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Concord, NH – April 6, 2015 – MillRiver Wealth Management officially joined Merrimack County Savings (The Merrimack) and Meredith Village Savings Bank (MVSB) as a third subsidiary of New Hampshire Mutual Bancorp on April 1, 2015. MillRiver combines the financial advisory divisions of The Merrimack and MVSB.
The Wealth management and investment services departments at Merrimack and MVSB had already joined under the leadership of Paul Provost, Senior Vice President, Investment Executive in 2013. The official formation of this new subsidiary also expands the delivery of Merrimack’s proprietary investment management and trust services to MVSB.
“MillRiver formed after wealth management clients from both banks expressed a need for greater service and product offerings,” said Paul Provost, Senior Vice President and Executive Investment Officer for MillRiver. Provost continued, “Combining Wealth Management at The Merrimack with the Investment Services team at our sister institution, MVSB, gives our customers exactly what they’ve asked for, while providing opportunities for operational efficiency. Clients now have access to more staff, services and products -- the best of what both banks have to offer.”
The name MillRiver was selected to honor the heritage, mills and rivers that have powered economic growth in New Hampshire for generations. Offices are located in Concord and The Lakes Region, with services offered by appointment at all branches of The Merrimack and MVSB.
About New Hampshire Mutual Bancorp
New Hampshire Mutual Bancorp was formed in 2013 as an alliance between Merrimack County Savings Bank and Meredith Village Savings Bank. Through this alliance the Banks partner to address industry challenges while strengthening each Bank’s ability to serve its local community.