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Concord, NH – April 9, 2015 –John Cross, Director of Merrimack County Savings Bank and Trustee of the Bank’s holding company, New Hampshire Mutual Bancorp, announced his retirement from both boards on March 17, 2015. Cross was originally elected to the Merrimack County Savings Bank board in January 1993, and during his service and stewardship the Bank thrived and grew significantly.
“Throughout his 22 year tenure, John has served the Bank well as Trustee and Director. In that time, he took on many responsibilities, including serving as a member of the Board Audit and Investment Committees and as Chair of the Compensation Committee,” said Paul Rizzi, President and CEO of Merrimack County Savings Bank. “John could always be counted on to offer sound and well-grounded guidance. His knowledge of the Greater Concord community truly helped to focus the Bank’s activities for the benefit of all sectors of the marketplace. His friendship, thoughtfulness and sage counsel will definitely be missed.”
“It has been a pleasure serving on the Merrimack’s board and watching the Bank evolve all these years. I wish the company the greatest success in the future,” said Cross.
Cross helped oversee the partnership between The Merrimack and Meredith Village Savings Bank to form New Hampshire’s first and only mutual holding company, New Hampshire Mutual Bancorp in January 2013. Each affiliate bank retains its name and state charter, sharing the common goal of building a vigorous alliance between the two well-capitalized, healthy, independent community banks.
Cross also helped oversee the acquisition of Bow Mills Bank and Trust in 2007, which grew The Merrimack’s branch total from four locations to seven. Today, Merrimack County Savings Bank has eight branches in Bow, Concord, Contoocook, Hooksett and Nashua.