The FBI has published a Public Service Announcement concerning targeted exploitation of mobile banking apps due to the increase in the use of them as a result of the COVID-19 crisis. It’s estimated that more than 75% of Americans used mobile banking somehow in 2019. Since 2020 there has been a 50% increase and this […]

In early June, we let our PPP borrowers know that we were expecting further guidance about the forgiveness of Paycheck Protection Program (PPP) loans. We had hoped that by this time we would have an electronic forgiveness application available for you. We know that you may be uneasy about the forgiveness process and timing. We […]

To ensure your health and safety, as well as that of our employees and other visitors, we have implemented a number of precautionary measure to promote social distancing and minimize the spread of germs: Some building entrances may be closed, but they will be clearly marked, directing you to the entrance to use. When you […]

On June 17, 2020, the U.S. Small Business Administration posted a revised Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020.  In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application, […]

There have been reports of a variety of unemployment schemes involving Nigerian cybercriminal groups filing fraudulent unemployment claims in various states. These criminals have already received hundreds of thousands of dollars in stolen funds. Unemployment claims have been filed for people who have lost their jobs and even those who haven’t. There have already been […]

Sister banks, Meredith Village Savings Bank (MVSB), Merrimack County Savings Bank (the Merrimack) and Savings Bank of Walpole are the first three banks to contribute to the New Hampshire Nonprofit Response Fund with a combined tax credit purchase of $150,000. The NH Response Fund is providing nonprofit organizations with resources of up to $100,000 for […]

On Friday, June 5th the Paycheck Protection Program Flexibility Act was signed into law, amending certain Paycheck Protection Program (PPP) loan forgiveness rules, for both existing and future borrowers. The most impactful changes in the new Act include the following: The spending period for approved PPP loan funding has been extended from 8 weeks to […]