Mascoma Savings Bank CEO Announces Retirement Plans
Lebanon — Stephen Christy, longtime president and CEO of Mascoma Savings Bank, has announced his retirement, effective Jan. 1, 2017. Christy, who was named 2014 community banker of the year by the New Hampshire Bankers Association, joined the bank as a teller in 1973 and rose through the ranks, taking the helm in 1990. He saw the mutually owned bank through a series of unprecedented changes, including global financial crises, the...
Mascoma Valley Grocer Still Goal
Enfield — Fresh food advocates and town officials in the Mascoma Valley are hoping a new feasibility study will help attract a food cooperative or grocery store to the Route 4 corridor. Market research now indicates there’s demand in the area for a small grocery store in either downtown Enfield or Canaan but it’s unlikely a large store would be able to compete with those in Claremont and Lebanon, said Stuart Arnett, a consultant with...
Mascoma Clinic Backers Have Cash Goal
Canaan — A nonprofit organization that plans to build and operate a community health clinic here has secured $3.3 million in federal rural development loans but needs to raise an additional $280,000 before starting work. About 2,500 residents have pledged to use a facility that originated “from hundreds of local voices that created a local plan for health care,” according to an informational packet provided by the project’s backers....
Business Notes: June 21, 2015
White River Junction — Mascoma Savings Bank has been allocated $55 million in federal tax credit authority by the U.S. Treasury Department’s Community Development Financial Institutions Fund. The New Market Tax Credit Program enables economically distressed communities to access private investment capital by providing investors with a federal tax credit worth 39 percent of their original investment amount over a seven-year period. All...
