Bank of NH, headquartered in Laconia, has evolved from a small 19th-century savings institution into one of the state’s largest independent financial organizations, all while maintaining a distinctly local focus rooted in its mutual ownership structure.
Led by President and CEO Christopher J. Logan, the bank employs 258 people—253 of them in NH—and operates 21 offices across the state and one loan production office in Maine.
Founded in 1831, the bank now manages approximately $2.7 billion in assets. For Logan, who has been with the organization for nearly a decade and CEO for six years, that longevity is central to its identity.
“I’m really proud of the bank and its long history of serving the Lakes Region and all of New Hampshire,” Logan says, noting the institution spent much of its early history focused on the Lakes Region before expanding statewide over the past 25 years.
That growth, he says, has been driven by the bank’s mutual structure. “We’re successful because we operate exactly as our mission states, as a mutual bank,” Logan says. “It removes the pressure of short-term profits and enables us to focus on our employees, our customers and our communities.” That focus, he adds, builds trust and stability while strengthening long-term financial performance.
“It would be easy to focus on the higher-density areas along the Massachusetts border,” Logan says. “But the character of New Hampshire is defined by its rural communities.” Maintaining branches and local decision-making in those areas, he adds, is essential, not only to the bank’s identity, but to the state’s economic health.
While Bank of NH has a storied history, it is looking ahead to the future. The bank has made significant investments in technology, including image-enabled ATMs that scan checks and money instantly preventing the need for envelopes or deposit slips, mobile banking, online account opening capability, online loan applications, electronic account alerts, mobile wallet capabilities, and text-based fraud alerts.
The bank is also investing in the communities it serves. In 2025, Bank of NH contributed more than $464,000 in charitable giving and sponsorships and logged over 3,300 volunteer hours supporting more than 200 organizations statewide.
Looking ahead, Logan emphasizes disciplined, local growth in an industry facing rapid consolidation. “We’ll grow as long as we can stay true to who we are,” he says. “We’re going to spend our time strengthening our franchise, not stretching it.”
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