Merrimack County Savings Bank (the Merrimack) and Ed Caron, EVP, Senior Commercial Lending Officer were recently honored at Capital Regional Development Council’s (CRDC) Annual Banker Celebration earlier this month. The Merrimack was recognized as Bank of the Year, based on the highest dollar volume of loans referred to the CRDC. Caron was also presented with a Lifetime Achievement Award for his dedication and commitment to both the CRDC and banking industry as a whole.
The awards were presented by Stephen Heavener, CRDC Executive Director. “The CRDC is a non-profit development corporation sustained by strong relationships within the banking industry,” said Heavener. “The Merrimack continues to be an incredible partner and a leading supporter of our work. It’s our honor to recognize them.”
For the first time, the CRDC also honored a banking professional with a Lifetime Achievement Award. Bestowed to Caron, the CRDC made its selection based on his exceptional advocacy and support of the organization throughout the lifetime of his career. “Ed’s passion for our local business community coupled with his wealth of knowledge in banking has made him an instrumental member of our senior management team, and a successful leader of the Merrimack’s commercial lending business,” said Philip Emma, President of the Merrimack. “He is extremely deserving of this recognition, and we could not be prouder of all he’s achieved in the two-plus decades spent with us.” Caron previously announced his retirement, effective January 2018, after 21 years at the Merrimack.
“I’ve always believed that the financial strength of our Bank depends on the financial health of the community,” said Caron. “I’m very humbled to receive this award and thank the CRDC for this special recognition. We’ve made it a point to support all businesses that are big, small and everything in-between. I’ve been very fortunate to share a wonderful partnership with the CRDC, who’ve been vital to our state economy.”
Capital Regional Development Council is the regional development corporation that provides a variety of economic development services to businesses and local governments throughout New Hampshire. CRDC is certified to provide SBA 504 loans statewide, and manages several small business gap financing funds in Merrimack, Sullivan and Hillsborough Counties. A mission driven non-profit, the CRDC is focused on providing tools that result in private sector job creation and local property tax base enhancement. In addition to small business lending, CRDC also offers real estate development, economic development consulting programs and new market tax credits. For more information, visit crdc-nh.com.