat the economic crisis caused by COVID-19. The purpose of EIDL loans and advances are to aid eligible, small entities and businesses with quick capital, as well as with long-term financing for working capital needs brought on by the pandemic. Examples of how EIDL scams have transpired in recent months include:Fraud rings using social media to recruit applicants to split EIDL advance money with ringleaders. Various […]

Michael Heffernan Joins as Lending Compliance Officer

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Michael Heffernan has joined New Hampshire Mutual Bancorp (NHMB) as Lending Compliance Officer. In this role, Heffernan will help lead and oversee lending compliance management for NHMB’s sister banks Meredith Village Savings Bank (MVSB), Merrimack County Savings Bank (the Merrimack) and Savings Bank of Walpole (SBW). “We’re happy to welcome Mike to our team,” said Angela Strozewski, Executive Vice President and Senior Operations Officer of NHMB. “His extensive background in lending and compliance will complement our community banks very well. I look forward to seeing how we evolve with Mike’s oversight and guidance.” “It’s exciting to be part of such […]

Robert Soloway Named Executive Vice President

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Robert Soloway has been appointed Executive Vice President at New Hampshire Mutual Bancorp (NHMB). As Executive Vice President, Soloway will be a part of the NHMB Executive Leadership Team, continuing as Chief Technology Officer (CTO). Soloway has greatly impacted NHMB’s evolving technology since joining the company in September 2019. As CTO, Soloway leads and oversees technological strategy and implementation for Merrimack County Savings Bank (the Merrimack), Meredith Village Savings Bank (MVSB), Savings Bank of Walpole (SBW) and NHTrust. In March, the oversight of information security, enterprise project management and imaging for NHMB and sister organizations was added to his area […]

Scammers Claiming to be from the Department of Justice, Preying on Seniors

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The U.S. Office for Victims of Crime (OVC) has received multiple reports of individuals claiming to represent the Department of Justice, calling members of the public as part of an imposter scam. The department strongly encourages consumers to remain vigilant and to not provide personal information during these calls, which appear to target seniors. Reports to the National Elder Fraud Hotline indicate that these scammers falsely represent themselves as Department of Justice investigators or employees. They attempt to obtain personal information from the recipient, or they leave a voicemail with a return phone number. The return phone number directs users […]

Eric Petell and Meredith Village Savings Bank Ranked First Place in Mortgage Lending for Belknap County in May

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MVSB was ranked first in mortgage lending for Belknap County in May 2020, according to the NH Registry Review. In addition, Eric Petell, who joined the MVSB mortgage lending team in November of 2019, was recognized as number one in the individual category. Individual mortgage lending is measured by volume of loans, while rankings by institution include purchase and refinance mortgages for all residential properties for the month of May. Petell was promoted to Mortgage Loan Originator for the bank in November of last year, after serving as Assistant Vice President, Branch and Business Development Manager for the Laconia office […]

Lakes Center for the Arts Receives Donation from MVSB

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Meredith Village Savings Bank (MVSB) has purchased $10,000 in tax credits through the New Hampshire Community Development Finance Authority (CDFA) in support of Lakes Center for the Arts, a subcommittee of the Greater Meredith Program (GMP). These funds will support the organization’s goal of creating an incubator for the arts, transitioning artists into successful sustainable businesses that will enhance growth in the local economy. The Lakes Center for the Arts hopes to preserve and repurpose a unique local building with the goal of developing a hub of cultural vitality, creating a new focal interest for an underused zone in the […]

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