News

On October 8, 2020, the Small Business Administration released a streamlined loan forgiveness application for Paycheck Protection Program loans totaling $50,000 or less.‌ The new single page forgiveness application, form 3508S, includes certifications from the borrower, but does not require calculations to be submitted with the application. It is important to note, however, that applicants using form 3508S are still required to submit all of the same documentation verifying forgivable payroll and non-payroll expenses. The Bank will work as expeditiously as possible to get the form 3508S into an electronic format for completion and submission. When the electronic form 3508S […]

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 […]

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 […]

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, […]

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 […]

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 […]

Local community members are reporting an increase in receiving fraudulent phone calls.  Criminals disguise themselves by faking another phone number or identity and solicit sensitive information from the person who answers the phone. Common faked identities include the IRS, the Social Security Administration and other businesses and government organizations. It is illegal to use spoofed, or faked, caller ID information when the intent is to defraud, harm or scam someone. Efforts are being made by the Federal Communication Commission (FCC) in conjunction with phone service providers to place technical checks and authenticate the source of calls before they even reach […]