Ledyard National Bank announced today that it has established a $50MM fund from which it will make loans to individuals and businesses in New Hampshire and Vermont.
Kathy Underwood, President and CEO of Ledyard stated, “We are committed to doing our part to contribute to the economic recovery of our region. We have a lot of money to lend to this cause and hope to distribute the $50 million by the end of 2010. I have every expectation that we will be very busy over the next six months.”
Dan Stannard, Senior Vice President and Senior Loan Officer added, “Ledyard is about providing the financial and human resources necessary to help our communities grow and prosper. We look forward to every opportunity that helps us develop new relationships or deepen ones that we’ve had for many years.”
Ledyard Financial Group, Inc., headquartered in Hanover, New Hampshire, is the holding company for Ledyard National Bank. Ledyard National Bank, founded in 1991, is a full service community bank offering a broad range of banking, investment, tax and wealth management services in the Dartmouth-Lake Sunapee Region. Ledyard National Bank has eight offices with locations in Hanover, Lebanon, Lyme, New London, and West Lebanon, New Hampshire and in Norwich, Vermont.
Ledyard Financial Group, Inc. shares can be bought and sold through the NASD sanctioned “Pink Sheets” under the trading symbol LFGP. Shares may be traded through an individual’s broker. For more information, please refer to the “Investor Relations” section of the bank’s website at www.ledyardbank.com or contact the Company’s Chief Financial Officer, Gregory D. Steverson.
Source: Ledyard, 7.6.2010
Ledyard National Bank launches $50 million lending campaign
Submitted by tim
on