CRDC Presents Awards at Annual Board Meeting


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CRDC is pleased to announce two awards were presented at its Annual Meeting of Board Members and invited guests held on November 7, at the Audubon Society, in Concord. The first award

CRDC is pleased to announce two awards were presented at its Annual Meeting of Board Members and invited guests held on November 7, at the Audubon Society, in Concord.

The first award recognized Centrix Bank as CRDC’s Bank of the Year.

The award according to CRDC Executive Director, Stephen Heavener is based on the highest dollar volume of loans    referred to CRDC in the fiscal year ending September 30.“Our lenders worked collaboratively with Centrix’s lenders to close three SBA 504 loans totaling more than $1 million last fiscal year,” says Heavener. “This award recognizes Centrix Bank for its dedication and commitment to CRDC’s mission to facilitate economic development throughout the state.” “CRDC has been a true partner to our commercial lending team,” said Joe Reilly, President/CEO Centrix Bank. “CRDC provides alternative products to our business customers and provides the gap funding that is sometimes needed plus they provide outstanding, timely services.”“CRDC is a non-profit that relies heavily on our relationships within the banking industry to achieve our mission,” says Heavener. In addition to Centrix Bank, CRDC worked with 15 other banks last fiscal year according to Heavener and include; Bank of NH, Citizens Bank, Claremont Savings Bank, First Colebrook Bank, Franklin Savings Bank, Lake Sunapee Bank, Ledyard Bank, Mascoma Savings Bank, Merrimack County Savings Bank, Northway Bank, People’s United Bank, Savings Bank of Walpole, St. Mary’s Bank, TD Bank and Woodsville Guaranty.

 

 

 

 

 

 

 

 

Stephen Heavener, Executive Director of CRDC (left) and CRDC’s President of the Board of Directors, Christine Fillmore present Brian Lavoie of Centrix Bank with the 2012 Bank of the Year Award.

CRDC also celebrated the dedication and support of Arlene Adams, of Mascoma Savings Bank as the 2012 Commercial Lender of the Year. The award is based on the number of loans and dollar volume produced together by a commercial lender and CRDC. “CRDC’s sustainability depends on lending funds to growing New Hampshire businesses in collaboration with our banking partners,” says Heavener. “Mascoma’s projects have had a very important impact on our profitability in 2012. We extend a deep appreciation to Arlene for her hard work and commitment to CRDC and our mission.”“Arlene works extremely hard for her customers,” said Steve Christy, President/CEO Mascoma Savings Bank. “It’s no surprise to hear that CRDC has chosen Arlene as its Commercial Lender of the Year. She advocates for her customers and if that means bringing in additional resources of funding to help her customers achieve their goals – she’s working to get it done. CRDC has been great to work with and provides that gap funding that is sometimes needed.”

Caption: Stephen Heavener, Executive Director of CRDC (left) and CRDC’s President of the Board of Directors, Christine Fillmore present Arlene Adams of Mascoma Savings Bank with the 2012 Commercial Lender of the Year Award.



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