Laverack appointed sole president, CEO of NH Mutual Bancorp

MEREDITH -- Samuel L. Laverack has assumed the position of sole president and CEO of New Hampshire Mutual Bancorp, the holding company for Meredith Village Savings Bank, Merrimack County Savings Bank, and MillRiver Wealth Management.

He had shared the role with Paul C. Rizzi Jr. since 2013.

Rizzi has retired as co-CEO of the holding company and president and CEO of Merrimack County Savings Bank. Rizzi will remain on the Board of Trustees for NH Mutual and the Board of Directors for the Merrimack.

In the 40 years since Laverack began his career with Meredith Village Savings Bank, the bank has grown from $43 million in assets to over $750 million, and has expanded from two branch locations to 11 branches and a Seacoast loan production office.

Laverack began his career as manager of Meredith Village Saving's Moultonborough office. Two years later, he moved to the Ashland office, which he managed for seven years before becoming a commercial loan Officer in 1985. He was promoted to vice president/loan officer in 1994 and executive vice president in 1998. In 2008, he was promoted to president and CEO of Meredith Village Savings, and added the co-CEO of NH Mutual responsibilities in 2013.

Laverack's leadership was essential in 2013 when Meredith Village and Merrimack County Savings affiliated under the mutual holding company, New Hampshire Mutual Bancorp – the first relationship of its kind in New Hampshire. The partnership has allowed the two banks to advance a shared vision of maintaining and enhancing community banking standards and values in an industry of increasing regulatory costs and challenges. This growing relationship has made way for the banks to expand their service areas, increase lending capacity, mitigate growing regulatory and technology costs and offer more career opportunities to their employees

NH Mutual was chosen as Business NH Magazine's 2015 Business of the Year for the Financial Services category.

On April 1, 2015, MillRiver Wealth Management officially became a third subsidiary, combining the financial advisory divisions of Meredith Village and Merrimack County banks. New Hampshire Mutual Bancorp has assets totaling $1.5 billion.

Laverack has been active in the community throughout his career. He has chaired the Budget Committee for the Town of Holderness and served as chair of the Trustee of Trust Funds, vice chair of the town's School Board, and vice chair of the Board of Selectmen. He has also served on the boards for Speare Memorial Hospital, the New Hampshire Lakes Association, the Belknap County Economic Development Council, and the Lakes Region Charitable Association. Currently, Laverack serves on the Boards of Directors for Squam Lakes Conservation Society, White Mountain Economic Development Council, Greater Meredith Program and New Hampshire Bankers Association.

A graduate of New England College, Laverack resides in Holderness.

Richard E. Wyman, has been appointed President of Meredith Village Savings Bank, effective Jan. 1. Wyman served as executive vice president and chief financial officer of Meredith Village Savingsprior to 2013.