Steps Down For Undisclosed Personal Reasons
April 15, 2020
Paul J. Falvey, president and CEO of Bank of New Hampshire, has resigned after 40 months in the role. He is said to have resigned for personal reasons.
The Union-Leader of Manchester, N.H., reported on Tuesday one of the bank’s board members, Michael J. Long, will replace Falvey, until the company find Falvey’s permanent successor. Long is a retired president and CEO of the former Community Guaranty Savings Bank, which Bank of New Hampshire acquired in May 2016.
Falvey assumed leadership of the state’s oldest and largest mutual bank in December 2016, following a nationwide search by the board of directors. He came to the post having served as president and CEO of Martha’s Vineyard Savings Bank, credited with playing a key role in the transformation of a $100 million New England-based community bank into a $1.4 billion regional lender.
Falvey who brought 30 years’ experience as a banking executive to the position, succeeded Mark Primeau, who had been at the helm of the bank since March 2008.
Read more about Falvey’s resignation from Bank of New Hampshire.