Bank of New Hampshire Holds 193rd Annual Meeting

Laconia, New Hampshire – May 1, 2024 – Bank of New Hampshire, the oldest and one of the largest independent banks in New Hampshire, recently held its Annual Meeting of Corporators and reported it was one of the most historic years in their 193-year history.  

BNH was listed as the top-ranked bank in New Hampshire and fifth rated institution across New England for all banks with assets up to $10 billion, as detailed in the Fourth Quarter of the Bank Performance Report. The Bank maintained a stable position, with a Return on Assets of 0.88%, a Tier 1 Leverage Capital Ratio of 11.13%, and deposit growth of $54.5MM. These metrics are a testament to BNH’s prudent management and thoughtful strategic planning, combined with the trust their customers place in the organization.

The Bank’s success would not be possible without the ongoing guidance and support of their Board of Directors and Corporators. During the meeting, BNH introduced six new Corporators – Andrew Hosmer, Audrey Goudie, Jared Guilmett, Jeanine Forrester, Michael Salmonsen and Stephanie Wentworth.

Andrew Hosmer, an attorney and businessman, serves as Mayor of Laconia and previously held two terms as State Senator, earning accolades such as “Legislator of the Year.” He now guides businesses as a Senior Policy Advisor while actively supporting community initiatives and youth development.

Audrey Goudie, a seasoned leader with 25+ years in the nonprofit sector, excels in marketing, philanthropy and healthcare administration. Currently Director of Marketing at Mid-State Health Center, she champions impactful community initiatives and serves on various boards, including the Newfound Charitable Fund.

Jared Guilmett, AIA, blends architectural expertise with community engagement, serving as Associate Partner at Misiaszek & Turpin, PLLC. His commitment to architectural excellence and historic preservation extends to enriching built environments and communities in the Lakes Region, alongside active volunteerism.

Jeanie Forrester, Director of Intergovernmental Affairs at the Department of Business and Economic Affairs, brings 30+ years of experience in community development. As a former Town Administrator and State Senator, she spearheaded initiatives in economic development, historic preservation, and environmental protection.

Michael Salmonsen, Assistant Controller at the Leddy Group, brings over eight years of comprehensive financial experience. His role includes overseeing accounts receivable, accounts payable, and financial reporting, supported by a Bachelor’s Degree in Finance from the University of New Hampshire.

Stephanie Wentworth, owner of Decorative Interiors of Laconia, combines design expertise with community passion. With over 18 years of experience, she contributes to her community’s development through initiatives like the Lakes Region Parade of Homes and involvement in projects like the Colonial Theatre revitalization.

Additionally, this year marks a significant milestone as Suzanne Stiles concludes her tenure as a Member of the Board of Directors and Chairperson, leaving behind a legacy of dedication and strategic leadership. Suzanne was elected to the Board of Directors in August 2003 and to Chair of the Board in 2019 as the first woman Chair in our history. Over her 21-years served, the Bank grew from $786 million to 2.5 billion, a 318% increase. In the five years as Chairman, Suzanne accomplished many things but most importantly she ensured BNH would continue to be a financially safe, sound and sustainable bank with a culture of supporting employees, customers and the community.

Upon Suzanne’s retirement from the BNH Board of Directors, current Vice Chairman, Michael Long, will be appointed Chairman of the Board. Michael’s experience in banking is extensive, he was a co-founder and former President & CEO of Community Guaranty Savings Bank, has served on the BNH Board of Directors since 2016 and stepped in as the interim BNH President & CEO, serving from April 2020 to May 2021.

“Our history and recent achievements give us confidence in our ability to navigate the future with the same resilience and dedication that has defined us for nearly two centuries,” stated Chris Logan, President & CEO for Bank of New Hampshire. “I would like to thank Suzanne Stiles for her support and mentorship in her role as Chairman and for her unwavering dedication to BNH and our vision for growth.”

Bank of New Hampshire, founded in 1831 provides deposit, lending and wealth management products and services to families and businesses throughout New Hampshire and southern Maine. With 21 banking offices and assets exceeding $2 billion, Bank of New Hampshire is the oldest and one of the largest independent banks in the state. Bank of New Hampshire is a mutual organization, focused on the success of the bank’s customers, communities and employees, rather than stockholders. For more information, call 1.800.832.0912 or visit BNH.Bank.