Stephen F. Christy, President and CEO of Mascoma Savings Bank, has announced his plans to retire on January 1, 2017 after almost 27 years at the helm of the local institution he first joined as a teller in 1973. Christy has held the top post at Mascoma Savings Bank since February of 1990. He also serves on the executive committee and the board of directors, which will embark on a search for his successor with the assistance of Kaplan Partners of Philadelphia, Pennsylvania.
“In making my plans for retirement, I’m comfortable in knowing that the commitment Mascoma Savings Bank has made to its customers and to the communities it serves will not change,” Christy said. “These values are ingrained not only in our culture, but also in our basic foundation as a mutual bank. We’re here for our customers. It’s as simple as that, and I have every confidence that it will always remain that way.”
“Mascoma Savings Bank has experienced unprecedented growth and prosperity under Steve Christy’s leadership,” said Gretchen E. Cherington, Chair of the Board of Directors.
“The board and I are extremely proud of Steve’s accomplishments and his years of service to the Bank,” she added. “His name has become synonymous with Mascoma Savings Bank; it will be a challenge to replace him, but we are confident that his legacy will continue.”
Christy’s unwavering commitment to the community banking industry was recognized in 2014 with his selection as the Community Banker of the Year by the New Hampshire Bankers Association. He is a past director of the Vermont Bankers Association and a past director and chairman of the New Hampshire Bankers Association. He is also a former director of the Federal Home Loan Bank of Boston, where he chaired the audit committee. He is a former director of the American Bankers Association in Washington, D.C.;
Headquartered in Lebanon, New Hampshire, Mascoma Savings Bank is a $1.4 billion mutually owned bank established in 1899 with 27 branch locations in western New Hampshire and eastern Vermont, and two loan production offices in Vermont. The Bank also offers investment services through Mascoma Wealth Management, and insurance products through its wholly owned subsidiary, Centurion Insurance Group. The Bank is a member of the Federal Deposit Insurance Corporation (FDIC).