Bank Innovation
MARCH 21, 2016
It’s been a year since the Federal Deposit Insurance Corporation (FDIC) conditionally approved a de novo charter for Primary Bank. Based in Bedford, New Hampshire, the new Primary Bank raised an astounding $29 million after obtaining approval for its charter on March 17th of 2015.
Independent Banker
NOVEMBER 21, 2021
If it opens its doors as planned in January 2022, Walden Mutual Bank will be the first new mutual bank charter in New Hampshire in a century and the country’s first new mutual charter in five decades. The planned de novo in Concord, N.H., It is rare to have that level of experience,” Cummings says.
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Jeff For Banks
AUGUST 1, 2016
The concept was new, and growth was projected to be robust, albeit not off the charts. The FDIC required the bank to raise $20 million in capital, a tidy sum back in the 1990’s when banks got started with less than half as much. Primary Bank in New Hampshire, started last year, raised around $27 million.
Ublocal
FEBRUARY 7, 2024
We’re delighted to bring our Northern Vermont and New Hampshire communities a simple, yet powerful way to grow your money. Please be advised that certain investment products, including but not limited to IRAs and 401(k)s, are not insured by the FDIC and carry the risk of potential loss of value. Call us at 800-753-4343.
Ublocal
NOVEMBER 21, 2022
Traditional CDs are insured by the FDIC for up to $250,000 per account, making CDs a very low-risk investment. And we have some of the best CD rates in New Hampshire and Vermont, too! Advantages of CDs CDs are a niche savings product with a lot of benefits, especially for certain uses. Predictability. Still have questions?
Ublocal
FEBRUARY 27, 2024
They are exceptionally low-risk—returns are guaranteed and unlike market investments they are FDIC insured for up to $250,000. Whether you’re seeking wealth management advice for retirees, business owners, new parents, or newly weds, we can help.
Ublocal
FEBRUARY 11, 2022
Union Bank’s long history in the community is the reason our Vermont and New Hampshire clients put their trust in us. Choose the investment advisors that are recognized by the people who live in your community. Contact our team today to discuss your financial hopes and goals!
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