Banks Play a Critical Role in New Hampshire’s Economy

The New Hampshire Bankers Association released a study, conducted in partnership with Polecon Research, examining the vital role banks play in the Granite State’s economy. The study analyzed job creation, lending volumes, tax revenues and community support generated by the state’s 40 chartered banks.

Most notably, according to the Federal Deposit Insurance Corporation (FDIC), banks in New Hampshire reinvest deposits into their local communities at the highest levels in the nation.* This significant reinvestment fuels economic growth across the state through:

• Job Creation – Banks in New Hampshire supported over 17,260 jobs, paying $1.02 billion in wages and benefits.
• Access to Credit – In 2024, NH banks originated $40 billion in loans, including $619 million in small business lending, with $0.99 of every dollar deployed through loans reinvested back into local communities.
• Tax Revenues – NH banks contributed $127.4 million in local tax revenues for state and local government in 2024.
• Community Support – In 2025, NH banks donated nearly $15 million through a combination of cash contributions, in-kind donations, sponsorships and volunteer hours in support of community, civic and non-profit organizations.
• Leading the Nation in Banking Access – New Hampshire ranks among the best in the nation for access to banking services, serving a high percentage of the population, with just 1.1% of households unbanked.

Together, these statistics highlight the meaningful impact New Hampshire banks have on the state’s economic vitality and overall quality of life.

Bank of New Hampshire is proud to play an integral role in this collective effort and to support the communities we have proudly served for over 194 years. Through our Banking on Kindness initiative, employees dedicate their time, talent and resources to organizations that drive meaningful change. Whether through volunteering, sponsorships or charitable giving, BNH builds lasting relationships that strengthen communities and foster a culture of giving.

In 2025, through our Banking on Kindness initiative, we contributed:

• $443,960 in charitable contributions.
• $334,225 in sponsorships.
• $4,000 in employee individual giving.
• $3,138 in employee charitable match contributions.

These efforts resulted in a total community investment of $785,323, including $233,550 directed toward affordable housing initiatives ─ supporting stability, opportunity and long-term resilience across the state.

Beyond financial contributions, 117 BNH employees volunteered 3,360 hours in support of 218 organizations statewide. Our commitment to strengthening the communities we serve is a key contributor to our competitive advantage and long-term success. At Bank of New Hampshire, we remain steadfast in our mission to be the state’s premiere independent, full-service bank ─ today and for future generations.

*Source: Federal Deposit Insurance Corporation, Host State Loan-to-Deposit Ratios, https://www.fdic.gov/section-109-host-state-loan-deposit-ratios.pdf