Mascoma Bank

Today we wish Sheila Jacobs a happy retirement from Mascoma Bank. "Sheila recently celebrated her 40th year anniversary at the bank and throughout her career she has had the reputation of being an outstanding banker in the community. In addition to leading the Bethel branch for many years, she created Mascoma Bank's municipal program that now serves over 60 communities, bringing local banking to many towns," shares Scott Young, Chief Retail Banking Officer.
Please join us in congratulating Sheila on her retirement. Thank you for sharing your knowledge and caring for our communities, Sheila!

Many colors make a bright community.
🌈
Members of the Keene team participated in Mascoma Bank's Rainbow Day on June 28 to show support for the LGBTQ+ community on the 55th anniversary of the Stonewall Riots, a pivotal moment in the movement for equal rights.
For each employee who shared a picture, a $5 donation was pledged to the Pride Center of Vermont on behalf of Mascoma Bank and CoAlign, the Bank's diversity, equity, and inclusion people resource group.

Many sporting events feature some type of 50/50 drawing, with the organizer keeping half and the winning ticket pocketing the rest.
North of the border, the Toronto Blue Jays are making it a major part of your in-game experience. The Jays Care Foundation, the largest 50/50 program in Major League Baseball, has already paid out over $4 million through jackpots so far this season, and in September the team will wait until the last home game for a single prize expected to top $3 million.
Fun Fiscal Fact Friday, a tidbit of information on all things financial to share with family and friends.

Join us for Mascoma Bank Night at the Upper Valley Nighthawks game on July 2! (Rescheduled from June 20.) Not only do you get free admission at this game and each home game all season long, but the first 100 kids to visit the Mascoma Bank table take home a free souvenir baseball bag. See you at The Max (Maxfield Sports Complex in White River Junction, VT) on 7.2.24!
Find more details about the Nighthawks games: https://bit.ly/4biDgTs.

Congratulations to Visions for Creative Housing Solutions on the opening of Spruce House in Hanover, NH! Spruce House is their third supported housing residence to meet the needs of adults with developmental disabilities in the Upper Valley. Visions is a valued community resource and Mascoma Bank and the Mascoma Bank Foundation are pleased to support their mission.

How much money will you need to retire? Check out the Banzai Coach to find out: https://bit.ly/3zhVGGH.

Mascoma Bank partners with Banzai to bring you clear, in-depth lessons that help you dive into the financial topics you care most about.

Turning Point Recovery Center of Springfield, Vermont offers resources and programming to support people affected by substance and alcohol use disorder. The Mascoma Bank Foundation is pleased to have supported this community-focused organization with their kitchen renovation.
“This project has truly transformed not only the aesthetic feel of this part of our community recovery center, but the functional capability of the kitchen to provide several services including community meals, staff meals, educational programs relating to cooking and baking, including ‘Meals on a Budget.' We are now able to provide Holiday dinners, as well as have ample space for preparation of food and beverage for the many recovery support groups we host on site.” - Carrie Becker, Development Director, Turning Point Recovery Center of Springfield, Vermont, Inc.

Area Manager Rick Lemay looks forward to hosting first graders from the Bernice A. Ray School at our Hanover, NH branch each year. It can be tricky to figure out what to tell kids about money and when, and we're happy to help support our communities whenever we can.

Some housing news in today’s edition of Fun Fiscal Fact Friday.
According to the Federal Housing Finance Agency, U.S. house prices rose 6.6 percent between the first quarter of 2023 and the first quarter of 2024.
Housing prices rose in all 50 states during that time with the highest annual appreciation happening in Vermont, at a 12.8% increase. New Hampshire, with a 9.7% increase, ranked #9.
Fun Fiscal Fact Friday, a tidbit of information on all things financial to share with family and friends.

Mascoma Bank branches will be closed Wednesday, June 19 in observance of the Federal holiday Juneteenth. Online banking, mobile banking, and ATMs will be available to meet your banking needs. Our Customer Care Call Center will be open 9am-5pm on June 19.
mascomabank.com/locations

Have you ever purchased alcohol in Pennsylvania and thought it was a bit on the pricey side? Well, there’s a reason for that. Following the Johnstown flood of 1936, the Pennsylvania legislature enacted an 18% “flood tax” for every bottle of alcohol sold. The law was originally designed to span ten years, but remains in effect today. It’s also unavoidable, as all liquor sold in the Quaker State occurs at state-run stores. The funds raised from the tax do not go to disaster recovery efforts anymore—they're funneled into Pennsylvania's general fund.
Fun Fiscal Fact Friday, a tidbit of information on all things financial to share with family and friends.

This week we celebrate 20 years with Asset Management Associate Katie-Anne Washburn! She shares, "Being part of Mascoma Community Development and Mascoma Bank's community development lending team has allowed me to witness the change created in revitalizing distressed communities and supporting job creation." Thank you, Katie, for all that you do and congratulations on 20 years of growth and development with Mascoma!

Mascoma Bank's latest Power Hour session with the Mars Hill Group focused on the history and importance of Juneteenth, which became a federal holiday in June 2021 and celebrates freedom. It commemorates June 19, 1865, when enslaved Americans in Texas received word that they were free—more than two-and-a-half years after President Lincoln issued the Emancipation Proclamation.
Mascoma Bank employees are invited to a variety of Power Hour sessions throughout the year hosted by CoAlign, an employee resource group that provides opportunities for education and open discussion on topics related to diversity, equity, and inclusion.

Sherri Withington, AVP Branch Manager in Canaan, and Mel Foden, Business Services Specialist, recently visited Canaan Elementary School and Indian River Middle School in Canaan, New Hampshire for two afterschool sessions with students and family members about financial literacy. They introduced age-appropriate activities about money and saving and answered questions from participants. It was a great opportunity to learn more about what support families need when learning about finances and connect with the Mascoma Valley Regional School District community (...or reconnect—Mel is a MVRSD alumna)!

Help protect yourself from identity theft—bring your documents with personally identifiable information to Community Shred Day on June 22 at Mascoma Bank's Operations Center in White River Junction, Vermont.
Each person can shred up to three boxes of documents such as old bank statements, tax returns, bills, receipts, credit card applications, and outdated medical records at this free event. Non-perishable donations will be gratefully accepted for the Upper Valley Haven and the HIV HCV Resource Center. More details: https://bit.ly/3VcD0zr.

If you have a few things at a self-storage unit, let’s just say you aren’t alone. The USA is home to 90% of the worldwide self-storage industry with 50,000+ facilities generating nearly $50 billion in revenue.
The average price to rent a self-storage unit is over $100/month, making it one of the fastest growing industries in commercial real estate for the last four decades. Moving is the #1 reason people give for using the facilities, with more than 20% of renters saying they currently have items there. Fun Fiscal Fact Friday, a tidbit of information on all things financial to share with family and friends.

Pride Month is a celebration of LGBTQ+ lives and history. It's also a celebration of our unique differences as individuals and the similarities we share as community members.

Check out some free, local events happening in June and throughout 2024:
6.14.24 Lebanon Opera House Pride Picnic [https://lebanonoperahouse.org/events/pride-picnic/]
6.15.24 Pride Portland [https://www.prideportland.org/]
6.29.24 White Mountains Pride [https://www.whitemountainspride.com/]
6.29.24 Springfield Vermont's Rainbowpalooza [https://www.rainbowpalooza.org/]
7.20.24-7.27.24 WRJ Pride [https://www.mainstreetmuseum.org/wrjpride]
9.15.24 Keene Pride Festival [https://www.keenepride.org/festival]
Pride Center of Vermont event calendar [https://www.pridecentervt.org/events/]
OUT Maine event calendar [https://www.outmaine.org/support/pride/]

We're proud to announce that Mascoma Bank has been selected as Business of the Year in Finance/Insurance by Business NH Magazine!
Previous winners serve as judges and review a comprehensive application including a business' impact on the communities where they operate, its strategy and vision, and letters of recommendation from business leaders around New Hampshire.
Read more and learn about all the winners: https://bit.ly/4e3eREc.

Sandy Pelletier of Gateways Community Services
Marcus Weeks of Meredith Village Savings Bank
BlueLion, LLC
CORE Methods The Behavior Bootcamp
Easterseals New Hampshire
HEALTHFIRST Family Care Center, Inc.
Mainstay Technologies
Monadnock Food Co-op
Outdoor Pride Landscape & Snow Management

Looking good, Littleton! Love to see the community coming together to uplift downtown for all to enjoy.

Upper Valley, are you ready for some baseball? For the fourth year in a row, you can catch Upper Valley Nighthawks games for free at the Maxfield Outdoor Sports Complex in White River Junction, VT. The Nighthawks' home opener is on Sunday, June 9 at 5PM. Admission is sponsored by The Jack and Dorothy Byrne Foundation and Mascoma Bank.
For the full schedule and more details: https://bit.ly/3Vnlyd0.

Britian's Royal Mint is announcing a new coin, set to be released to mark 80 years since the D-Day landings during World War Two.
The 50p coin arrives ahead of the June 6th anniversary.
On that day, in 1944, Allied forces landed across five beaches in northern France.
The landings were a pivotal moment that marked the start of the campaign to free Europe from the N***s.
To celebrate the unveiling, the coin's design was recreated in the sand on Gold Beach in France where troops landed in 1944. At 115 feet, the sand art took more than five hours to create.
Fun Fiscal Fact Friday, a tidbit of information on all things financial to share with family and friends.

In the five years that Kyle Duddie has been with Mascoma Bank, he's been laser-focused on how he and his team can use technology to improve people's lives. He shares, "Continuous improvement goes beyond groundbreaking advancements in technology; we also strive to improve processes and procedures, people and relationships, and the environment in which we work. These objectives have led to an adaptable, empowered, and extremely capable team who drive innovation across the entire bank."
Congratulations on your work anniversary, Kyle, and thanks for using technology to make positive change!

May is Mental Health Awareness Month. Millions of American live with mental health conditions and most everyone has been affected personally or through connections. We can each help decrease stigma and extend support to one another. Earlier this month Mascoma Bank team members wore green to show their support and shared resources from NAMI (the National Alliance on Mental Illness).

Today we celebrate five years with Catie Eastman. As a mortgage underwriter, Catie has the opportunity to play a crucial role in helping our neighbors achieve their dreams of homeownership. Thanks to Catie for all she does to help get community members closer to their goals!

An interesting financial aspect of the upcoming holiday is that while there are 11 federal holidays created by Congress—including Memorial Day—they apply only to federal employees and the District of Columbia. The original Memorial Day allowed Civil War veterans, many of whom were drawing a government paycheck, to honor their fallen comrades without being docked pay. For the rest of us, Memorial Day was decided upon by the state.
President Johnson named Waterloo, New York as the birthplace of Memorial Day in 1961, and it was officially recognized as a federal holiday in 1971 when Congress passed the Uniform Monday Holiday Act establishing Memorial Day as a federal holiday on the last Monday of May.
Fun Fiscal Fact Friday, a tidbit of information on all things financial to share with family and friends.

Mascoma Bank branches will be closed Saturday, May 25 through Monday, May 27 in observance of the Federal holiday. Digital banking and ATMs will be available to meet your banking needs. Our Customer Care Call Center will be open 8am-2pm on the 25th and 9am-12pm on the 26th. For more info on hours and branch locations: https://www.mascomabank.com/locations/.

We're celebrating five years with Digital Mortgage Lender Mark Roux! He is amazed how quickly the time has gone by and we are grateful for all the ways he helps our mortgage customers. Congrats and thank you, Mark!

Member FDIC. Equal Housing Lender.

This week we celebrate five years in South Burlington, Vermont! Our branch on Shelburne Road was the first Mascoma Bank retail branch to open in Chittenden County. Branch Manager Amanda Caringi and her team have enjoyed making connections in the community and helping customers with their financial needs. Mascoma Bank has been in the Burlington area for 10 years, now with three retail branches and a loan production office, and offers full-service banking that includes wealth management, private banking, and residential lending.

Mascoma Bank is a Certified B Corp, Member FDIC, and Equal Housing Lender.

Wondering where you can cut expenses from your budget? The interactive Trim Your Budget Coach from Banzai makes it easy: https://bit.ly/3QOOpnN.

Mascoma Bank has partnered with Banzai to bring you clear, in-depth lessons that help you dive into the financial topics you care most about.

Trim Your Budget Set a goal for reducing your budget each month, then evaluate your expenses and create new goals.