News

Ex-Citizens Bank N.H. head to retire

Robert Gormley, president of Citizens Bank New Hampshire in the late 1990s, has announced plans to retire this summer as vice chairman in charge of risk management for Citizens Financial Group, the bank’s parent company. Gormley, who has spent 37…

House votes to extend bar hours

New Hampshire bars may soon likely not be filled with cigarette smoke, but they may be allowed to stay open an hour later. The House voted Wednesday to allow bars to stay open until 2 a.m., despite warnings that the…

Unitil to drop rates May 1

Customers of Unitil will see an electric rate decrease on May 1, the Hampton-based utility announced Tuesday. Competitive contract negotiation led to the lower wholesale electricity prices, which Unitil will pass along to customers, the utility said. Under the new…

Debt crisis may loom for Pennichuck

Pennichuck Corporation may have had had a good fourth quarter, but it faces a looming debt crisis over the next three years, according to a filing with the Securities and Exchange Commission. In a press release, Pennichuck trumpeted a fourth-quarter…

Hatt named new Federal Savings CEO

Donald R. Hatt has been named president and chief executive officer of Dover-based Federal Savings Bank. Hatt, who has worked in the banking industry since 1972, most recently served as managing director of Atlantic Management Company, a financial advisory and…