Kaila DeCaro of St. Johnsbury, VT Promoted to Credit Analyst
[Woodsville, NH: October 30, 2019] Stefanie Gulick, Vice President, Loan & Credit Administration Officer at Woodsville Guaranty Savings Bank announces the promotion of Kaila DeCaro to Credit Analyst - Small Business Lending. In her new position, Kaila will be responsible for the underwriting of small business loans, to expedite the bank’s small business lending process for businesses and entrepreneurs.
Kaila joined WGSB as a teller in the fall of 2011 and quickly added Customer Service Representative to her role. In 2014, she transferred to the Consumer Lending Department where she helped process and service consumer loans and provided support to customers. Since 2016, she has worked as a Commercial Loan Assistant, helping commercial lenders and their customers before, during, and after loan closings. She also played an integral role in the development of the bank’s new online lending platform, which helps streamline the loan data and document collection process for customers and their lenders.
“Kaila is a highly-motivated, detail-oriented, energetic person, all qualities that make her the perfect fit for this new position,” said Gulick. “As an SBA Preferred Lender, small business owners and entrepreneurs count on us for fast turnaround of their loan requests, so having Kaila focused on this part of the process will be a real asset to our customers.”
Kaila has a Bachelor of Science degree from the University of Vermont and has completed a variety of additional coursework in accounting and financial statement analysis. She lives in St. Johnsbury, Vermont with her husband, Nick, and children, Emerson, 4 and Bryce, 1. She loves to cook and watch the Blacklist, and as a mom of two little ones, she also loves to go to the grocery store…by herself.
Stefanie Gulick of Thetford, VT Joins WGSB's Loan Team
[Woodsville, NH: August 2, 2019] Daniel Stannard, Executive Vice President and Senior Lending Officer of Woodsville Guaranty Savings Bank announces the hiring of Stefanie Gulick of Thetford, Vermont as Vice President, Loan and Credit Administration Officer. Stefanie’s responsibilities include supervision and support of the bank’s Loan Operations Department, commercial credit staff, and full-time commercial lending assistants, as well as management of the bank’s loan origination platform.
Stefanie joins Woodsville Guaranty Savings Bank from Ledyard National Bank where she was Vice President and Commercial Credit Manager for the past ten years. Her prior banking experience includes work as a commercial credit analyst and in retail branch banking.
Stefanie is a graduate of Bentley College (University) with a Bachelor of Science degree in Economics and Finance and a graduate of the Northern New England School of Banking. She is a first year graduate student at the Barret School of Banking and has completed many banking related certificate and other programs.
In addition to her professional work, Stefanie is an active volunteer, sharing her time and talents with a number of area organizations. She is Treasurer of the Upper Valley Habitat for Humanity, Board Chair for the Orford Funds for Excellence Committee, and a member of the Thetford Youth Recreation Committee and VT Women in Leadership Planning Committee. Stefanie lives in Thetford with her husband, Shaun, and two children.
“Stefanie is a very talented, bright, and energetic person,” said Stannard. “This new position is a great opportunity for her to grow in her career and a great opportunity for us to learn from the skills she will bring to the bank. We welcome her experience and consider her addition to our team a real asset to WGSB and our customers.”
WGSB Offers Assistance to Middle Income Homebuyers Through FHLBank Boston Program
[Woodsville, NH – June 3, 2019] Woodsville Guaranty Savings Bank has been selected to participate in the Federal Home Loan Bank of Boston’s (FHLBank Boston) Housing Our Workforce (HOW) program.
Launched this year, HOW provides assistance to FHLBank Boston financial institution members to help local homebuyers earning more than 80 percent and up to 120 percent of the area median income with down payments on owner-occupied primary residences.
The $2 million program offers a two-to-one match of down payments made at the time of purchase by eligible homebuyers. Borrowers can receive up to $20,000 in assistance on a first-come, first-served basis.
“Many homeownership programs are designed to assist lower-income individuals and families. It can be challenging for those in a slightly higher income range to afford housing, particularly in communities where home prices are rising. With this program, a greater number of borrowers will be able to achieve homeownership,” said Dan Stannard, Executive Vice President and Senior Lending Officer at Woodsville Guaranty Savings Bank.
Woodsville Guaranty Savings Bank is eligible to receive up to $100,000 in 2019 through Housing Our Workforce depending on availability of funds.
To learn more about applying for assistance, please contact a residential lender at 800-564-2735.
Alison Bruce & Victoria Dickenson Accept New Positions
[Woodsville, NH – April 18, 2019] James Graham, President and Chief Executive Officer of Woodsville Guaranty Savings Bank announces the following employee news.
Alison Bruce, Vice President and Compliance and Risk Specialist, added CRA (Community Reinvestment Act) and Privacy Officer to her position, and will supervise the Bank’s BSA and Fraud areas. She assumed these responsibilities from Wendy Hazlett, VP Compliance Officer, to prepare for Wendy’s upcoming retirement. A resident of East Corinth, VT, Alison joined the bank in 2018 with nearly twenty years of retail banking experience, specializing in compliance and risk management.
Victoria Dickenson accepted a newly created position of BSA (Bank Secrecy Act) and Fraud Analyst. Tori joined the bank in 2011 as a teller and succeeded in many retail roles before transferring to the Deposit Operations Department in 2014. In her new position, she is responsible for investigating cases of fraud, identity theft, and money laundering, as well as handling required federal reporting.
“Alison and Tori are very skilled in their individual positions,” said Graham. “We are so fortunate to have them on the WGSB team, each willing and able to assume new roles as the bank grows, expands, and continues to meet the needs of our customers.”
Woodsville Guaranty Savings Bank is a New Hampshire state-chartered savings bank headquartered in Woodsville, with nine banking offices in the communities of Woodsville, Piermont, Lisbon, Littleton, Lancaster, Plymouth, and Franconia, and a loan production office in Hanover.
Daniel Stannard and Jeneil McAllister Promoted
[Woodsville, NH – March 7, 2019] The Woodsville Guaranty Savings Bank Board of Directors voted to promote two of the bank’s employees at its recent meeting. The Board appointed Daniel Stannard Jr. to the position of Executive Vice President and Senior Lending Officer, and Jeneil McAllister to the position of Vice President and Information Security Officer.
Dan Stannard oversees the bank’s consumer, residential, and commercial loan portfolios. He joined the bank in 2014 with more than twenty years of experience in lending, loan management, and business development. In addition to his banking experience, Dan worked to help establish the Rutland County Community Land Trust, assisting in the development of affordable housing through the innovative expansion of available housing opportunities. He is currently a board member and treasurer of Twin Pines Housing Trust, and regularly helps out at youth sports programs and other school activities. He is the former chair of the Manchester Health Service Board (Visiting Nurses) and President of the Regional Affordable Housing Corporation.
“Dan’s experience, leadership style, and attention to the needs of our customers make him a real asset to the bank and management team,” said Jim Graham, Woodsville Guaranty Savings Bank President and CEO. “We appreciate his help to grow the bank’s loan and deposit relationships and grow our support of local families, businesses, and communities.”
Jeneil McAllister was promoted from Network Security Officer. She started with the bank in 1986 in the NOW/Bookkeeping Department. Since then, she has served in many roles including Data Processing Manager, Assistant Branch Operations Manager, PC/Network Administrator, and Network Security Officer. In making the appointment, the Board recognized Jeneil for her contributions to the bank’s Information Technology area.
“Jeneil has shown great leadership and skill in making sure that the bank’s resources meet the needs of our customers and our employees,” said Graham. “She has played a key role in our ability to manage growth and implement new technologies in recent years and will continue to do so as we meet similar challenges in the future.”
Alison Bruce of E. Corinth Joins Senior Management Team
[Woodsville, NH: August 23, 2018] James E. Graham, President and Chief Executive Officer of Woodsville Guaranty Savings Bank announced the addition of Alison Bruce of East Corinth, VT to the bank's Senior Management team.
Alison was hired as Vice President and Compliance and Risk Specialist and will take over the duties of Vice President and Compliance Officer Wendy Hazlett when Wendy retires at the end of 2019.
Alison joins WGSB from Ledyard Bank, where she was Senior Vice President and Senior Operations Officer. Professionally, she has been a banker for nearly twenty years. Specializing in compliance and risk management, she has held many retail banking positions along the way, including teller, CSR, and branch manager. She is a graduate of Community College of Vermont and Stonier Graduate School of Banking, and earned a Leadership Certificate from the Wharton School of Business at University of Pennsylvania. She attended many compliance and risk schools and conferences, and holds a Certified Regulatory Compliance Officer certificate from the Institute of Certified Bankers and a Certified Community Bank Compliance Officer certification from the Independent Community Bankers Association. She is also a member of the Waits River Valley School Board in East Corinth.
“While compliance work is done mostly behind-the-scenes, Alison’s front-line experience, working directly with customers, is a real asset to her and will help the bank continue to meet changing regulations, while having the least impact on customers and staff,” said Graham.
Promotions Announced at WGSB
[Woodsville, NH – July 12, 2018] James E. Graham, President and CEO of Woodsville Guaranty Savings Bank, announced several employee promotions approved by the bank’s Board of Directors at the Annual Meeting of Shareholders.
Amy Crocker was promoted to Assistant Vice President and Financial Analyst. Amy joined the bank in 2000 as a teller in the Lisbon office. In 2006, she transferred to the Finance Department where she was soon promoted to Financial Analyst. Amy coordinates the activities, duties and functions of the Finance Department, and is responsible for the financial reporting and analysis for the bank and its holding company.
Rena Woods was promoted to Indirect Loan Officer & Collections Officer. Rena joined the bank’s Loan Operations Department in 1993. Since 1996, she has been responsible for all the bank’s indirect loan activities, including loan decisions and services to auto, recreational, and equipment dealers throughout the region. During the past nine years, Rena also served as Branch Manager of the bank’s Lisbon office.
Linda Bunnell was promoted to Assistant Vice President & Fiserv Liaison Project Coordinator. Linda joined the bank in 2010 as the Core Server Specialist and was promoted to Core Server Administrator in 2013. Since that time, she has been a key player in many significant projects with the bank’s information systems provider, Fiserv. Linda is responsible for the coordination of all Fiserv related installations and upgrades, working closely with the vendor and employee product owners, as well as serving as an advisor to all departments on any Fiserv related services.
Matthew Smith was promoted to Assistant Vice President & Network Manager. Matt joined the bank in 2003 as PC Administrator. He has held various titles since then, as his responsibilities increased within the Information Technology department and, in 2014, was promoted to Network Manager. In recent years, Matt has assumed a leading role in the enhancement and build-out of the bank’s network infrastructure, often performing installations and upgrades previously subcontracted to network engineers. Additionally, he takes a leading role in security enhancements and overseeing the bank’s vast network resources.
WGSB Announces Opening of Hanover Lending Office
[Woodsville, NH – February 27, 2018] Daniel Stannard, Senior Vice President and Senior Lending Officer for Woodsville Guaranty Savings Bank announced the opening of a business lending office in Hanover. The office is located at 17 ½ Lebanon Street, on the second floor, above Four Seasons Sotheby's International Realty.
Woodsville Guaranty Savings Bank’s Hanover location will provide convenient meeting space for a variety of the bank’s business purposes in the area. In addition, trust officer Randall Saulnier of Community Financial Services Group, the bank’s trust and investment management affiliate, will use the conference area to meet with clients. The location will also serve as a satellite office for bank employees who live in the Hanover and surrounding area.
“Approximately 20% of the bank’s loan portfolio is made up of commercial and residential mortgage relationships in the Hanover, Lebanon, and surrounding area, so the time is right to have a constant presence within the community,” said Stannard.
The Hanover office is currently open by appointment only. For information or to make an appointment to discuss your business needs, contact Dan Stannard at 603-747-2735.
Charles (Chuck) Butson Elected Chair of Bank's Board
[Woodsville, NH – January 26, 2018] James E. Graham, President and CEO of Woodsville Guaranty Savings Bank, announced today the election of Charles “Chuck” Butson to the position of Chair of the Board of Directors of Woodsville Guaranty Savings Bank and Guaranty Bancorp, Inc. Chuck’s promotion fills the seat vacated by long-time Chair, Walter Young, who recently retired.
A native of Woodsville, Chuck is Managing Partner of Butson Hotel Investments and Butson Hotel Management, both headquartered in Essex, VT. Elected to the board in 1990, he has helped the bank navigate significant changes and growth during the past 28 years.
Chuck is the second Butson to serve as Chair of Woodsville Guaranty Savings Bank’s Board of Directors. His father, C. Lincoln Butson, also served the board 1966-1989, as Chair from 1983 until his retirement.
“Chuck’s local roots, entrepreneurial spirit, management style, and commitment to the value of community banking have made his contributions invaluable to the bank for nearly three decades,” said Graham. “We look forward to his continued support and guidance in his new role as Chair.”
“To me, it’s about service: service to the community and to the bank that is such an important part of the community,” said Chuck of his new position. “As Chair, I will work with my fellow board members to ensure effective governance of the bank, while giving its terrific management team the tools it deserves to keep WGSB strong and responsive to the people, businesses, and others that rely on it.”
Bud Crane of Plymouth Elected to WGSB's Board of Directors
[Woodsville, NH – December 15, 2017] James E. Graham, President and CEO of Woodsville Guaranty Savings Bank, announced today the election of Francis “Bud” Crane of Plymouth, NH to the Board of Directors of Woodsville Guaranty Savings Bank and Guaranty Bancorp, Inc.
Bud is the president and owner of Andrews Construction Co., Inc., a sitework and concrete company, located in Campton. Bud founded Andrews Construction in 1978 with one employee and has grown the business to one that employs 45 people. His commitment to quality work, timeliness, integrity, and safety has made Andrews Construction a highly respected company with commercial, residential, institutional, and municipal clients throughout New Hampshire.
Bud is a graduate of Plymouth State College and has a long list of industry related certifications and licenses. He is active within the construction industry as a member of the Associated Builders and Contractors NH/VT Chapter and currently serves on the board of its NH Workers’ Compensation Self Insurance Group. In addition, he is a past member of the Colby Sawyer College Facilities Advisory Committee.
“We are so pleased to have Bud join our board,” stated Graham. “His business acumen and experience are valuable to our management team, and his influence within the Plymouth community makes him a great spokesperson for the bank within the area. He will be an excellent addition to the bank’s Board of Directors.”
“It is a real honor to join the bank’s board,” said Bud. “As a business owner and bank customer, I know first-hand how WGSB’s expertise and responsiveness can contribute to the success of local businesses of all sizes. I look forward to working with the bank’s Board of Directors to help grow the bank, while maintaining the high level of service it provides.”
WGSB Announces New Year of High School Banking Program
[Woodsville, NH – August 2017] Students at area high schools have the opportunity to learn about saving and maintaining good credit thanks to a program called How To Do Your Banking. The seven-part financial skills course is funded by Woodsville Guaranty Savings Bank and provided free of charge to area high schools for 11th and 12th grade students.
Woodsville Guaranty Savings Bank’s How To Do Your Banking program teaches students valuable, practical financial lessons including how to open and manage a checking account, making and sticking to a budget, and building and maintaining good credit. In addition to a workbook program, videos are available to reinforce important topics, such as the loan application and qualification process. Bank employees are also available to make in-class presentations on related topics, by teacher request.
Since Woodsville Guaranty Savings Bank first introduced this program in 1995, How To Do Your Banking has reached more than 13,700 students, with 500 students expected to complete the course during the next school year.
“It’s so important that kids have the skills they need to make good financial choices before they leave home for work or college,” said Jim Graham, President of Woodsville Guaranty Savings Bank. “We’re very happy to give young people this chance to practice money management in the classroom, where mistakes won’t cost real dollars.”
Woodsville Guaranty Savings Bank’s How To Do Your Banking program is being used by teachers at thirteen area high schools, including: Blue Mountain Union School, Connecticut River Academy, Davenport School, Lisbon Regional School, Littleton High School, Littleton Academy, Oliverian School, Oxbow High School, Plymouth Regional High School, Profile High School, Rivendell Academy, White Mountains Regional High School, and Woodsville High School.
Tricia Fryman Promoted to Assistant Vice President
[Woodsville, NH: May 19, 2017] James E. Graham, President and Chief Executive Officer of Woodsville Guaranty Savings Bank (WGSB) announced the promotion of Tricia Fryman to Assistant Vice President/Regional Branch Manager.
Tricia works from the bank’s Meadow Street, Littleton office and is responsible for providing management support to the bank’s Littleton/Meadow and Cottage Street offices, Franconia office, and Lancaster office. She also works closely with the retail team to support its many business and community development activities. Her promotion was approved by the bank’s Board of Directors at its Annual Meeting, held May 11.
Tricia joined the bank in 1999 as a teller/CSR at the Lancaster office and transferred to the Littleton/Cottage Street office the next year as a CSR. There, she was promoted to Branch Supervisor (2004) and to Branch Manager (2006). In 2012, she accepted the position of Branch Manager for both the Cottage and Meadow Street offices in Littleton, and in 2016, was named Regional Branch Manager.
“Each step of the way and through many large projects, including the recent relocation of the Meadow Street office, Tricia’s skill, attention to detail, and follow-through have made her a great asset and resource to the bank, her co-workers, and our customers,” said Graham. “We appreciate her many contributions and her ongoing support of the bank’s northern operations.”
In addition to her work here at the bank, Tricia is currently Vice President of the Littleton Area Chamber of Commerce and serves on its Membership Committee. She also volunteers with Granite United Way, serving on the Campaign and Community Impact cabinets, helping to both raise funds and distribute those funds to local community organizations.
Federal Reserve Bank Names WGSB President to Advisory Board
[Woodsville, NH: March 2, 2017] The Federal Reserve Bank of Boston recently announced the appointment of four new members to the First District Community Depository Institutions Advisory Council (CDIAC), including James E. Graham, President and Chief Executive Officer of Woodsville Guaranty Savings Bank. Other new members are Ellen N. Ford, President and Chief Executive Officer, Peoples Credit Union, Middletown, RI, Robert Miller, President and Chief Executive Officer, VSECU, Montpelier, VT, and Brian J. Murphy, Chairman and Chief Executive Officer, Home Loan Investment Bank, Warwick, RI.
Established by the Federal Reserve Board of Governors in 2010, the CDIAC provides a diverse perspective on the economy, lending conditions, and other issues facing thrift institutions, credit unions, and community banks with different charters and regulators (including state member, state nonmember, and national banks). CDIAC members represent the six states in the Federal Reserve's First District: Connecticut (excluding Fairfield County), Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.
"Members of the CDIAC represent community financial institutions from the cities and towns that form the backbone of the New England economy," said Eric S. Rosengren, President and Chief Executive Officer of the Federal Reserve Bank of Boston. "The Council members provide valuable perspectives that inform the Boston Fed's mission of public service across the region."
For more information, visit the Federal Reserve Bank of Boston's website here: http://www.bostonfed.org/cdiac
WGSB Counts Touchdowns for Donation to Local Seniors
[Woodsville, NH: February 22, 2017] Local football fans have one more reason to be excited about the New England Patriots’ championship season.
In September, Woodsville Guaranty Savings Bank (WGSB) announced it would donate $100 for each touchdown scored by the New England Patriots during the season to Grafton County Senior Citizens Council (GCSCC), for the benefit of three local senior centers, Littleton, Plymouth, and Horse Meadow in North Haverhill. Today, Woodsville Guaranty Savings Bank presented GCSCC with a check for $6,833.31, the total of 63 season touchdowns and additional donations from the bank’s employees and customers. Split three ways, each of the senior centers received a check for $2,277.77.
“These senior centers provide so many critical services to the community, in the form of meals, activities, companionship, and resources,” said James Graham, President and Chief Executive Officer of Woodsville Guaranty Savings Bank. “While we support their efforts in many ways, we knew this would be a unique way to support them this year, and would bring our employees and community together for a cause that’s important to us all.”
“We are thrilled to be the beneficiaries of your generosity,” said Roberta Berner, GCSCC Executive Director. “The bank’s contribution will have a great impact on the thousands of older adults we serve through these three locations.”