COLEBROOK, N.H., March 9, 2016 /PRNewswire/ -- Granite Bank and First Colebrook Bancorp, Inc. announced today that Loyd W. Dollins, President and Chief Executive Officer will retire in December 2016 after 17 years with the bank. Dollins' banking career began in Florida in 1974. He was a member of the organizing group of a community bank in Miami and was its President before moving to New Hampshire in 1991. He served as Vice President of two community banks before joining the former First Colebrook Bank in 1999.
"Since Loyd was named President and CEO Granite Bank has prospered. Under his effective leadership we continue to realize significant asset growth and earnings," said Board Chair Judy Dalton.
Scott A. Cooper will succeed Dollins as President and Chief Executive Officer effective January 1, 2017. He will begin his employment on March 28, 2016 as Chief Operating Officer based in the bank's Colebrook, New Hampshire office.
Cooper served as President and Chief Executive Officer of Vermont-based First Brandon National Bank. More recently he was Chief Risk Management Officer of a community bank in Minnesota. For over three decades Cooper held roles ranging from Chief Risk Officer, Chief Credit Officer, Chief Operating Officer and Chief Financial Officer.
Cooper attended New Hampshire College, now Southern New Hampshire University, where he graduated with a Bachelor of Science in accounting. He is also a graduate of the Graduate School of Banking at University of Colorado.
About Granite Bank
Founded in Colebrook, NH in 1889, Granite Bank is a New Hampshire-owned community bank, operating from offices in Amherst, Colebrook, Concord, and Portsmouth, New Hampshire. Serving the banking needs of individuals and small businesses across the state for 126 years, the bank is an SBA Preferred Lender and has received the New Hampshire SBA's Outstanding Partner Award for consistent and sustained annual growth in SBA loans.
Media Contact: John Pratt
SOURCE Granite Bank