tag:www.McLean.com,2363230
<![CDATA[Q&A with Laconia Savings Bank President Linda Normandin</h1>
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<time class="updated entry-time" itemprop="datePublished">May 27, 2005</time>
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<a href="https://www.nhbr.com/author/site-staff/">NH Business Review Staff</a><span class="author-sep">, </span>
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<!-- Simple Share Buttons Adder (7.6.21) simplesharebuttons.com --><div class="ssba-modern-2 ssba ssbp-wrap right ssbp--theme-4"><div style="text-align:right"><ul class="ssbp-list"><li class="ssbp-li--email"><a data-site="email" class="ssba_email_share ssbp-email ssbp-btn" href="mailto:?subject=tag:www.McLean.com,2363230&body=%20https://www.nhbr.com/tagwww-mclean-com2363230/"><div title="email" class="ssbp-text">email</div></a></li><li class="ssbp-li--facebook"><a data-site="" class="ssba_facebook_share ssbp-facebook ssbp-btn" href="http://www.facebook.com/sharer.php?u=https://www.nhbr.com/tagwww-mclean-com2363230/" target="_blank" ><div title="Facebook" class="ssbp-text">Facebook</div></a><span class=" ssbp-each-share">0</span></li><li class="ssbp-li--twitter"><a data-site="" class="ssba_twitter_share ssbp-twitter ssbp-btn" href="http://twitter.com/share?url=https://www.nhbr.com/tagwww-mclean-com2363230/&text=%0A%09%09tag%3Awww.McLean.com%2C2363230%0A%09%09%20" target="_blank" ><div title="Twitter" class="ssbp-text">Twitter</div></a></li><li class="ssbp-li--linkedin"><a data-site="linkedin" class="ssba_linkedin_share ssba_share_link ssbp-linkedin ssbp-btn" href="http://www.linkedin.com/shareArticle?mini=true&url=https://www.nhbr.com/tagwww-mclean-com2363230/" target="_blank" ><div title="Linkedin" class="ssbp-text">Linkedin</div></a></li><li class="ssbp-li--print"><a data-site="print" class="ssba_print ssba_share_link ssbp-print ssbp-btn" href="#" onclick="window.print()"><div title="Print" class="ssbp-text">Print</div></a></li></ul></div></div><p>In 1831, Andrew Jackson was president, Nat Turner was arrested for leading a slave revolt and Charles Darwin began his epic journey aboard the HMS Beagle. It also was the year that Laconia Savings Bank was founded by a group of area merchants.</p>
<p>Today, LSB is headed by 50-year-old Laconia resident Linda Normandin, the first woman president and CEO in the bank’s 174-year-old history, who took over the job in January. The fact that she started as a teller some 30 years ago speaks volumes of both the bank and its new president. </p>
<p>As the state’s largest mutual savings bank, with $800 million in assets, over 250 employees and 16 branches covering much of the state, a lot has changed since its inception, but Normandin said certain things have not – its commitment to remaining independent and serving its customers.</p>
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</div><p>Q. Is there a difference in managing a bank that has such history as opposed to a younger establishment?</p>
<p>A. I’m sure there is. We’ve got a strong reputation and some history that goes along with it, as opposed to a new business that’s still building their brand and finding out what they’re all about. </p>
<p>As a mutual organization, we don’t have any stockholders. We can focus on the long-term profitability of the organization, as opposed to short-term, quarterly financial results. That’s been very helpful in determining the progress we want for the bank.</p>
<p>Our philosophy hasn’t changed. It’s still to focus on the customer and the communities we serve. That was the thrust 174 years ago, and it’s still the same today.</p>
<p>Q. Where are you looking to take the bank?</p>
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</div><p>A. Our whole drive is to remain independent and be here for the community so they can thrive and improve.</p>
<p>The plan is to look for those opportunities where we can grow, but we’re not looking to grow for the sake of growing. We’re looking to grow, for one, to offset the cost of doing business, and today, there’s a lot more competition in the financial industry. Other banks are trying to figure out the same thing – where to go and where to grow. We’re just keeping our eye on those kinds of opportunities. </p>
<p>Some of those opportunities come in the way of products and services that fit the needs of the consumer and how things are changing with the Electronic Age. We try and fit those trends, like with online banking. We are offering checking account statements electronically. Soon, we will be offering online bill-paying for businesses. We have it now for the consumer, but this will be a new service for commercial customers. </p>
<p>The only thing that may deter that a little is Internet access. In the North Country, they have less access. They’re not quite there yet on the technology.</p>
<p>Q. Are you looking to put your own stamp on the bank?</p>
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</div><p>A. I think one of the reasons the board selected me is that we had the direction set. I had been working very closely with Bruce Clow (the former president), so there was no need to change the direction of the bank. We were focused on where we were headed, so we didn’t need to bring in somebody new. It’s really more like I’ve taken the baton in the next leg of a relay.</p>
<p>Q. Tell me more about the bank’s Opportunities for Volunteerism program.</p>
<p>A. It’s a very comprehensive directory of volunteer opportunities here in the Lakes Region and in some cases across the state. We’ve always encouraged our employees to give back to the community by way of volunteer service. We give employees a day off to work as volunteers. We also support the United Way’s Day of Caring and allow our employees to take the day and help the organizations that United Way supports.</p>
<p>We try and communicate volunteer opportunities not only to our employees, but for anyone in the community. Part of our annual report shows all of the organizations throughout the state we list on the Opportunities for Volunteerism site, and it’s hundreds.</p>
<p>Q. Check 21 has been out for a little while now. As I understand it, instead of physically moving paper checks from one bank to another, Check 21 allows banks to take a picture of the check along with the associated payment information and transmit this information electronically. What has Check 21’s impact been on you?</p>
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</div><p>A. It really hasn’t impacted us at all. I think it will be a while before everything is passed electronically. We provide image statements for our customers, but we need to be able to transmit images to the Fed. There’s still work to be done on that end, so it will be a while.</p>
<p>For the consumer, things will be apt to clear sooner. You have to recognize that the funds need to be there when you’re writing the checks, which really has been the case all along. </p>
<p>Q. You’ve worked in the industry for a number of years. What is it about the banking industry that excites you? What drives you?</p>
<p>A. Being able to help people. Growing up, I was always helping my brothers and sisters, making sure they were all right, and I seemed to have carried that over to my profession. What a more perfect way to help people than in a bank? Here you can help people to start a business or get their first home or a car loan, save money for a vacation. It’s what I’m all about — trying to help. </p>
<p>Q. When you’re not managing money, what do you do? Do you have a hobby or a factoid about yourself that people might not know?</p>
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</div><p>A. We have a place on Winnisquam, so in the summers we stay locally. The neat thing is that we can enjoy the Lakes Region. So many people go off on vacation in the summertime, but we have the pleasure of staying right here and enjoying our four children and five grandchildren.</p>
<p>As for something people might not know about me, my father-in-law also served as president and CEO of Laconia Savings Bank from 1957 to 1961. His name was Fortunat E. Normandin, and he was also a local attorney. So I am honored to be the second Normandin to hold the position. </p>
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<div class="entry-content-wrap"><div class="categories-list"><a href="https://www.nhbr.com/category/news/">News</a><span class="comma">,</span> <a href="https://www.nhbr.com/category/real-estate-construction/">Real Estate & Construction</a></div><h3 class="h3 entry-title"><a href="https://www.nhbr.com/market-shift-or-seasonal-shift/" target="_self" rel="bookmark" title="Market shift or seasonal shift?">Market shift or seasonal shift?</a></h3><section class="entry-content cf"><p>Summer selling season ends with better news for buyers in NH’s residential real estate market</p></section></div></div></article><article id="post-194269" class="cf post-194269 post type-post status-publish format-standard has-post-thumbnail hentry category-news category-paywall category-real-estate-construction single post grid-item hundred-perc-width cf" role="article" itemscope="" itemtype="https://schema.org/Article" data-post-id="194269"><div class="basic-content-wrap cf"> <div class="thumb-wrap thumb-float-none crop">
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srcset="https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/09/i/x/rjk-project-rendering.jpg 598w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/09/i/x/rjk-project-rendering-450x333.jpg 450w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/09/i/x/rjk-project-rendering-200x148.jpg 200w"
alt="Rjk Project Rendering"
data-aspectratio="3:2" data-crop="1" class="post-thumb attachment-large size-large"/>
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</a>
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<div class="entry-content-wrap"><div class="categories-list"><a href="https://www.nhbr.com/category/news/">News</a><span class="comma">,</span> <a href="https://www.nhbr.com/category/real-estate-construction/">Real Estate & Construction</a></div><h3 class="h3 entry-title"><a href="https://www.nhbr.com/durham-technology-park-in-line-for-major-expansion/" target="_self" rel="bookmark" title="Durham technology park in line for major expansion">Durham technology park in line for major expansion</a></h3><section class="entry-content cf"><p>R.J. Kelly’s proposed enhancements to its Technology Drive campus in Durham could increase the overall total space to about 850,000 square feet and provide up to 1,500 jobs</p></section></div></div></article><article id="post-194246" class="cf post-194246 post type-post status-publish format-standard has-post-thumbnail hentry category-health category-manufacturing category-paywall category-real-estate-construction category-technology single post grid-item hundred-perc-width cf" role="article" itemscope="" itemtype="https://schema.org/Article" data-post-id="194246"><div class="basic-content-wrap cf"> <div class="thumb-wrap thumb-float-none crop">
<a href="https://www.nhbr.com/merrimack-anheuser-busch-property-purchased-by-united-therapeutics-corporation/" target="_self">
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<img src="https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/09/s/d/budweiser-aerial-scaled-e1788708560572-700x441.jpg"
width="700"
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sizes="(max-width: 400px) 100vw, (max-width: 768px) 50vw, 33vw"
srcset="https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/09/s/d/budweiser-aerial-scaled-e1788708560572-700x441.jpg 700w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/09/s/d/budweiser-aerial-scaled-e1788708560572-450x283.jpg 450w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/09/s/d/budweiser-aerial-scaled-e1788708560572-200x126.jpg 200w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/09/s/d/budweiser-aerial-scaled-e1788708560572-768x483.jpg 768w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/09/s/d/budweiser-aerial-scaled-e1788708560572-1536x967.jpg 1536w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/09/s/d/budweiser-aerial-scaled-e1788708560572-2048x1289.jpg 2048w"
alt="Budweiser Plant Merrimack, Nh"
data-aspectratio="3:2" data-crop="1" class="post-thumb attachment-large size-large"/>
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<div class="entry-content-wrap"><div class="categories-list"><a href="https://www.nhbr.com/category/health/">Health</a><span class="comma">,</span> <a href="https://www.nhbr.com/category/manufacturing/">Manufacturing</a><span class="comma">,</span> <a href="https://www.nhbr.com/category/real-estate-construction/">Real Estate & Construction</a><span class="comma">,</span> <a href="https://www.nhbr.com/category/technology/">Technology</a></div><h3 class="h3 entry-title"><a href="https://www.nhbr.com/merrimack-anheuser-busch-property-purchased-by-united-therapeutics-corporation/" target="_self" rel="bookmark" title="Merrimack Anheuser-Busch Property purchased by United Therapeutics Corporation">Merrimack Anheuser-Busch Property purchased by United Therapeutics Corporation</a></h3><section class="entry-content cf"><p>Biotechnology firm United Therapeutics Corporation has acquired the former Anheuser-Busch brewery site in Merrimack for $47 million, according to sources familiar with the matter. The transaction secures one of Southern New Hampshire’s largest industrial parcels, spanning nearly 300 acres off Daniel Webster Highway</p></section></div></div></article><article id="post-194052" class="cf post-194052 post type-post status-publish format-standard has-post-thumbnail hentry category-education category-government category-health category-news category-paywall category-politics single post grid-item hundred-perc-width cf" role="article" itemscope="" itemtype="https://schema.org/Article" data-post-id="194052"><div class="basic-content-wrap cf"> <div class="thumb-wrap thumb-float-none crop">
<a href="https://www.nhbr.com/nhs-rankings-reflect-the-good-and-the-bad/" target="_self">
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<figure>
<img src="https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2019/04/wallethub-logo72.png"
width="450"
height="130"
sizes="(max-width: 400px) 100vw, (max-width: 768px) 50vw, 33vw"
srcset="https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2019/04/wallethub-logo72.png 450w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2019/04/wallethub-logo72-300x87.png 300w"
alt=""
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<div class="entry-content-wrap"><div class="categories-list"><a href="https://www.nhbr.com/category/education/">Education</a><span class="comma">,</span> <a href="https://www.nhbr.com/category/government/">Government</a><span class="comma">,</span> <a href="https://www.nhbr.com/category/health/">Health</a><span class="comma">,</span> <a href="https://www.nhbr.com/category/news/">News</a><span class="comma">,</span> <a href="https://www.nhbr.com/category/politics/">Politics</a></div><h3 class="h3 entry-title"><a href="https://www.nhbr.com/nhs-rankings-reflect-the-good-and-the-bad/" target="_self" rel="bookmark" title="NH’s rankings reflect the good and the bad">NH’s rankings reflect the good and the bad</a></h3><section class="entry-content cf"><p>There are any number of reports, surveys, and rankings that show how well — or how poorly — New Hampshire is doing on a range of issues. Everything from education funding to safety to having a baby to business opportunities to student loan delinquency — it seems everything can be measured in one form or another, often as a yardstick against other states.</p></section></div></div></article><article id="post-194113" class="cf post-194113 post type-post status-publish format-standard has-post-thumbnail hentry category-ai category-education category-news category-paywall single post grid-item hundred-perc-width cf" role="article" itemscope="" itemtype="https://schema.org/Article" data-post-id="194113"><div class="basic-content-wrap cf"> <div class="thumb-wrap thumb-float-none crop">
<a href="https://www.nhbr.com/mit-partners-with-lakes-region-community-college-for-pilot-math-and-ai-education-program/" target="_self">
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<img src="https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/l/t/adobestock-2065152650-700x394.jpeg"
width="700"
height="394"
sizes="(max-width: 400px) 100vw, (max-width: 768px) 50vw, 33vw"
srcset="https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/l/t/adobestock-2065152650-700x394.jpeg 700w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/l/t/adobestock-2065152650-450x253.jpeg 450w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/l/t/adobestock-2065152650-200x113.jpeg 200w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/l/t/adobestock-2065152650-768x432.jpeg 768w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/l/t/adobestock-2065152650-1536x864.jpeg 1536w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/l/t/adobestock-2065152650-2048x1152.jpeg 2048w"
alt="Glowing Math Formulas And Ai Symbols On Dark Background"
data-aspectratio="3:2" data-crop="1" class="post-thumb attachment-large size-large"/>
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<div class="entry-content-wrap"><div class="categories-list"><a href="https://www.nhbr.com/category/ai/">AI</a><span class="comma">,</span> <a href="https://www.nhbr.com/category/education/">Education</a><span class="comma">,</span> <a href="https://www.nhbr.com/category/news/">News</a></div><h3 class="h3 entry-title"><a href="https://www.nhbr.com/mit-partners-with-lakes-region-community-college-for-pilot-math-and-ai-education-program/" target="_self" rel="bookmark" title="MIT partners with Lakes Region Community College for pilot math and AI education program ">MIT partners with Lakes Region Community College for pilot math and AI education program </a></h3><section class="entry-content cf"><p>The two educational institutions launched a new pilot partnership this summer, bringing 16 high school students from towns across New Hampshire together to learn the math behind AI and how to use it to tackle real problems.</p></section></div></div></article><article id="post-194116" class="cf post-194116 post type-post status-publish format-standard has-post-thumbnail hentry category-opinion category-paywall single post grid-item hundred-perc-width cf" role="article" itemscope="" itemtype="https://schema.org/Article" data-post-id="194116"><div class="basic-content-wrap cf"> <div class="thumb-wrap thumb-float-none crop">
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srcset="https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/q/a/matt-headshot-scaled-e1787681487992-700x597.jpg 700w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/q/a/matt-headshot-scaled-e1787681487992-450x384.jpg 450w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/q/a/matt-headshot-scaled-e1787681487992-200x170.jpg 200w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/q/a/matt-headshot-scaled-e1787681487992-768x655.jpg 768w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/q/a/matt-headshot-scaled-e1787681487992-1536x1309.jpg 1536w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2026/08/q/a/matt-headshot-scaled-e1787681487992.jpg 1706w"
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<div class="entry-content-wrap"><div class="categories-list"><a href="https://www.nhbr.com/category/opinion/">Opinion</a></div><h3 class="h3 entry-title"><a href="https://www.nhbr.com/dont-stop-at-yellow-lights/" target="_self" rel="bookmark" title="Don’t stop at yellow lights">Don’t stop at yellow lights</a></h3><section class="entry-content cf"><p>While major economic indicators are serving as caution tape for many organizations that are hesitant to make investments or take on risk right now, there is a very bright green light out there. There is also a fast-moving vehicle on the road: AI, and the frenetic adoption pace at which people now use it to find essential information. Organizations need to adapt to be seen and referenced by these tools.</p></section></div></div></article><article id="post-194005" class="cf post-194005 post type-post status-publish format-standard has-post-thumbnail hentry category-opinion category-paywall single post grid-item hundred-perc-width cf" role="article" itemscope="" itemtype="https://schema.org/Article" data-post-id="194005"><div class="basic-content-wrap cf"> <div class="thumb-wrap thumb-float-none crop">
<a href="https://www.nhbr.com/opinion-the-best-emergency-response-begins-long-before-the-emergency/" target="_self">
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srcset="https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2020/09/nhopinions-1024x682.jpg 1024w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2020/09/nhopinions-300x200.jpg 300w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2020/09/nhopinions-768x512.jpg 768w, https://wpcdn.us-east-1.vip.tn-cloud.net/www.nhbr.com/content/uploads/2020/09/nhopinions.jpg 1493w"
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<div class="entry-content-wrap"><div class="categories-list"><a href="https://www.nhbr.com/category/opinion/">Opinion</a></div><h3 class="h3 entry-title"><a href="https://www.nhbr.com/opinion-the-best-emergency-response-begins-long-before-the-emergency/" target="_self" rel="bookmark" title="(Opinion) The best emergency response begins long before the emergency">(Opinion) The best emergency response begins long before the emergency</a></h3><section class="entry-content cf"><p>When the next emergency comes, the most important question won’t be whether we have a plan; it will be whether we’ve already built the relationships that make the plan work</p></section></div></div></article></div> </div>
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