Claremont Savings Bank held its 117th Annual Meeting on April 4, 2023. At the business portion of the meeting, two new Corporators were elected:
Greg Soho – Greg is Co-owner/CFO of Granite Air Center, LLC. Granite Air Center is a full-service Fixed Base Operation providing aircraft fueling and ground support, aircraft maintenance, and short-and long-term hangar storage at the Lebanon Municipal Airport in West Lebanon, NH. Greg holds a BBA in GeneralBusiness and Finance from the University of Massachusetts Amherst (1988) and an MBA from the University of Massachusetts Amherst (2002). He lives in Windsor, Vermont.
Jon S. Liland –Jon is an attorney and a shareholder at the law firm of Sheehan Phinney Bass + GreenPA, and the head of their White River Junction office. Jon is a graduate of Boston College Law School and Cornell University, and lives in Hartland, Vermont.
President and CEO, Reggie Greene said “we are thrilled to welcome Greg and Jon as Corporators of Claremont Savings Bank. Both Greg and Jon have experience in business, finance and law that will help the Bank as we evolve, and their work and connections in the Upper Valley will help us grow our market share. We are excited about the progress we’ve made since opening a full-service branch in West Lebanon last year”.
Following the business portion of the meeting, Mr. Greene and Lynn Smith, Chief Financial Officer, presented the Bank’s 2022 results, expectations for 2023, and the recent failures of Silicon Valley Bank and Signature Bank along with the responses by the Federal Reserve and FDIC.
On April 5, 2023 at the Claremont Savings Bank Board meeting, Heather Minkler was elected Chair of the Board and Kathleen Hubert was elected as Vice Chair of the Board. Mr. Greene thanked Steven Monette for his years of service as the Chair of the Board.
