Bank of New Hampshire to acquire Community Guaranty Savings Bank

LACONIA — The Bank of New Hampshire will acquire Community Guaranty Savings Bank, converting the Plymouth and Campton branches to Bank of New Hampshire locations.

The two banks signed an agreement Monday whereby Bank of New Hampshire, through its parent company BNH Financial, has agreed to acquire Community Guaranty Corporation, the parent company of Community Guaranty Savings Bank, in an all-cash transaction valued at approximately $12.9 million. Under the terms of the transaction, shareholders of Community Guaranty Corporation will receive $65.10 in cash in exchange for each share of Community Guaranty Corporation stock. The consideration represents approximately 157 percent of Community Guaranty's tangible book value as of Sept. 30, 2015. The transaction is subject to receipt of state and federal regulatory approvals and approval by the shareholders of Community Guaranty Corporation and is expected to be completed next May, at which time Community Guaranty Savings Bank's branch offices located at 28 South Main St., Plymouth, and 21 Tower Road, Campton, will become Bank of New Hampshire branch offices.

"The acquisition of Community Guaranty Savings Bank will provide customers access to 24 full-service office locations throughout the state including our new Portsmouth office that is scheduled to open spring 2016," said Mark Primeau, president and chief executive officer of Bank of New Hampshire. "With a Bank of New Hampshire office already located in Plymouth, these two new locations will deepen our market presence in the area and strengthen our commitment to the individuals, families and businesses in this region. Bank of New Hampshire has a 184-year history of building lifelong relationships with its customers by providing what matters most – personal attention from knowledgeable staff and financial products that make it easy to save and borrow."

"Since its organization in 1988, Community Guaranty Savings Bank has remained committed to serving its customers and local communities," said Michael Long, president and chief executive officer of Community Guaranty Savings Bank. "We recognize banking is a rapidly changing industry and to ensure our customers' needs are fulfilled while not losing our commitment to the communities, we are merging with Bank of New Hampshire, and know that it is an organization which shares our commitment to service and community banking."

Ronald I. Sibley, Chairman of the Board of Directors of Community Guaranty Corporation, said "this merger with Bank of New Hampshire offers outstanding value for our shareholders and assures that our customers and communities will benefit from the wide range of products and commitment to service provided by Bank of New Hampshire."
After the merger, the combined entity will have approximately $1.4 billion in assets. Upon completion of the transaction, Sibley and Long will both be appointed to serve as directors of Bank of New Hampshire and Trustees of BNH Financial.

Bank of New Hampshire, founded in 1831, provides deposit, lending and wealth management products and services to families and businesses throughout New Hampshire. With 21 banking offices throughout New Hampshire and assets exceeding $1.2 billion, Bank of New Hampshire is the oldest and one of the largest independent banks in the state. For more information, call 1-800-832-0912 or visit

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Runners up - Lakers fall to Tigers 48-14 in Division III championship game

DURHAM — Inter-Lakes/Moultonborough (9-2) was forced out of its powerful ground game in Sunday's Division III championship game at Cowell Stadium at the University of New Hampshire Sunday, falling behind 13-0 in the first quarter en route to a 48-14 loss to the Newport Tigers (11-0).
With their running game stymied, the Lakers changed to a shotgun-style offense and battled back gamely to narrow the deficit to 27-14 late in the first half on touchdown passes by quarterback Ryan Kelly to Andrew Brothers and Zach Swanson.
But Newport struck right back to take a 34-14 lead at the half and used their own strong running game to control the clock in the second half.
Kelly completed 14 passes for 193 yards and two touchdowns while Newport's defense held the Lakers to only 92 rushing yards.
Running back Noah Wade scored five touchdowns for the Tigers and for 274 yards on the ground and had touchdown runs of 53 and 28 yards and a 57-yard punt return.
Inter-Lakes/Moultonborough coach Jon Francis said it was the punt return and other special teams plays that helped Newport widen the gap and put the game out of reach for the Lakers.
'I'm very proud of these guys. They played their hearts out and it just wasn't in the cards. But it's great for a small school like ours just to make it to the championship game.
It was the third time that the Lakers have advanced to the championship game and their first since 2011.
Francis noted that Newport, which lost in last year's Division III championship game, had something to prove after last year's loss and that the same thing might apply to the Lakers next year.
He noted that quarterback Ryan Kelly willl be returning, along with his entire receiving corps, and that the Lakers hope to make another strong run at a state title.

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LHS Key Club members again sleep outside to call attention to homelessness

LACONIA — As has been tradition for a number of years, the Key Club members sponsored their annual homeless awareness night on the lawn at the High School on Friday to raise money for and to get the community involved in helping those who live without permanent shelter.

To get a small taste of homelessness, students gather large cardboard boxes, tents and sleeping bags and spend the night outside. They build a fire and hear from area agencies about the issue.

"I can definitely do this for a night but no longer," said Ryan Cashman, a junior who is participating in his third sleep-out.

Key Club President Dominic Cannuli said he understands that their one-night adventure is nothing like being truly homeless, but likes the idea of calling attention to the fact that many are.

"We have bathrooms, we'll get to eat tonight, we'll have things to drink," he said, noting that many who are homeless will have none of those things.

"It's important because many people turn a blind eye but they should be aware of this," he said.

Both said that anything helps and that if everyone who could gave just a small amount of money to one of the local agencies who help feed and house the homeless, much of the problem could be addressed.

The group, through the Class of 1983 Homeless Outreach Program also asks that people donate warm clothing, care and comfort items and ready to eat foods to Christmas Island Restaurant until November 27 for distribution to those who need them. Financial contributions can be sent through PayPal to This email address is being protected from spambots. You need JavaScript enabled to view it. or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

Bill Gile of the local Kiwanis Club — the adult sponsor of the Key Club — said that all of the financial donations made to the students either last night or by people who want to make a donation at the school will be matched by money raised by Kiwanis.

He said that money will be matched by All-Brite Cleaning and Restoration of Gilford and then donated to the Salvation Army and the Carey House.

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LHS senior recovers from surgeries to close extra heart valve & repair torn knee ligament, signs to play lacrosse for Franklin Pierce College

LACONIA — When Kyle Chiasson signed his letter of intent to play lacrosse at Franklin Pierce College next year, he, his family and his close friends knew that his road to the university was one fraught with injury, pain, determination and heartache — literally.
The Laconia High School senior was born with Wolff-Parkinson-White syndrome — or, with an extra electrical pathway or valve between the top two heart chambers and the lower two heart chambers. The syndrome can cause the heart to beat too fast, meaning not enough oxygenated blood can get into his bloodstream.
He said his mother and sister have SVT — or supraventricular tachycardia, more commonly known as atrial fibrillation or "a-fib." He said they tested him for "a-fib" and found Wolff-Parkinson-White syndrome instead.
Although he had never had an episode of rapid heartbeats, three years ago, when he was 15, Kyle went to Dartmouth Hitchcock Medical Center in Lebanon and underwent an 11-hour catheter ablation or operation to remove or terminate the electrical impulse or value that could cause an episode.
"My mom was frightened but I didn't understand it or know what it all really meant," he said.
"It was unsuccessful but the doctor was able to find where the problem was," said Kyle. He added that he had already been under anesthesia for 11 hours so the decision was made not to continue.
Undeterred, Kyle followed his older brother into lacrosse, first playing with him and then joining the Sachems team, becoming a starting attack forward.
Kyle also loved playing football and was a starting wide receiver for the varsity team. Until he got hit hard late in his junior year and went down with a torn anterior cruciate ligament.
He said he had finished running his pass pattern and started his turn up the field toward the goal when he got hit high by an opposing player.
"My body went one way. My leg went another," he said. "It was scary."
Dr. Alexander Hennig of Orthopedic Professional Association operated on him on Nov. 18, 2014, after an MRI showed he had partially torn his ACL.
Hennig said yesterday he was evaluated by Dr. John Grobman on the field and taken to the hospital for an X-ray. The MRI came two days later and showed the tear.
Hennig said Kyle "rehabilitated very well" and did everything that was asked of him. With the help of physical therapist Joshua Brooks of Granite State Physical Therapy, Kyle was running within three months.
Prohibited from all contact sports, he played non-contact lacrosse for the next three months and returned to the field competitively, playing in the last six games of his junior year.
Brooks said Kyle was eager to get back to playing sports at a highly competitive level — something he rarely sees young athletes accomplish. Both Brooks and Kyle said the work was difficult but Brooks said Kyle was determined to play at a highly competitive level and so he gave him the workouts he needed to do.
"He worked very hard and was diligent in performing," said Brooks, noting that lacrosse and football are both very tough physical sports to play.
Kyle said he did Brooks's exercises twice weekly for six months at the physical therapy office and twice weekly on his own. Not only did he return to play the last six games of lacrosse in his junior year, he went on to play for this year's football team. Over the summer, he played lacrosse for an elite team called the Tomahawks.
But over the winter of his junior year, Kyle had his first accelerated heartbeat episode. He sought out medical care and in February he went to Children's Hospital in Boston and after a second 3 1/2 hour catheterizing surgery, the doctor closed off the excess valve in his heart.
"Because of the first surgery, Kyle said the Boston doctor knew about where to look for the problem and fixed it quickly. Good to go, Kyle returned to working out so he could play with the Tomahawks over the summer.
Kyle said he waited to see if he was going to get recruited to play for college, but this past summer took it upon himself to make player tapes and send them to lacrosse Coach Rich Senatore at Franklin Pierce. He said the coach came to see him play and the two became friends and later recruited him.
Kyle said he plans on studying criminal justice and hopes to become a police officer. He said he's worked on a internship from New Hampshire Technical Institute with School Resource Officer Steve Orton and is hoping to work over the summer as a Marine Patrol intern.

Cutline: (Kyle and Hennig) Dr. Alexander Hennig looks over the knee of recently recruited Franklin Pierce College lacrosse player Kyle Chiasson of Laconia. Laconia Daily Sun Photo – Gail Ober


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