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.

Sheila Jacobs Vice President, Municipal Services

[email protected]

Sheila began her banking career in 1984 and works to develop long term relationships with her Municipal partners. Sheila works with Cities, Towns and School Districts in both Vermont and New Hampshire structuring their deposit accounts to meet their individual needs and provide maximum benefit. She is involved with many local nonprofits and currently serves as Trustee on the Board of Gifford Medical Center. Sheila also serves on the Board of Safeline; an organization that works with victims of Domestic Violence. She serves on the Education Committee of the New Hampshire Government Finance Officer’s Association (NHGFOA).

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.

Patty Monahan Vice President, Municipal Loan Officer

[email protected]

Patty joined Mascoma Bank in 2016 as Vice President and Senior Investment Officer of Mascoma Community Development, where she specialized in tax credit lending with a focus on severely distressed communities.  In 2020, she joined the Bank’s Municipal Services Department. Patty sits on the Board of Directors and serves as Treasurer for The Family Place in Norwich, Vermont. She also serves on the Finance & Advocacy Committees.

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.