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Merrimack style is treating everyone – customers, employees and community members – with dignity, care, respect and compassion.

  • NHTrust Financial Advisors
  • New Hampshire Mutual Bancorp

MillRiver Wealth Management, SBW Wealth Management and The New Hampshire Trust Company announce plans to combine and form New Hampshire Trust & Wealth Management.

Posted on September 30, 2019

NHMB-NHTC2

Celebrating the affiliation of their trust and wealth management companies are (L to R) Greg McConahey and Rhonda Stephens of The New Hampshire Trust Company, Gregg Tewksbury, President and CEO of New Hampshire Mutual Bancorp, Mike Rafferty of The New Hampshire Trust Company, Paul Provost, President of MillRiver Wealth Management, and Mark Bodin, President of Savings Bank of Walpole.

MillRiver Wealth Management of Concord, NH, announced today that it has signed an agreement to purchase The New Hampshire Trust Company, based in Keene, NH. At the same time, Savings Bank of Walpole’s SBW Wealth Management division will also join the organization. Later this year, the unified company plans to change its name to New Hampshire Trust & Wealth Management.

Through this affiliation, three of the Granite State’s most successful financial service providers will be in a position to optimize the strengths of each organization, serving customers with leading-edge advice, enhanced technology – and a continued focus on local, personal service in communities throughout New Hampshire.

MillRiver Wealth Management and SBW Wealth Management are already affiliated as the locally-focused investment and wealth management divisions of New Hampshire Mutual Bancorp (NHMB), along with NHMB’s independently managed mutual banks: Meredith Village Savings Bank, Merrimack County Savings Bank and Savings Bank of Walpole.

Under the new affiliation, existing staff at the three companies will remain with New Hampshire Trust & Wealth Management, working in their current locations. Paul Provost, currently President of MillRiver Wealth Management, will retain that title with the newly named firm.

“One of the benefits of this alliance is the ability to tap into the leadership and expertise that Paul brings to our organization as a visionary, customer-focused investment professional,” noted Gregg Tewksbury, President and CEO of New Hampshire Mutual Bancorp. “Paul is also committed to our unique ability to provide expert, localized wealth management services throughout New Hampshire – most importantly, in the individual communities served by our sister banks.”

Greg McConahey and Mike Rafferty, co-presidents of the New Hampshire Trust Company, noted that they personally share a strong, mutual respect and trust with leaders at MillRiver Wealth Management and SBW Wealth Management. “Our organizations enjoy similar corporate structures and cultures, with complementary market areas and a fundamental commitment to delivering high-quality, local, personal customer service,” said McConahey. Rafferty added, “Based on the people behind New Hampshire Mutual Bancorp, and on their steadfast commitment to local, mutual banking values, we see this affiliation as a tremendous way to enhance the services we can provide – and to ensure long-term stability for our customers, our staff and our communities.”

The relationship will become effective upon final regulatory approval, which is expected to occur in January of 2020.

About MillRiver Wealth Management

MillRiver Wealth Management offers trusted financial advice in the New England tradition of neighbors serving neighbors. With New Hampshire roots reaching 150 years, MillRiver combines the financial expertise and local insights of Merrimack County Savings Bank and Meredith Village Savings Bank, each with a legacy of trusted service dating back to the 1860s. Customized financial planning include solutions for investment management, retirement planning, financial planning and trust, estate and fiduciary services. For more information, please call 603.223.2710 or visit nhtrust.com.

About SBW Wealth Management

SBW Wealth Management is a division of Savings Bank of Walpole, which was founded in 1875 and is headquartered in Walpole, NH. The firm offers investment management, retirement planning and financial planning to customers throughout the Connecticut River Valley and Monadnock Regions of New Hampshire and Vermont from offices in Walpole and Keene, NH. For more information, please call 603.355.1674 or visit www.sbwwm.com.

About The New Hampshire Trust Company

The New Hampshire Trust Company is a state-chartered trust and investment management firm for individual investors, corporations and non-profits. Headquartered in Keene, New Hampshire, the firm was chartered on June 12, 2002, and has a staff of five professionals. The firm’s focus is to provide a full array of trust and investment management services to meet their clients’ financial objectives, delivering high-quality, local, personal customer service; support their employees; and giving back to the communities they are privileged to serve. For more information, please call 603.352.0862 or visit nhtrustco.com.

About New Hampshire Mutual Bancorp

New Hampshire Mutual Bancorp (NHMB), a mutual holding company, was formed in 2013 when two New Hampshire-based community banks, Meredith Village Savings Bank and Merrimack County Savings Bank, formally affiliated – the first relationship of its kind in New Hampshire. This strategic partnership has positioned the banks to leverage each other’s strengths as they work together to advance a shared vision of maintaining and enhancing community banking standards and values. MillRiver Wealth Management joined as a third subsidiary of NHMB in 2015, combining the financial advisory divisions of MVSB and The Merrimack. Savings Bank of Walpole and SBW Wealth Management then joined NHMB in 2018. For more information, visit nhmutual.com.

Not FDIC Insured Not Bank Guaranteed May Lose Value
Not a Bank Deposit Not Insured by Any Federal Government Agency

Meeting with the MillRiver Wealth Management and SBW Wealth Management is without obligation or cost.

MillRiver Wealth Management is a trade name of MillRiver Trust Company. SBW Wealth Management is a trade name of Savings Bank of Walpole. Certain brokerage services and advisory services are offered through INFINEX INVESTMENTS, INC., Member FINRA/SIPC. Investment and insurance products are subject to investment risk, including the possible loss of value. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. Infinex and MillRiver Trust Company are not affiliated.

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PO Box 2826
Concord, NH 03302-2826
603.225.2793
800.541.0006
Telephone Banking: 888.224.6272
NMLS#433938

Equal Housing Lender | Member FDIC

© 2023 Merrimack County Savings Bank

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