New Hampshire Business Review - November 4 2011

N.Y. bank to buy Hampshire First

Manchester-based Hampshire First Bank has agreed to be acquired by Norwich, N.Y.-based NBT Bancorp.The deal, valued at $45 million, is expected to close in the early second quarter, pending state and federal regulatory approval as well as approval by shareholders,…

Processor: N.H. retailers gain from 'swipe fee' cap

New Hampshire merchants are already benefiting from recently enacted federal legislation that capped the amount big banks can charge merchants when their customers use debit cards, according to a national payments processor.Heartland Payment Systems -- the country's fifth-largest payments processor…

Presstek says 'deep' layoffs loom

Presstek Inc. will slash its workforce in an attempt to regain profitability after posting a third-quarter loss of more than $5.4 million, the company announced Monday.The printing equipment company, which employs 130 people in Hudson and 450 overall, would not…

Crowdfunding gets big boost in Congress

A bill that would let entrepreneurs sell ownership stakes in their companies through crowdfunding websites and other online social networks has been overwhelmingly approved by the U.S. House.Earlier this month, members of the House voted 407-17 in favor of HR…