Last Updated on September 6, 2022 by admin
Meredith Village Savings Bank
If you’re in the market for a new bank, consider Meredith Village Savings Bank. As an independent community bank, it provides all of the services you need for a full range of banking needs, including checking and savings accounts, as well as loans and insurance. They also offer online banking and debit cards, as well as bill payment and cash management services. The bank’s location in Meredith, North Hampshire, makes it easy to visit the branch without missing an important event.
Meredith Village Savings Bank offers a complete suite of banking products
Meredith Village Savings Bank offers dozens of deposit products for customers. This New Hampshire bank offers checking and savings accounts, money market accounts, CDs, and IRAs. It also offers mortgage products and credit cards. Customers are generally satisfied with the bank’s customer service, but the bank lacks all-day customer service and premium products. Its customers rate its online and mobile banking options as fair.
The Meredith Village Savings Bank is FDIC-insured and boasts a high Texas Ratio of 2.94%. The ratio measures a bank’s bad assets compared to its total capital. A low Texas Ratio means the bank is stable, while a high one shows greater risk. Its mobile app is a convenient way to manage your accounts and communicate with the bank’s customer service.
It is an independent community bank
Meredith Village Savings Bank is a long-standing financial institution based in Meredith, New Hampshire. Founded in 1869, the bank has grown to eleven fullservice locations throughout central New Hampshire. Its core values are integrity, respect, teamwork, excellence and stewardship. Customers can use their internet banking account to check their account balances, view their statements and receive account alerts. Besides online banking, Meredith Village Savings Bank also offers a number of mobile apps, so you can access your accounts anywhere, anytime, from any device.
In April 2015, Meredith Village Savings Bank joined the Merrimack County Savings and The New Hampshire Trust Company to form NHTrust, a multibank mutual holding company. NHTrust combines the financial advisory and trust services of the three community banks. The bank’s roots began as three 150-year-old community banks, and this affiliation allows it to provide superior financial advisory and trust services to its customers.
In 2011, Meredith Village Savings Bank added government-insured mortgages to its loan profile. The bank sells these loans to wholesale lending partners to generate fee income. Since then, fee income from government-insured mortgages has increased 40 percent. In 2013, the bank saw its best year ever in terms of profit and number of customers. However, the bank is continuing to strive for higher profitability.
Recently, the Meredith Village Savings Bank celebrated its first 140 years of business. Founded in 1869, the bank was formed by Meredith businessman Seneca Ladd. It received its initial charter on June 30, 1869. To mark this historic milestone, the bank held an open house in Meredith and plans to hold similar events in each of the communities it serves throughout the month of November. CEO Sam Laverack will be hosting Friday’s event. Guests will receive refreshments and learn about the history of the bank.
It is FDIC-insured
Based in Meredith, New Hampshire, Meredith Village Savings Bank was founded in 1869. The bank operates from 16 banking locations. While the bank has a small branch network, it does offer mobile and online banking. The only drawback is that the bank doesn’t provide all-day customer service. The hours of operation are typically 7:30 a.m. to 5:30 p.m. ET on weekdays and 8:00 a.m. to 2:00 p.m. ET on weekends. However, the online and mobile banking experience is consistently received well by customers.
Although the bank is not a consumer-owned institution, it is FDIC-insured and has a strong balance sheet. It has ninety-six million dollars in assets and $689 million in deposits. In addition, the bank has an excellent Texas Ratio of 2.94%. The Texas Ratio measures a bank’s risk of failure based on its bad assets versus its available capital. A low Texas Ratio indicates a low risk of failure, while a high one suggests a high risk of failure.
When looking for a high-interest savings account, Meredith Village Savings Bank has several deposit options. While savings accounts earn a reasonable rate, you should be aware that CDs have certain limitations on the withdrawal of funds. However, if you’re looking for higher rates, CDs might be the best option for you. This bank has 16 branch locations across the U.S.
It has an excellent Texas Ratio of 2.94%
The Texas Ratio is the most common method used to assess the strength of a bank, and it is based on the non-performing loans divided by the total amount of equity capital. Banks with low ratios are considered to be less risky than those with high ratios, so Meredith Village Savings Bank has an excellent Texas Ratio. But is a low ratio always a good thing?
This bank has 16 locations across the United States, and offers a full range of deposit products. Although the bank does not offer an all-day customer service department, it does offer mobile banking and online banking. Customers have generally positive feedback about the convenience of mobile and online banking, and the overall service of the bank. This is a good sign for those who are looking for a bank that offers a high rate on their savings.