Bank of NH Hires Paul Falvey as President

Bank of New Hampshire based in Laconia hired Paul J. Falvey as its next president and CEO. Falvey officially joins the bank Bank of on February 1, 2017 and replaces Mark Primeau, who has served as President and CEO since March 1, 2008

Falvey has 30 years of experience as a bank executive, most recently serving as President and CEO of Martha’s Vineyard Savings Bank. Mr. Falvey played a key role in the transformation of a $100 million New England based community bank into a $1.4 billion regional lender. Prior to joining Martha’s Vineyard Savings Bank, Falvey oversaw the restructuring of Massachusetts based Holbrook Cooperative Bank as President and CEO.

Bruce D. Clow, Chairman of the Board of Bank of New Hampshire stated, “We worked diligently to select a candidate who will continue to build on the success of the Bank, while maintaining our commitment to mutuality, and also take us into the future in today’s challenging banking environment. We are confident that Paul’s deep-rooted commitment to building business through long-term relationships and delivering the best customer experience in the communities served make him an ideal candidate for the position.”

Under Mr. Primeau’s leadership, the Bank has grown from 17 banking offices to 24 and increased assets from $966 million to $1.4 billion. Primeau also led the rebranding of the bank from Laconia Savings Bank to Bank of NH to reflect it's wider reach and scope. After his retirement, Mr. Primeau will remain as a Director of the Bank.