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Big Change at NH Mutual Bancorp

Published Tuesday Aug 18, 2015

Paul C. Rizzi, Jr., has announced his retirement as co-president and co-CEO of New Hampshire Mutual Bancorp and as president and CEO of Merrimack County Savings Bank (the Merrimack) effective January 1, 2016. NH Mutual Bancorp is the holding company for Meredith Village Savings Bank, Merrimack County Savings Bank and MillRiver Wealth Management. Rizzi will remain active as a member of the board of trustees for the holding company as well as for Merrimack County Savings.
 
Rizzi joined the Merrimack in 1996 where he served first as executive vice president and chief operating officer prior to his current roles. His banking career spans 46 years, during which he grew Merrimack County Savings from $190 million to over $700 million in assets and added seven branch offices to the original single location, including three from the acquisition of Bow Mills Bank in 2007 to the newest branch in Hooksett at the I-93 North Welcome Center.
 
Rizzi has distinguished himself as a dedicated leader and active member of the community, serving on a number of boards and winning a Business NH Magazine Business of the Year award in earlier this year for his and the bank's community involvement and leadership in the banking industry.

Samuel L. Laverack, co-president and co-CEO of NH Mutual Bancorp and president and CEO of Meredith Village Saving Bank will assume the role of sole president and CEO, which has been shared Rizzi, Jr. since 2013.
 
Laverack began his career with the bank 39 years ago as manager of Meredith Village Saving Bank’s Moultonborough office. During his time the bank has grown from $43 million to over $750 million in assets. The bank has expanded from two branches in 1976 to 11 branches and a Seacoast loan production office. 

In addition to his responsibilities at MVSB, Laverack has been active in the community throughout his career, serving on town boards and committees as well as serving on many nonprofit boards.

The joint leadership of Laverack and Rizzi was essential in 2013 when the Merrimack and MVSB formally allied under a mutual holding company, NH Mutual Bancorp – the first relationship of its kind in the state.  While both banks were strong performers, the partnership allows them to advance their shared vision of maintaining and enhancing their community banking standards and values in an industry of increasing regulatory costs and challenges. On April 1 of this year, MillRiver Wealth Management officially became the third subsidiary of the organization.
 
Philip B. Emma will assume the role of president of Merrimack County Savings Bank effective January 1, 2016. He is currently executive vice president and COO for NH Mutual Bancorp, and president of MillRiver Wealth Management. He will continue his role as president of MillRiver. 

Richard E. Wyman, current executive VP and CFO for NH Mutual Bancorp, will assume the role of president of Meredith Village Savings Bank effective January 1, 2016. Wyman served as EVP and CFO for MVSB prior to 2013.

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