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.”
Danny Desrosiers Joins WGSB's Plymouth Office
[Plymouth, NH: October 25, 2016] Dan Stannard, Senior Vice President and Senior Lending Officer of Woodsville Guaranty Savings Bank (WGSB) announced the addition of Danny Desrosiers as Assistant Vice President and Business Development Officer. Danny will work from the bank’s Plymouth office, located on Tenney Mountain Highway, and be responsible for building and servicing banking relationships within the greater Plymouth area. He will also work closely with Richard Manzi, VP and Regional Market Manager, and the bank’s Plymouth office team to support their many business and community development activities.
Danny joins WGSB with nearly 40 years of retail banking and bank management experience within the Plymouth community. Most recently, he served as AVP/Retail Banking at Community Guaranty Savings Bank (acquired by Bank of New Hampshire). Before that, he was AVP, Regional Branch Manager for Northway Bank (formerly Pemigewasset National Bank).
Danny is a graduate of the Northern New England School of Banking and has earned many additional banking-related certifications. In addition to his professional experience, he is also very involved the community. He is currently a member of both the Campton and SAU #48 school boards, positions he’s held for 29 years. He is Grand Knight for the Knights of Columbus Council of Plymouth and served as its financial secretary for 23 years. Danny is a past director of the NH Safe Deposit Association, Speare Medical Associates, and Waterville Region Chamber of Commerce, and has served on many other boards and committees for a variety of municipal and charitable organizations.
“Danny’s banking experience, community involvement, and commitment to local, community banking here in Plymouth make him a wonderful fit for WGSB,” said Stannard. “We are thrilled to have him on board to help us serve local families and businesses.”
Danny and his wife, Dori, live in Campton, NH. They have two grown children.
WGSB Announces New Year of High School Banking Program
[Woodsville, NH – August 2016] 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 13,000 students to date, 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.