Municipal Banking - Mascoma Bank

Municipal Banking

Country town at base of tree covered mountain with autumn colors

Specialists in Municipal Banking

Every municipality is unique with its own financial needs and challenges, from collateralizing Public Funds to acquiring equipment, financing construction projects, or simply covering cash flow timing differences.

You need a Bank who takes the time to understand both your deposit and loan needs. A Bank that suggests innovative, state-of-the-art solutions. As municipal bankers, we are here to help you every day, from solving problems to helping you explain plans and new paths to your constituents.

As a certified B Corp:

  • We create benefit for all our stakeholders—not shareholders.
  • We conduct business knowing that people and places matter.
  • We aspire both to do no harm and to benefit all.
  • We recognize that we are dependent on and responsible for each other as well as future generations.

Learn More About Our Pledges

Providing the Services You Need

Decades of working hand-in-hand with counties, towns, and cities have helped us understand what municipal employees, elected officials, and volunteers need most from a banking partner. And that’s truly what we are—your banking partner. We serve an array of municipal entities, from counties, cities and towns, to school districts, supervisory unions, and fire districts throughout New Hampshire and Vermont, that rely on Mascoma Bank for:

  • Municipal money management
  • Managing cash flow
  • Processing payments quickly and efficiently
  • Monitoring and protecting accounts
  • Returns on working capital
  • Returns on investments
  • Tax anticipation notes (TANS)
  • General obligation notes (GOs)
  • Funding for capital improvements
  • Collateralization of Public Funds

It’s important to me to know that our money is safe,
and that the relationships we have are the ones we’ll keep. We know you are here to stay and are not going to be bought by another bank.”

—Pat Coutermarsh,
Accounting Coordinator and Treasurer,
Town of Hanover, New Hampshire
Customer Since 2013

Experts Who Stand by Your Side

William Dunn

Senior Vice President, Municipal Services Department

[email protected]

Bill oversees Mascoma Bank’s Municipal Services Department. He joined Mascoma Bank in 1999. Bill is active in both nonprofits and civic work. He is a long-time Board Member and sits on both the Finance & Development Committees at the AVA Gallery and Art Center in Lebanon, New Hampshire.  Additionally, Bill is the Chair of the Economic Development Commission for the City of Lebanon, New Hampshire. Bill is also a member of the City of Lebanon’s Arts & Culture Commission where he focuses on Civic Art.

Bill Dunn
Kelly Dorsey

Kelly Dorsey

CTP, Senior Vice President, Municipal Services

[email protected]

Kelly brings more than 15 years of treasury and cash management experience to Mascoma Bank. She is primarily responsible for growing Mascoma Bank’s deposit portfolio in Maine and Central/Southern New Hampshire. Kelly has worked in the Maine market for the past decade, owns a small business, and is a graduate of the Maine Development Foundation’s ‘Leadership Maine’ program.

Patty Monahan

Vice President, Senior Treasury & Municipal Services Officer

[email protected]

Patty joined Mascoma Bank in 2016, bringing over 20 years of commercial banking experience to her role as Senior Treasury & Municipal Services Officer. Patty brings a depth of knowledge to this position and focuses on ensuring the safety, liquidity, and maximization of our municipal partners’ deposits. Patty also serves on the board of the Good Neighbor Health Clinic in White River Junction, Vermont, which works to ensure people have access to the free health resources they need, and on the board of Grafton Regional Development Corporation, which strives to support businesses in Grafton County, New Hampshire.

Patty Monahan 300
Arlene Adams headshot

Arlene Adams

Vice President, Municipal Loan Officer

[email protected]

Arlene has been an employee of Mascoma Bank since 2009. Working in Banking since 1983, she has the experience and skill set to create solutions for a variety of municipal financing needs.  Arlene volunteers on many school-related boards and is a reading mentor at the White River School in Hartford, Vermont. Arlene is the Chair of the Abbott Library Foundation in Sunapee, New Hampshire, and the Assistant Treasurer for Sullivan County, New Hampshire.

Elizabeth Vessichio

Vice President, Municipal Loan Officer

[email protected]

Beth has worked for Mascoma Bank since 2005. She began her banking career in 1981. As a seasoned Municipal Loan Officer, Beth has a large portfolio of customers in both Vermont and New Hampshire. Beth serves on the Education Committee of the New Hampshire Government Finance Officer’s Association (NHGFOA). Additionally, she serves the community as a reading mentor for Everybody Wins Vermont and as a Junior Achievement volunteer.

Elizabeth Vessichio
Jake Jarvi

Jake Jarvi

Municipal Services Officer

[email protected]

Jake began his career in banking in 2013 and joined Mascoma Bank in 2017 in the Cash Management department. In 2021, Jake brought his Cash Management experience to the Business & Municipal Service Department, where he continues to assist business and municipal customers across Vermont and New Hampshire. Jake also donates his time to the Greater Claremont Chamber of Commerce and Claremont-Sugar River Rotary Club.

Chad Stearns

Assistant Vice President, Municipal Lender

[email protected]

Chad has found great value in forming productive relationships with his customers through every position he’s held at Mascoma Bank, from bank manager through his position in business development and into his current role with Municipal Services. He believes contributing to a strong community is an essential part of his work and currently serves as president of LIDC, treasurer of North Country Investment Corporation, treasurer of North Country Home Health and Hospice, and is both a member and past president of the Littleton Area Rotary Club.

Chad Stearns headshot

Additional Resources

Donations from the Bank

Want to know how to request a donation from Mascoma Bank? Click here to learn what you need to do.

Annual Impact Report

What does it mean to be a bank that’s also a Certified B Corp? We promise you it is not boring.

What’s a B Corp?

Learn about what it takes to become a certified B-Corp and why it matters.

Mascoma Community Development

Meet the Mascoma Community Development team and learn about available tax credit financing for qualifying communities and further economic development opportunities.