New Hampshire Thrift Bancshares, Inc. Announces the Retirement of Stephen W. Ensign
15 Mars 2013 - 9:20PM
Marketwired
New Hampshire Thrift Bancshares, Inc. (the "Company") (NASDAQ:
NHTB), the holding company for Lake Sunapee Bank, fsb (the "Bank"),
today announced that Stephen W. Ensign will retire as an employee
of the Company and the Bank, effective April 30, 2013. Mr. Ensign,
who is in his 42nd year with the Bank, will continue to serve as
the Chairman of the Boards of Directors for both the Company and
the Bank.
Mr. Ensign served as President and Chief Operating Officer from
1987 to 1992 and as Chief Executive Officer from 1992 to 2012, when
he transitioned to the role of Executive Chairman in June of last
year. He was succeeded as the Chief Executive Officer by Stephen R.
Theroux, who previously served in the roles of the Chief Financial
Officer and Chief Operating Officer, first joining the Company in
1987.
When it was first known as the Newport Savings Bank, Mr. Ensign
began his career with the Bank in 1971. And during his tenure, the
institution grew from $13 million asset with one full-time office
to what is now a $1.3 billion company with 29 branches throughout
New Hampshire and Vermont, as well as the 3 offices of the
McCrillis & Eldredge Insurance, Co., a wholly owned subsidiary
of the Bank.
Following his formal retirement on April 30th of this year, Mr.
Ensign will continue to provide services to the Company and the
Bank through a consulting agreement that will become effective on
May 1, 2013.
Mr. Theroux emphasizes the impact of Mr. Ensign's service
stating, "Steve Ensign has been an iconic figure in the history of
our Company and of the Bank. During the past 42 years he has been
involved with every major decision that has shaped our institution
and has seen us grow into a diverse $1.3 billion financial services
company. We are fortunate to retain Steve's guidance and presence
as Chairman of our Boards of Directors."
About New Hampshire Thrift Bancshares,
Inc.
New Hampshire Thrift Bancshares, Inc. is the parent company of
Lake Sunapee Bank, fsb, a federally chartered stock savings bank,
which provides a wide range of banking and financial services
through 29 offices strategically located within the greater
Dartmouth-Lake Sunapee-Kearsarge and Monadnock regions of
west-central New Hampshire and central Vermont. McCrillis &
Eldredge Insurance, Inc., a wholly owned subsidiary of the Bank, is
a full-line independent insurance agency, which offers a complete
range of commercial insurance services and consumer products
through three offices located in Newport and New London, New
Hampshire, and Brandon, Vermont. New Hampshire Thrift Bancshares,
Inc. has total assets of approximately $1.3 billion.
Forward-Looking Statements
The Company wishes to caution readers not to place undue
reliance on any such forward-looking statements contained in this
press release, which speak only as of the date made. Actual results
may differ materially from those indicated by such forward-looking
statements as a result of various important factors discussed under
the caption "Risk Factors" in our Annual Report on Form 10-K for
the year ended December 31, 2011, and in subsequent filings with
the Securities and Exchange Commission. In addition, the
forward-looking statements included in this press release represent
our views as of the date of this release. The Company and the Bank
do not undertake and specifically decline any obligation to
publicly release the result of any revisions that may be made to
any forward-looking statements to reflect events or circumstances
after the date of such statements or to reflect the occurrence of
anticipated or unanticipated events.
For additional information contact: Stephen R. Theroux
President & CEO 603-863-0886
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