Connecticut River Bank, Charlestown Branch

Location
New Hampshire, Sullivan County, Charlestown
245 Main Street 03603, NH

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Connecticut River Bank

EstablishedJan 1864
Number of domestic offices11
Websitehttp://www.crbna.com:80/

About Connecticut River Bank

Connecticut River Bancorp, Inc. is headquartered in Charlestown, New Hampshire, and provides a variety of banking services to individuals and corporate businesses through its wholly-owned subsidiary Connecticut River Bank, NA, a commercial bank chartered in 1864. Connecticut River Bank, NA serves consumers and businesses along the Connecticut River Valley through its 11 branch network.

Mascoma Mutual Financial Services Corporation ("Mascoma"), headquartered in Lebanon, New Hampshire, and Connecticut River Bancorp, Inc., ("Connecticut River") headquartered in Charlestown, New Hampshire, jointly announced today that they have entered into a definitive agreement for the merger of Connecticut River and its subsidiary, Connecticut River Bank, NA, with and into Mascoma and its subsidiary, Mascoma Savings Bank.

Under terms of the agreement, upon completion of the merger, each shareholder of Connecticut River will receive $18.15 per share in cash, giving the transaction a value of approximately $26.7 million. The agreement has been unanimously approved by the Boards of Directors of both Mascoma and Connecticut River.

2212 Main St., Rt. 302
Bethlehem, NH 03574
603-869-3311
Phone: 603-869-3311

Financial information

Total assets$284M
Net income$1M
Net income, quarterly$0M
Total deposits$258M
Domestic deposits$258M
Equity capital$22M
ROA0.37%
ROAQ, quarterly0.35%
ROA, pretax0.35%
ROAQ, quarterly, pretax0.5%
ROE4.73%
ROEQ, quarterly4.55%
UpdatedApr 11, 2013

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.