Bank First Opened Its Doors In May 1895
May 19, 2020
The COVID-19 pandemic may have stopped a formal shindig, but that doesn’t mean Sugar River Bank is going to let its 125th anniversary go by unnoticed. The Newport, New Hampshire-based bank first opened its doors in May 1895.
Mark Pitkin, who has served as president and CEO since 2009, said, “Now more than ever, we are committed to making our communities better places to work and live. After 125 years, we are proud to say that Sugar River Bank is still locally owned and operated, as ’Your Hometown Bank’, by dedicated people who live and work in the communities we serve.”
The $320 million mutual bank employs 85 people and operates five branches located in Concord, Warner, New London, Sunapee and Grantham, New Hampshire. The bank likes to point out it serves the I-89 corridor and beyond.
In 2019, Sugar River Bank dedicated over $53,500 to local organizations in the communities it serves, supporting more than 160 non-profit organizations. Regardless of its asset size, the bank won the 2019 bronze award for community contribution in New Hampshire at the Best Bank Regional Expo, held in Springfield, Massachusetts (and sponsored by Banking New England). The award is based on interviews with hundreds of thousands of banking customers across the state of New England.
“How many of the community banks here believe their customer service is average or below average?”