Your Community Mutual Bank Since 1899

Mascoma Mutual Financial Services Corporation and Mascoma Savings Bank

2015 Statement of Condition

Mandy SpencerAssistant Branch Manager

Lebanon, NH

Three years ago, the Bank formed a limited liability corporation known as Mascoma Community Development. Each year since then, the Bank has applied to the United States Treasury Department for New Market Tax Credit allocations, which it could then award to qualifying projects throughout northern New England. In June 2015, we received an allocation of $55 million. Under the direction of Senior Vice President Richard Jennings and the two other officers of Mascoma Community Development, Michelle LeClair and Deborah Blanc, we have already developed a sizeable “pipeline” of potential projects, the first of which should close sometime in early or mid-2016. The Bank’s activity in the New Market Tax Credit arena has brought it national recognition, and the award of this $55 million in tax credits has burnished this reputation. These projects will help rebuild communities and create jobs in low income areas within the region.

On December 4, we closed one of our Littleton, New Hampshire, offices—the Meadow Street location. This was the second branch that Mascoma Savings Bank has closed in as many years. It is never easy to make a move away from bricks and mortar, where team members greet customers face-to-face. However, with the increase in the use of technology, these offices, like other banking branch offices across the country, saw diminishing lobby and drive-up traffic and transactions, while demand for online banking continues to grow.

With the steady investments we have made in online and mobile banking, as well as increased cybersecurity and monitoring, our customers are getting the type of support and services they want from Mascoma Savings Bank in very different ways than even just a decade ago.

Speaking of decades, at year’s end, two of the Bank’s senior officers, Doree A. Clifford and Gregory F. Kennedy, retired. Doree’s career spanned 38 years at the Bank. When she began in 1977 as a teller, the Bank had two offices, but it was in the process of opening facilities in both Enfield and Canaan. As Doree’s career at the Bank progressed, she became responsible for the operational portion of the Bank’s branch network, and she oversaw 28 locations in the two states.

Greg worked for several banks in Vermont during the early years of his 40-year career. He was at Mascoma Savings Bank for the last 20 of those years, where he was responsible for commercial services. During Greg’s tenure, the Bank grew its commercial services area from a fledgling operation to one that developed sophisticated credit administration practices, advanced technology for cash management, and other commercial deposit services supported by 17 commercial lenders. He was also largely responsible for the Bank’s commercial lending operations in the greater Burlington, Vermont, area. We wish Doree and Greg many healthy and happy years of retirement.

At Mascoma Savings Bank, we are constantly on the lookout for new and improved ways to fulfill our mission as a mutual bank, chartered to serve the needs of our

community. The year 2015 was another year of growth and milestones.

Your Community Mutual Bank Since 1899

Stephen F. ChristyPresident and CEO,

Mascoma Savings Bank

A Commitment to Giving

Mutual savings banks have their roots in philanthropy. The first mutual savings bank was organized by The Reverend Henry Duncan in Ruthwell, Scotland, over 200 years ago. Mascoma Savings Bank was founded in 1899 by a group of individuals who “invested” small sums of money to capitalize the Bank with no expectation of any personal financial return.

Mascoma Savings Bank was the first mutual bank in either New Hampshire or Vermont to form and fund a charitable foundation. Each year Mascoma Savings Bank contributes a portion of its earnings to the Foundation for distribution in the community. Since its establishment in 1988, the Mascoma Savings Bank Foundation has contributed over $3.4 million to local non-profit organizations.

But Mascoma Savings Bank’s commitment to the community extends even further as the Bank continues to directly support local non-profits every year. When taken together with the Foundation’s contributions, Mascoma Savings Bank was the source of over $1,000,000 in direct support for New Hampshire and Vermont-based community organizations in 2015.

Mascoma Savings Bank and the Mascoma Savings Bank Foundation together gave $1,070,341 in community grants in 2015, supporting community organizations such as Vital Communities.

In 2015 Mascoma Savings Bank and the Mascoma Savings Bank Foundation contributed to:Abbott Library • Above the Notch Humane Society • Adaptive Ski and Sport • Alice Peck Day Memorial Hospital • American Cancer Society • American Diabetes • American Heart Association •

American Precision Museum • American Red Cross • Ammonoosuc Conservation Trust • Arts Alive • Ascutney Mountain Audubon Society • AVA Gallery and Art Center • Barn Arts • Bel Canto Chamber Singers • Bellows Falls Rotary • Bethel Community Forward Festival • Bethel Council on the Arts • Bethlehem Fire Department • Big Brothers Big Sisters of NH •

Billings Farm • Boys and Girls Club • Branch River Theater • Bugbee Senior Center • Camerata • Canaan Firefighters Association • Canaan Library • Carter Community Building Association • Castleton University • Center for Cartoon Studies • Central Vermont Adult Basic Education • Central Vermont Humane Society • CHaD • Chandler Music • Chapin Senior Center •

Charlestown Rotary Club • Chelsea Senior Center • Cheshire Children’s Museum • Cheshire Hospital • Child and Family Services • City Center Ballet • City of Claremont • City of Lebanon • Claremont Fire Department • Claremont Parks and Recreation • Claremont Senior Center • Community Kitchen • Community Restorative Justice Center •

Connecticut Valley Crime Stoppers • Cornish Fire Department • Cover Home Repair • Creative Preschool • Cystic Fibrosis • Dartmouth Hitchcock Clinic • David’s House • Dismas House of VT • Downtown Littleton Community Development • Elks Fishing Derby • Enfield Old Home Days • Enfield Village Association • Everybody Wins VT •

Fall Mountain Educational Endowement • Franconia Food Bank • Friends of Alumni Baseball • Friends of Canaan Village • Friends of Chesterfield School • Friends of Grafton Library • Friends of Lebanon Recreation • Friends of Mascoma Foundation • Friends of the Morrill Homestead • Friends of Norris Cotton Cancer Society • Friends of Orford Public Libaries •

Friends of Veterans • Gifford Memorial Hospital • Good Beginnings of Sullivan County • Good Neighbor Health Clinic • Grafton County Senior Citizens Council • Granite United Way • Great Falls Chamber of Commerce • Green Mountains Children’s Center • Habitat for Humanity • Hannah Grimes Center • Hanover Area Chamber of Commerce • Hanover Improvement Society • Hanover Lions Club • Hanover Rotary Club • Harbor Homes • Hartford Area Chamber of Commerce • Hartford Elks Fishing Derby • Hartford Garden Friends • Hartford High School Project Grad

• Hartford Historical Society • Hartford Parks and Recreation • Hartland Farmers Market • Hartland Jazz Fest • Hartland Public Library • Hartland Riding Club • Have Justice-Will Travel • Headrest • Healthcare and Rehabilitation Services of VT • Historical Society of Cheshire County • Home Healthcare • Howe Library • Kearsarge Area Council on Aging •

Kearsarge Elementary School • Kearsarge High School Hockey • Keene Public Library • Keene ArtWalk • Keene Elementary School • Keene Lions Club • Ladies Auxiliary Valley Regional Hospital • Lafayette Recreation • Lake Sunapee Region Chamber of Commerce • Lake Sunapee VNA & Hospice • Lancaster Community Cupboard • Langdon Fall Festival • League of NH Craftsmen •

Lebanon Area Chamber of Commerce • Lebanon Community Christmas Dinner • Lebanon Garden Club • Lebanon High Project Graduation • Lebanon Historical Society • Lebanon Housing Authority • Lebanon Opera House • Lebanon Recreation • Lebanon Rotary Club • Listen Community Services • Littleton Chamber of Commerce • Littleton Food Bank •

Lucy Mackenzie Humane Society • Lyme Historical Society • Lyme Town Band • Main Street Museum • March of Dimes • Mascoma Football • Mascoma Foundation • Mascoma Music Boosters • Mascoma Valley Dog Park • Mascoma Valley High School • Mid Vermont Christian School • Monadnock Community Hospital • Monadnock Family Services •

Monadnock Humane Society • Monadnock Pumpkin Festival • Montshire Musuem of Science • Mt. Ascutney Hospital • Mt. Cube Lodge • Mt. Kearsarge Indian Museum • Mt Sunapee Area Ski Club • National MS Society • New Englad Foundation for Animal Health • Neighbors Unite • New England Handicapped Sports Association • New London Barn Playhouse •

New London Firefighters Association • New London Hospital • New London Recreation Department • New London Rotary Club • Newport Teachers Association • NH Alcohol and Drug Counselors Association • NH Humanities Council • NH Preservation Alliance • Norman Williams Public Library • Norris Cotton Cancer Society • North Country Chordsmen • North Country Hospice • Northern New England Repertory Theater • Northern Stage • Northwoods Home Health and Hospice • Norwich Historical Society • Odyssey of the Mind • Opera North •

Orford Historical Society • Ottauquechee Health Foundation • Ottauquechee Resources Conservation District • Pathways • Pentangle • People to People • Plainfield Historical Society • Potters Angels Rescue • Pregnancy Center of the Upper Valley • Project Vet Care • Prouty • Randolph Food Shelf • Rio Blanco Social Club • Rise for Mother and Baby • River Theater Company •

River Valley Animal Rescue League • River Valley Community College • Rogers House • Royalton Community Radio • Saint Gaudens • SCORE • Second Chance • Second Growth • Shaker Bridge Theater • Sharon Food Shelf • Shrine of Lasalette • South Royalton High School Project Grad • SPARK Community Center

• Special Olympics • Spectrum Teen Center • Springfield Community Chorus • Springfield District Foster Parent Association • STEP Peer Support and Crisis Center • Stepping Stones • Strafford Area Lions Club • Sullivan County Nutrition Services • Summer Music Festival • Taftsville Trails • The Colonial Theater • The Community Kitchen • The Family Place •

The Lancaster Fair • The Orchard School • The Sharon Academy • The Thompson Senior Center • Thetford Chamber Singers • Thetford Fire Department • Town of Canaan • Town of Charlestown • Town of Hartford • Town of Hartland • Town of Landgon • Town of Littleton • Town of Lyme • Town of Newbury • Town of Plainfield • Town of Springfield • Town of Tunbridge • Town of Woodstock • Trout Unlimited • Trumbull Hall Troupe • Trust for Public Land • Tunbridge Central School • Turning Point • Twin Pines Housing Trust •

Twinstate Makerspace • Union Arena • United Methodist Church - Community Dinner • Upper Valley Aquatic Center • Upper Valley Business and Education Partnership • Upper Valley Community Band • Upper Valley Floor Hockey • Upper Valley Habitat for Humanity • Upper Valley Haven • Upper Valley Housing Coalition • Upper Valley Humane Society •

Upper Valley Teacher Training • Upper Valley Trails Alliance • Valley Regional Hospital • Vermont Apple Festival • Vermont Association for the Blind • Vermont Children’s Trust Foundation • Vermont Food Bank • Vermont Law School • VINS • Vital Communities • VNA and Hospice • VT Volunteers for the Animals • Walpole Artisans • Weathervane Theatre •

West Central Behavioral Health • West Claremont Center for Music • West Weathersfield Volunteer Fire Department • Whaleback • Whitcomb High School • White Mountain Regional High School • White River Indie Films • White River Valley Chamber of Commerce • Wilder Club and Library • Wilmot Volunteer Fire Department •

Winchester Learning Center • Windham & Windsor Housing Trust • Windsor AAU Basketball • Windsor County Partners • Windsor Early Childhood Education Center • Windsor Friends of Track • Windsor High School Bowling Team • Windsor Public Library • Windsor Recreation • Windsor Rotary • WISE • Woodstock and Reading Food Shelves • Woodstock Historical Society

• Woodstock Recreation • Woodstock Union High School Sports • Woodstock Youth Hockey • Young Entrepreneurs Academy • Zack’s Place

Doing More for Our Customers and Community

As the final step in our transition, Mascoma Insurance Agency has been folded into Centurion under the direction of Philip S. Latvis, who joined the Bank in 2012 when we first opened a stand-alone insurance agency. A seasoned veteran of the insurance industry, Phil is the President and CEO of Centurion and leads a team of 16 in the Centurion Building on Route 10 in West Lebanon, New Hampshire.

Mascoma Wealth Management is a wholly owned subsidiary of Mascoma Savings Bank and a SEC registered investment advisor (RIA). The wealth management subsidiary is directed by Robert T. Boon, Senior Vice President. As of the end of 2015, Mascoma Wealth Management had nearly $300 million of assets under management. Located in the Mascoma Building at 80 South Main Street in Hanover, New Hampshire, our wealth management subsidiary provides a broad range of services, from investment management to retirement planning, all tailored to the specific financial goals of each investor.

Further evidence of the Bank’s commitment to our local communities and northern New England can be found in Mascoma Community Development, LLC, a community development entity (CDE) that was established in 2012. This subsidiary of the Bank is led by Richard S. Jennings, Senior Vice President. Mascoma Community Development was established for the purpose of securing New Market Tax Credit allocations from the United States Department of the Treasury in order to assist in the redevelopment of low-income census tracts within our markets and the northern New England region. The Bank also provides financing gaps with New Market Tax Credit leveraged loans for a variety of development projects, including residential projects in urban and rural areas, business expansion, and the opening of new businesses, all of which help revitalize distressed communities.

In July 2014, Mascoma Savings Bank acquired Centurion Insurance Group. Bringing the Centurion group under our umbrella allows the Bank to better serve all of our clients.

—Thomas W. HoytPublic Relations and Social Media Coordinator

Lebanon, New Hampshire

“ It’s invigorating to come to work each day when you know that everyone is on the same

page, and working on the same goals. Our mission statement and value proposition are more than

just words on a poster. ”

We continue to grow with an expanded Burlington

office to serve Chittenden County and beyond.

In February we expanded our Burlington Loan Production Office on Battery Street by adding experienced mortgage lender Peter S. Crapo to work alongside Peter R. Jones, Vice President and Commercial Loan Officer. Both lenders are veterans of the market area and have used their own connections to the community along with Mascoma Savings Bank’s community-first approach to build our profile and assist more people and businesses in northern Vermont.

Greater Breadth and Scope

In our first full year of having branches in Bethlehem, Charlestown, Franconia,

Keene, Lancaster, Langdon, Littleton, Springfield, and

Walpole, we met thousands of new neighbors.

It has been a true pleasure for Mascoma Savings Bank personnel to get to know people in our new communities and to start to strengthen those relationships. We’ve become steadily more involved in the business communities of each these areas, while learning more every day about the housing markets in these towns and cities and getting to know the people who make these places unique.

15 Years 20 Years

15 YEARS: Karen Powell, Linda Gillingham, Sasha Holland, Feroza Maneksha, Jennifer Bellimer, Karen Selinga, Perry Eaton, Penny Hardy, Lorianne Elliott, Jessica Kemp 20 YEARS: Carol Coffran, Debbie Carter, Jenifer Langley, Lori Brown, Stephanie Pregent

Mascoma Savings Bank’s organizational structure further underlines its commitment to respond to the needs of our community. The Bank’s Board of Directors is elected by the Mascoma Savings Bank corporators who reflect the make-up and needs of the area where we live, and our 325 employees are integral parts of the communities we serve.

Mascoma Savings Bank is a mutually owned bank, which

means it is chartered to serve the community and is not owned by

stockholders. Today, only 8 percent of banks in the United States are

mutually owned, yet mutual banks are some of the best stewards of community prosperity and

among the most stable financial institutions.

Our Bank is Your Bank

30 Years

40 Years

35 Years

25 Years

25 YEARS: Kris Bousquet, Paula Smith, Linda Wright, Kathie Nolet, Ken Wells, Priscilla Baravalle, Janet Costa, Denise Smith (not shown)

30 YEARS: Bonny Mock, Kim Finnemore, Sara Lewis 35 YEARS: Flossy Courtemanche, Liz Williams (not shown) 40 YEARS: Evelyn Jaros

After 116 years serving our neighbors, it is more true than ever when we say, “ Our bank is your bank.”

— Kenneth D. WellsSenior Vice President, Retail Lending

Vermont

Bethel264 Main Street802-234-9410

Burlington Loan Office 180 Battery Street802-658-8500

Chelsea292 VT Route 110802-685-4833

Hartland7 VT Route 12802-436-2141

Norwich303 Main Street802-649-1220

South Strafford216 VT Route 132 802-765-4013

Montpelier

Concord

Springfield270 River Street 802-885-4948

White River Junction263 Maple Street 802-295-5456

243 Sykes Mountain Avenue 802-295-2223

Windsor105 Main Street 802-674-3463

Woodstock448 Woodstock Road 802-457-9842

Mortgage Office 2588 East Woodstock Road 802-457-1177

New Hampshire

Bethlehem2212 Main Street 603-869-3311

Canaan1151 US Route 4 603-523-4377

Charlestown245 Main Street 603-826-7764

Claremont137-139 Broad Street 603-543-1276

Enfield13 Main Street 603-632-5556

Franconia347 Main Street 603-823-8104

Hanover80 South Main Street 603-643-1537

225 Lebanon Street 603-643-9829

Keene255 West Street 603-357-1619

Lancaster235 Main Street 603-788-4769

Langdon181 River Street 603-835-6333

Lebanon67 North Park Street 603-448-3650

Littleton8 Main Street 603-444-5333

Lyme1 Main Street 603-795-4300

New London259 Newport Road 603-526-9306

Walpole53 Main Street 603-756-9293

West Lebanon70 Main Street 603-298-5933

29 locations27 ATMs23 drive-ups

Countless friends!

2014

Financial Notes

12 months ending 12-31-2014

12 months ending 12-31-2015

INCOME

Interest Income on Loans & Investments $42,330,154 48,812,172 Interest Expense on Deposits & Borrowings 5,071,691 5,153,141 Net Interest Income 37,258,463 43,659,031 Provision for Loan Losses 1,610,000 2,225,000 Net Income After Provision for Loan Losses 35,648,463 41,434,031 Other Non-interest Income misc fees, overdrafts, service charges

9,264,555 11,888,789

Gains/Losses on Sales of Securities 88,993 1,002,690 Other Non-interest Expenses personnel, occupancy, other overhead

38,744,291 43,268,631

Income Before Income Taxes 6,257,721 11,056,879 Applicable Income Taxes 971,117 2,720,587

NET INCOME $5,286,604 $8,336,291

Consolidated Income StatementMascoma Mutual Holding Corporation and Mascoma Savings Bank

12 months ending 12-31-2014

12 months ending 12-31-2015

ASSETS

Cash and Cash Equivalents $21,249,953 19,936,279 U.S. Government Securities and Obligations 164,286,216 105,349,990 Other Investments 62,555,046 81,482,966 Real Estate Mortgage Loans 922,715,966 944,557,005 Consumer and Other Loans 200,135,791 208,163,063

Total Loans 1,122,851,757 1,152,720,068 Less: Allowance for Loan Losses (12,493,035) (13,741,238)

Net Loans 1,110,358,722 1,138,978,830 Bank Building and Equipment 28,067,373 27,169,343 Other Assets 57,539,800 59,145,998

TOTAL ASSETS $1,444,057,111 $1,432,063,407

LIABILITIES

Demand and NOW Deposits $396,495,013 424,600,404 Savings, Time and Other Deposits 643,930,121 784,386,929

Total Deposits 1,040,425,134 1,208,987,333 Sweep Accounts 131,503,365 18,026,854 Subordinated Debt 0 14,502,531 FHLB Borrowings 142,047,237 53,040,684

Total Borrowings 273,550,602 85,570,068 Other Liabilities 11,777,197 12,784,483

TOTAL LIABILITIES $1,325,752,933 1,307,341,884

CAPITAL

Retained Earnings/Surplus $118,620,771 126,957,063 Unrealized Gain/Loss on Investments/Pension, Net (316,593) (2,235,540)

TOTAL CAPITAL 118,304,179 124,721,522 TOTAL LIABILITIES AND CAPITAL FUNDS $1,444,057,111 $1,432,063,407

Consolidated Statement of ConditionMascoma Mutual Holding Corporation and Mascoma Savings Bank

“ I’m very pleased to work for a community bank that supports

its employees and customers, while giving back to the local

people and communities we are located in.”—Patricia B. Putnam

Vice President, Commercial Loan OfficerClaremont, New Hampshire

Clayton R. Adams Norwich, VT Joel J. Bedor Littleton, NH Jay Boucher Enfield, NH Robert E. Bowers Jr.†* New London, NH Timothy C. Briglin Thetford Center, VT Gretchen E. Cherington Meriden, NH Stephen F. Christy Lebanon, NH Stuart T. Close Norwich, VT Susan E. Coburn South Strafford, VT

Doug Cooley Windsor, VT Philip N. Cronenwett Enfield, NH Carol Ann Cunningham Woodstock, VT James L. Damren West Lebanon, NH Lang Durfee Bethel, VT Patti E. Friedman Lebanon, NH Paul B. Gardent Etna, NH Deirdre B. Goodrich Norwich, VT Gary W. Gray Westmoreland, NH

2015 Corporators

2015 Board of Directors

Gary W. Gray Westmoreland, NH

Timothy C. Briglin Thetford Center, VT

Joel J. Bedor Littleon, NH

Daniel P. Jantzen Etna, NH

Stephen F. Christy Lebanon, NH

CHAIRGretchen E. Cherington

Meriden, NH

Barry E. McCabe West Hartford, VT

Daniel B. McGee Lebanon, NH

Sara L. Kobylenski North Hartland, VT

SECRETARYEdward T. Kerrigan

Hanover, NH

Paul B. Gardent Etna, NH

VICE CHAIRFrank J. Leibly III

Taftsville, VT

Deirdre B. Goodrich Norwich, VT

Clayton R. Adams Norwich, VT

Catherine Richmond Norwich, VT

“ To me Mascoma Savings Bank represents a strong local institution that helps people improve their own economic well-being as it helps

businesses and communities do the same. ”—Gretchen E. Cherington,

Board Chair, Meriden, New Hampshire

Judy L. Hayward South Royalton, VT Allen J. Hinkle Lebanon, NH John A. Hochreiter* Etna, NH Katharyn R. Hoke New London, NH Ralph Degnan Hough Grantham, NH Joy L. Hutchins Plainfield, NH Daniel P. Jantzen Etna, NH Meredith M. Johnson Lebanon, NH Jean E. Kennedy* Plainfield, NH

Edward T. Kerrigan Hanover, NH Sara L. Kobylenski North Hartland, VT Patricia A. Ladd Chelsea, VT David P. Laurin White River Junction, VT Teresa J. LeBlanc New London, NH Frank J. Leibly III Taftsville, VT Jennifer F. Levy Norwich, VT Joseph M. Longacre†* Lyme, NH Peter A. Mason Lebanon, NH

Barry E. McCabe West Hartford, VT Sally A. McEwen Lebanon, NH Daniel B. McGee Lebanon, NH Edward D. McGee Jr.* Canaan, NH Deborah Field McGrath Grantham, NH Virginia L. McGrody Enfield, NH Robert L. Meyers Woodstock, VT Katherine J. Milligan Thetford, VT Margaret N. Mitchell Canaan, NH

Susan E. Mooney Grantham, NH Robert E. Moses†* Lebanon, NH Gary R. Neil Quechee, VT Sonia O. O’Bannion White River Junction, VT Patricia O’Neill Windsor, VT Hildegard Ojibway White River Junction, VT Patricia A. Palmiotto* Hanover, NH Chester R. Pasho Hartland, VT Rebecca S. Powell Enfield, NH

Scott W. Putney* Bethel, VT Susan A. Reeves New London, NH Catherine Richmond Norwich, VT Robert N. Ricker Lebanon, NH Shelley M. Seward Brownsville, VT Anne M. Sprague Plainfield, NH Victor S. St. Pierre Charlestown, NH Thomas F. Terry* White River Junction, VT

Tami J. Weeks Windsor, VT Todd P. Winslow Wilder, VT

†Former Chair, *Former Director

2015 OfficersStephen F. Christy President and Chief Executive Officer Barry E. McCabe Executive Vice President and Chief Operating Officer Kevin P. Beauregard Senior Vice President Financial Consultant Robert T. Boon Senior Vice President, Wealth Management Debra L. Carter Senior Vice President, Retail Services Fletcher S. Cole Senior Vice President, Chief Investment Officer, Mascoma Wealth Management Elden N. Dube Senior Vice President, Commercial Loan Officer Kenneth E. Howe Senior Vice President, Regional Commercial Manager Richard S. Jennings Senior Vice President, Commercial Loan Officer Peter R. Jones Senior Vice President, Commercial Loan Officer W. Grant MacEwan Senior Vice President, Senior Commercial Lender Christine E. Morin Senior Vice President, Operations and Chief Risk Officer Samantha L. Pause Senior Vice President, Marketing, Sales and Service Kevin J. Raleigh Senior Vice President, Commercial Loan Officer

Donald N. Thompson Senior Vice President, Chief Financial Officer and Treasurer Kenneth D. Wells Senior Vice President, Retail Lending and CRA Officer Beverly A. Widger Senior Vice President, Human Resources John M. Ziegler Senior Vice President, Commercial Credit Arlene F. Adams Vice President, Commercial Loan Officer Todd D. Allen Vice President, Senior Wealth Advisor, Mascoma Wealth Management Peter E. Begin Vice President, Security & Fraud Prevention Officer Deborah J. Blanc Vice President, Commercial Loan Officer Martha P. Candon Vice President, Sales and Service Training Director Heidi L. Chapman Vice President, Senior Operations Officer Janet S. Costa Vice President, Mortgage Officer Laura T. Curt Vice President, Senior Underwriter Raymond A. Dionne Vice President, Commercial Loan Officer Brian P. Donovan Vice President, Commercial Loan Officer William P. Dunn Vice President, Commercial Loan Officer

Perry L. Eaton IV Vice President, Information Technology Officer Catherine A. Ells Vice President, Controller Kimberly M. Finnemore Vice President, Operations Officer Norm J. Frates Jr. Vice President, Mortgage Loan Officer Sheila M Jacobs Vice President, Business and Municipal Services Evelyn M. Jaros Vice President, BSA Officer Richard F. Kozlowski Vice President, Residential Mortgage Lending Manager James E. Larrick Vice President, Commercial Loan Officer Philip S. Latvis Jr. Vice President, Centurion Insurance

Michelle M. LeClair Vice President, Commercial Loan Officer Sara B. Lewis Vice President, Loan Operations Officer Terry W. Martin Vice President, Commercial Loan Officer Bruce G. McLaren Vice President, Senior Portfolio Manager, Mascoma Wealth Management Bonny L. Mock Vice President, Branch Manager Shirley Mower-Fenoff Vice President, Retail Operations Officer Patricia B. Putnam Vice President, Commercial Loan Officer

Kimberley M. Robinson Vice President, Senior Portfolio Manager, Mascoma Wealth Management Susan Silver Vice President, Branch Manager Karen A. Slayton Vice President, Branch Manager Glen S. Valentine Vice President, Administrative Services Officer Elizabeth A. Williams Vice President, Secondary Market and Risk Management Lori E. Brown Assistant Vice President, Benefits and Recruitment Officer Patricia D. Butterworth Assistant Vice President, Branch Manager Linda W. Cole Assistant Vice President, Branch Manager Florence A. Courtemanche Assistant Vice President, Loan Officer Katie M. Dearborn Assistant Vice President, Branch Manager Pamela B. English Assistant Vice President, Loan Officer Lindsey Gardner Assistant Vice President, Retail Services Manager James M. Giller Assistant Vice President, Loan Officer Gerald Grimo Assistant Vice President, Compliance Officer Cynthia L. Landeryou Assistant Vice President, Branch Manager

Richard A. Lemay Jr. Assistant Vice President, Branch Manager Sheryl A. McDevitt Assistant Vice President, Employee Education and Development Officer Gayle L. McFarland Assistant Vice President, Electronic Services Doreen G. McKinney Assistant Vice President, Marketing Manager and Platinum Passport Club Director Kathie J. Nolet Assistant Vice President, Human Resources Operations Officer Nelly G. Palmer Assistant Vice President, Senior Credit Analyst Officer Catherine A. Ploof Assistant Vice President, Loan Officer Tonya M. St. Cyr Assistant Vice President, Branch Manager C. Michael Sanderson Assistant Vice President, Branch Manager Joseph C. Scearbo Jr. Assistant Vice President, Branch Manager Lauren B. Schumacher Assistant Vice President, Consumer Lending Manager Charles M. Taylor Assistant Vice President, Branch Manager Cheryl J. Treworgy Assistant Vice President, Branch Manager Elizabeth A. Vessichio Assistant Vice President, Commercial Loan Officer Sadie M. Wells Assistant Vice President, Branch Manager

Jamie R. Whyte Assistant Vice President, Branch Manager Patrick J. Abatiell Financial Consultant Officer, Mascoma Financial Advisors Jennifer S. Bellimer Assistant Branch Manager II Anne M. Bilodeau Mortgage Officer Henry C. Clark Collections Officer Teresa J. Fazio Underwriter II Robin L. Gray Finance/Accounting Officer Cheryl A. Lindberg Business Development Officer Sherry L. Noyes Mortgage Officer Sarah A. Powell Mortgage Officer Raelene L. Robinson Consumer Loan Underwriting Officer Chad R. Stearns Branch Manager Michael Tolaro Branch Manager Ryan L. Tremblay Mortgage Officer Linda S. Vincent Deposit Services Officer Virginia L. West Branch Manager Linda M. Wright Assistant Controller Thomas R. Zuttermeister Financial Consultant Officer, Mascoma Financial Advisors

“ I like working at Mascoma Savings Bank because first and foremost we take care of our

customers. That allows us to make a positive difference in their lives.”

—Feroza ManekshaPersonal Banker

Enfield, New Hampshire

Our Vision is to remain a mutually owned financial services company committed to exceeding the expectations of our customers, community, and employees.

Our Mission is to profitably provide, with knowledgeable service and convenient access, a broad array of financial products and services designed to meet the changing needs of our consumer and business customers.

Our Purpose is to deliver exceptional customer service while improving our community and customers’ lives.

Quickvoice: 800.707.3553 Toll Free: 888.627.2662 mascomabank.com