What can the largest and most experienced commercial services team in the Upper Valley do for you?


Commercial Team

For our Commercial Services team the breadth of services we offer is just the beginning. When you work with an experienced, business-focused banker who knows you personally, it’s like getting a new partner invested in making sure you succeed. At Mascoma Savings Bank we can help you with any financial services you need, from loans to payment processing or cash management. Since all lending decisions are made locally, we can provide exceptionally quick turnaround time to keep you on track and profitable.

  • Kenneth E. Howe

    Senior Vice President Commercial Services

    802-291-6325

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    Ken is a Senior Vice President Commercial Services at Mascoma Savings Bank.

    He has worked in banking for 29 years, most recently as senior vice president and director of banking services at Lake Sunapee Bank for the Northern Region. Ken holds a B.S. in Economics Management from Ithaca College and attended the New England School of Banking at Williams College and the Graduate School of Banking at Boulder, Colorado.  Ken resides in Woodstock VT with his wife and two children.

    Ken is currently active in the Woodstock Rotary Club and has previously served on several nonprofit boards, including the Woodstock Area Chamber of Commerce and Sustainable Woodstock.

  • W. Grant MacEwan

    Senior Vice President, Senior Commercial Lender

    603-443-8623

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    Grant brings over thirty-four years of banking experience to Mascoma Savings Bank.

    In addition to his expertise in Commercial Lending, Grant is well known for his credit and business development skills A graduate of Dartmouth College, Grant has a Bachelor’s degree in Economics and a Master’s degree in Business Administration from the Tuck School of Business.

    Grant resides in Lebanon, NH with his wife, Anne.

    He has served on several non-profit boards throughout the Upper Valley and as a Lebanon City Councilor.

  • Arlene F. Adams

    Vice President, Commercial Loan Officer

    603-443-8625

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    As a Vice President Commercial Loan Officer at Mascoma Savings Bank, Arlene’s primary responsibilities are in commercial lending, specifically working with small business and municipal lending. She joined Mascoma Savings bank in 2002 and has experience working with a broad range of commercial and municipal customers.

    Arlene began her career in banking in 1983, working as part of the lending teams at New London Trust and later, Lake Sunapee Bank. A graduate of Providence College with a BA in Modern Languages and Business, Arlene lived in Puerto Rico and Rhode Island before settling in Sunapee, where she still lives with Labrador retrievers.

    Outside of her work, Arlene has devoted much time to the Sunapee NH PTO and Booster Club, including serving as president of both organizations. She also organized the Sunapee Christmas Craft Show for several years and served on the Sunapee School Board and SAU Boards, including acting as treasurer. For over five years she has volunteered as a reading mentor at the White River School.

    Arlene works specifically targeting commercial loans under $250,000 and municipal loans of all sizes.

  • Brian P. Donovan

    Vice President, Commercial Loan Officer

    603-442-4603

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    Brian serves as Vice President in Commercial Lending at Mascoma Savings Bank working in the Keene NH area.

    After earning his B.S. at Liberty University, Brian went on to receive his M.B.A. from Salem State College and his M.A. from the University of Balamand. Before joining the team at Mascoma Savings Bank, he held various banking positions in Massachusetts and New Hampshire, including branch manager, assistant vice president, and vice president.

    When he’s not hiking, golfing, reading, or enjoying time with his family, Brian gives back to his community by serving as former chair of the Greater Keene Chamber of Commerce, former board member of the Cheshire Housing Trust and Keene Day Care Center, and as the current vice president of the Keene Lions Club.

    Brian is eager to help with all aspects of commercial lending for small- and medium-sized companies. He is also conversant in various government loan programs offered by the Small Business Administration (SBA), Rural Development, and Business Finance Authority of New Hampshire.

  • Cynthia Day

    603-442-4606

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    Cindy works as a Commercial Lender for Mascoma Savings Bank as a member of the Small Business/Municipality lending group.

    Cindy has been a banker since 1985, and has experience in an extremely broad spectrum of commercial lending roles, from her work at four different banks. At Mascoma Savings Bank her focus is on small business lending. She enjoys spending time with her family, which includes one daughter, four grandsons, and twin great-grandchildren. In her spare time, Cindy reads, paints, knits, and crochets.

    Since completing a paralegal program at Keene State College, Cindy has taken many courses offered through the American Institute of Banking and the Center for Financial Training, and has earned her certificates in commercial lending, credit analysis, and residential lending.

  • Deborah J. Blanc

    Vice President, New Markets Tax Credit Asset Manager and Mascoma Community Development Senior Asset Manager

    603-443-8788

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    Deborah is Vice President, New Markets Tax Credit (NMTC) Asset Manager at Mascoma Savings Bank and the Senior Asset Manager for Mascoma Community Development

    Deborah holds a degree from New Hampshire College, attended the University of New Hampshire and is a graduate of The New England School for Financial Studies.  She has worked in banking since 1989, with the exception of the four years she took to work as campaign director for Monadnock United Way. She enjoys traveling, skiing, running, and yoga, along with spending time with her husband and daughter.

    She believes very strongly in supporting the community . She does this as a member and Board Secretary for the Hanover Rotary Club, and serves on the National Chapter & Members Council of the Risk Management Association.   She has also served as board chair for the Home Healthcare, Hospice & Community Services, and the Vermont Chapter of the Risk Management Association.  For the past 20 years, Deborah has also volunteered in numerous capacities for the Monadnock United Way.

    Deborah’s position in the NMTC program utilizes  her expert knowledge of credit and commercial lending.

  • Elden N. Dube

    Vice President, Commercial Loan Officer

    802-291-6321

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    Elden has over 20 years of banking experience, beginning as a commercial loan officer at the First National Bank of Vermont in Northfield. He held the same position at Granite Bank in Barre and Bank of Woodstock, before joining Mascoma Savings Bank in 1998.

    A native of Madawaska, Maine, Elden received a BS in Agricultural Resource Economics Management from the University of Maine at Orono, and worked for 11 years as an Agricultural Management Specialist at USDA’s Farmers Home Administration.

    Elden serves on a number of Boards including local and state organizations that represent and support matters important to the banking industry. He has Certified Lender Status designation from the Small Business Administration. Elden is also a past recipient of the prestigious Financial Services Advocate of the Year award from SBA for the District of Vermont.

    Elden is a single parent of three children, and a herd of cats. He enjoys running, basketball, racquetball, rotisserie baseball, reading, and crossword puzzles.

  • Elizabeth A. Vessichio

    Assistant Vice President, Commercial Lender

    603-443-8622

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    Beth Vessichio works as a Commercial Loan Officer. She has worked for Mascoma Savings Bank since 2006.

    Beth began her banking career in 1981 with multiple retail positions and entered into commercial lending in 2000 after completing her paralegal training. As the Commercial Loan Assistant and Junior Lender for Castle Bank & Trust Company, Beth helped to establish the lending department and worked with attorneys to formalize the documentation. Beth and her husband, Robert, live in Cornish where she enjoys gardening, cooking, running, and keeping in touch with her five grown children.

    Beth also serves the community as a reading mentor for Everybody Wins VT! and as a Junior Achievement volunteer.

    As a commercial lender, her responsibilities include targeting commercial loans under $250,000 and working with municipalities.

  • James E. Larrick

    Senior Vice President, Commercial Lending

    603-443-8632

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    Jim has been with Mascoma Savings Bank since 2013 and serves as Vice President of Commercial Lending.

    Jim brought a decade of commercial banking experience with him when he joined Mascoma Savings Bank, and his diverse lending background helps the broad range of businesses he serves.

    He graduated from the University of Michigan with a Bachelor of Science in Statistics and received his MBA from the University of Chicago. Jim relocated to the Upper Valley in 2013 with his wife and three children, who all enjoy taking advantage of the area’s outdoor opportunities.

    Active in the community every place he has lived, Jim spent time raising need-based scholarship funding for early education programs, and working a program that refurbished housing in low-income areas.

    Jim can assist businesses in a full range of areas and has a deep level of expertise in construction lending, commercial and industrial lending, and commercial loan workout.

  • Kevin J. Raleigh

    Senior Vice President, Commercial Loan Officer

    802-280-4209

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    Kevin serves as Senior Vice President and Commercial Lender at Mascoma Savings Bank.

    He holds degrees from Castleton State College and the Williams School of Banking. Kevin has been working as a commercial loan officer in the Upper Valley since the mid-1980s, and brings a deep knowledge of the communities with which he works to Mascoma Savings Bank. Kevin lives in Hartford, Vermont, with his wife, Lorrie Wild, and a golden retriever named Soleil. Now that their three children have all grown up, Kevin enjoys golf, cribbage, long walks, and all kinds of sports.

    Extremely active in the community, Kevin has been a Director of the Hartford Chamber of Commerce, the White River Lions Club, and the Vermont Banker’s Association.  He has served on the Town of Hartford Board of Civil Authority for over 20 years and currently acts as Chairman. He has also held positions as Director of the Hartford School Board, the Hartford Recreation Commission, and Advance Transit, and is currently the Chair of the Hartford Revolving Loan Fund Committee, an organization he has been a part of for over 20 years.

    He specializes in all facets of commercial lending and commercial real estate lending.

  • Michelle M. LeClair

    Vice President, Tax Credit Lending Officer and Mascoma Community Development Senior Investment Officer

    603-443-8789

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    Michelle serves as a Vice President and Tax Credit Lending Officer at Mascoma Savings Bank and works specifically in the New Markets Tax Credit (NMTC) commercial lending division. In addition, she serves as Senior Investment Officer for Mascoma Community Development.  Michelle joined Mascoma Savings Bank in 2012 and in addition to servicing a traditional commercial loan portfolio, has worked on several NMTC transactions that bring accessible lending services to economically depressed areas.

    Michelle began her career in banking in 1987 and in 1998 she joined a small community bank to successfully form and manage a formal Credit Department, and later established a $33 million commercial lending portfolio, including real estate holding entities, manufacturing and retail businesses, as well as many professional medical and dental practices. A summa cum laude graduate of Granite State College with a BS in Management/Finance.  She lives in Enfield, New Hampshire, with her family and enjoys all outdoor activities, including traveling, riding motorcycles, scuba diving, hiking, and skiing.

    Giving back to the community is important to Michelle, as evidenced by her involvement in the Rotary Clubs of White River Junction, Riverside, and Lebanon, and her work on the fundraising committee of David’s House. She is also a past board member for Upper Valley Habitat for Humanity and a current board member of the Risk Management Association, Vermont Chapter.

    In her role at Mascoma Savings Bank, Michelle has contributed to the formation of Mascoma Community Development and has spearheaded the application process in two rounds for NMTC allocation with the U.S. Treasury’s CDFI Fund.

  • Patricia E. Monahan

    Vice President, Tax Credit Lending Officer and Mascoma Community Development Senior Investment Officer

    603-443-8784

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    Patty joined Mascoma Savings Bank in 2016 as Vice President, Tax Credit Lending Officer, as well as an Investment Officer for Mascoma Community Development.  Patty brings over 15 years of excellent commercial banking experience that covers a broad spectrum of banking.  She’s excited to combine her passion for advocacy with utilizing her commercial lending and loan structuring abilities to help invest, rebuild and transform communities.

    A 1987 graduate of Northeastern University with a BS in Finance / Management, her career has included positions with IBM, Gillette, and a Vice-Presidency at BankBoston. At BankBoston, Patty traveled both nationally and internationally working in corporate audit, risk review, loan workout and small business/middle market lending.  Prior to joining Mascoma she spent three years as a Senior Commercial Analyst and Lender at Ledyard National Bank

    Patty also serves on the Board of Directors at The Family Place in Norwich. The Family Place delivers comprehensive programs designed to strengthen positive relationships, teach essential skills and promote enduring healthy growth for families with young children in the Upper Valley and surrounding communities.

    Patty resides in Norwich and enjoys running, golfing, cooking, dancing and spending time with her three children.

    Patty’s primary role with Mascoma Community Development is to help raise capital, facilitate loans and otherwise support community development.

  • Patricia B. Putnam

    Vice President, Commercial Loan Officer

    603-442-4622

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    Patricia serves as Commercial Loan officer at Mascoma Savings Bank working with customers in the Claremont NH/Springfield VT area.

    Patricia has worked in banking since 1996, holding various positions including branch manager, business development, and regional vice president.    She holds a degree from Community College of Vermont as well as has attended various programs from Granite State College.  She and her husband live in Charlestown, where she enjoys playing golf and running.

    She believes in being a mentor and leader within the community, and to this end she serves as treasurer for Valley Regional Hospital, vice president of Springfield Regional Development Corporation, and as a Springfield Rotarian.

    Patricia specializes in working with businesses to find the best financing options for each business model to help the company grow. She demonstrates that exceptional customer service is the key to business relationships that are worth savoring.

  • Peter R. Jones

    Senior Vice President, Commercial Loan Officer

    802-658-8500

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    Peter Jones joined Mascoma Savings Bank in 2014 as a Senior Vice President, Commercial Lending, at our Loan Production Office in Burlington.

    Peter began his career in 1989 and gained much of his experience in commercial banking at Union Bank and People’s United Bank. He holds a business degree from Johnson State College and is a graduate of the American Bankers Association Stonier Graduate School of Banking. Peter lives with his family in Morrisville.

    As an active Burlington Rotarian and former chair and board member of the Morristown School Board, Peter exemplifies one of Mascoma Savings Bank’s core tenets in regards to giving back to the community. He also served as chair of the Lamoille Economic Development Corporation.

  • Raymond A Dionne

    Vice President, Commercial Loan Officer

    603-442-4643

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    Raymond serves as Vice President, Commercial Loan Officer for Mascoma Savings Bank working with customers in our Northern Region.

    He began his banking career as a commercial loan officer trainee with Durfee-Attleboro Bank in Fall River, Massachusetts, in 1987. Subsequently, he worked for a few banks in Massachusetts before landing at Connecticut River Bank in New Hampshire prior to joining Mascoma Savings Bank in August 2014. Raymond earned his B.A. from Fordham University and his B.S. from the University of Massachusetts, plus completed banking degrees at the New England Bankers School of Banking at Williams College and the Massachusetts Bankers School of Commercial Lending at Babson College. Here in New Hampshire he enjoys the great opportunity for outdoor recreation, including hiking, skiing, snowshoeing.

    Giving back to the community is an important part of Raymond’s outlook. He serves as director of the Littleton New Hampshire Rotary Club, Trustee of the Trusts at Sugar Hill, New Hampshire, and is a board member at the Ammonoosuc Conservation Trust.

    Raymond has experience with commercial and industrial lending, developmental real estate, commercial mortgage loans, renewable energy lending, and SBA loan products. He specializes in commercial lending within the framework of community banking.

  • Richard S. Jennings

    Senior Vice President, Commercial Loan Officer and Mascoma Community Development Managing Director

    603-443-8781

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    Dick Jennings is a Senior Vice President, Commercial Loan Officer for Mascoma Savings Bank and is the Managing Director of Mascoma Community Development.  He is located in the offices at 80 South Main St., Hanover, NH.  His responsibilities include serving as New Markets Tax Credit (NMTC) financing team leader, Mascoma Community Development administrative director, and directing conventional commercial lending and new business development throughout New Hampshire, Vermont, and Maine. Dick has worked in diversified lending since 1983.

    Dick earned a BA in Economics from the University of NH’s Whittemore School of Business and Economics. He is also a graduate of the Massachusetts Bankers Association’s School of Commercial Lending, as well as other banking programs. He is an avid duck hunter, retriever trainer, and cyclist. He currently resides in Canaan, NH, with his wife and their four Labrador Retrievers.

    Dick is a member of the Board of Trustees for Alice Peck Day Health Systems Corp. and is Chairman of the Board for Alice Peck Day Lifecare Center, Inc. He also helped establish the Upper Valley Housing Coalition and in 2004 he received the Vermont Bankers Association’s Outstanding Community Service Banker Award.

  • William P. Dunn

    Vice President, Commercial Loan Officer

    603-443-8635

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    Bill Dunn serves as Vice President Commercial Loan Officer and works out of the Lebanon office. He joined Mascoma Savings Bank as a branch manager of the Norwich office in 1999, and later assumed responsibility for the New London office as part of Mascoma’s expansion into that market. There he managed the retail function and drove loan volume for both the consumer and commercial divisions.

    Bill earned his degree at the University of Massachusetts at Amherst in 1987 and began his banking career that same year at Chittenden Bank, where he progressed through the ranks of the retail banking division and gained his first exposure to commercial banking. In 1995, Bill became Vice President, Group Sales Manager for First NH Bank where managed the sales efforts of three of their local bank branches.

    Bill is a former board member of the New London Lake Sunapee Region Chamber of Commerce, and The Friends of CHaD (Children’s Hospital at Dartmouth) and was most recently Chair for the Alliance for Visual Arts (AVA). He is currently Co-Chair of AVA Gallery’s Capital Campaign as well as being the finish line voice for the annual CHaD Hero Half Marathon.

    Bill has a long history of providing creative financing solutions to many New Hampshire and Vermont based nonprofit social service agencies.

  • Sheila Jacobs

    Vice President, Business and Municipal Services

    603-442-4692

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    Sheila serves Mascoma Savings Bank customers as  Vice President, Business and Municipal Services.

    In over 30 of years of banking Sheila has done almost everything, and knows better than anyone what being a community banker entails. It sounds a bit like a Hollywood cliché, but she actually started as switchboard operator in 1984. She soon became a teller, then assistant manager, and later branch manager. Sheila attended the Northern New England School of Banking and trained in commercial lending, consumer and home equity loans, cash management, business development, situational leadership, and operations management development.

    Sheila is known for her tireless involvement in local nonprofits, including the Randolph Area Hospice Committee, the Randolph Rotary Sunrise Club, and her service as a trustee on the Gifford Medical Center board. When Tropical Storm Irene struck the Upper, Sheila was active in working with 10 municipalities to secure 20 million dollars in loans for recovery.

    Sheila’s focus is on sustaining and strengthening relationships with municipal and cash management customers. She also works with the six southern branch managers to identify potential business opportunities and is responsible for the operations management of those same branches.