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Laconia Savings Bank

History:

Laconia Savings Bank is New Hampshire's largest independent bank and has grown to 19 offices state wide with more than $1 billion in assets since its inception in 1831. Because the bank is a mutual organization, it doesn't answer to stock holders and can focus on the success of its customers, communities and employees. Throughout its long history, the bank continues to be a strong, stable, financial organization.

“We are proud to be New Hampshire’s oldest locally owned bank; success means more than what we see on our balance sheet. It’s what we see on the faces of those we serve every day. That’s been our mission for nearly two centuries and it continues to be our mission to this day,” said Mark Primeau, President and Chief Executive Officer of Laconia Savings Bank.

Laconia Savings Bank has played an integral part in New Hampshire's growth and has shown a strong commitment to the communities where their employees serve, live and work. The bank has a long history of providing financial support to non-profit agencies around the state including the Laconia Public Library, Lakes Region Childcare, the Bedford Public Library, the Children's Museum of Portsmouth, Concord VNA, American Red Cross, Avis Goodwin Community Health Center, the New Hampshire Humane Society and many, many others. The bank strongly promotes volunteerism and last year bank employees volunteered more than 10,000 hours.

Laconia Savings Bank has prospered through the Civil War, the Great Depression, two World Wars and six Red Sox World Series Championships. Here is a time line of milestones the bank has reached in its long history in New Hampshire.
1831     Franklin Pierce signs the charter creating Meredith Bridge Savings Bank
1832     Receives its first deposit in the amount of $10.50
1869     Name changes from Meredith Bridge Savings Bank to Laconia Savings Bank
1891     Assets exceed $1 million dollars
1925     A new vault is constructed, complete with safe deposit boxes
1953     The interior of the bank undergoes a major renovation
1969     ATMs are introduced
1971     A new main office is constructed on Pleasant Street in Laconia
1994     First acquisition resulting in two additional offices
1996     First generation website is launched
1999     Nine new offices acquired from Fleet Bank
2000     Online Banking service introduced
2005     Historic French-Atwood barn in Bedford is restored and opened as 16th office
2006     Footprint expands to the seacoast region by opening a new office in Dover
2008     Mobile Banking introduced and acquisition of two new office locations; Antrim and Hillsborough
2009     State Street office in Concord relocates to a newly restored, historic North Main Street building

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