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Slide #65. New Hampshire Thrift Bancshares, Inc. — Central Financial Corporation
New Hampshire Thrift Bancshares, Inc. (NHTB)
Central Financial Corporation
New Hampshire Thrift Bancshares, Inc. (NASDAQ: NHTB), parent company of Lake Sunapee Bank, fsb, and Central Financial Corporation (PINKSHEETS: CEVT) today jointly announced that they have entered into a definitive agreement through which New Hampshire Thrift Bancshares will acquire Central Financial Corporation and its subsidiary, The Randolph National Bank. Originally established in 1875, The Randolph National Bank serves the credit and deposit needs of individuals and businesses with offices in the Vermont communities of Rochester, Royalton, South Royalton, Randolph, Williamstown and Quechee, and has assets in excess of $170 million.
New Hampshire Thrift Bancshares is a savings and loan holding company. Co.'s market area is concentrated in the counties of Cheshire, Hillsborough, Grafton, Merrimack and Sullivan in central and western New Hampshire and the counties of Rutland and Windsor in Vermont. Co. provides real estate loans, real estate construction loans, consumer loans, commercial loans, and municipal loans. Co. provides a range of deposit accounts with a range of interest rates and terms. Co.'s deposits consist of business checking, money market accounts, savings, Negotiable Order of Withdrawal and certificate accounts. As of Dec 31 2013, Co. had total assets of $1.42 billion and total deposits of $1.09 billion.
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