Pentucket Bank and the family of former Bank President & CEO Edmund J. Cote, Jr. have established a scholarship for graduating Haverhill High School Seniors in the name of the late Mr. Cote, beginning in 2021.
Edmund J. Cote, Jr. served as the President and CEO of Pentucket Bank for more than 15 years from 1983-1998 and remained a part of the Pentucket Bank family as a Director and Corporator until his passing on June 14, 2020. Mr. Cote was instrumental in several strategic growth initiatives at Pentucket Bank, most notably spearheading the purchase of what is now the Bank’s Main Office Branch and office building at One Merrimack Street in Downtown Haverhill.
Mr. Cote was not raised in a family of means; he was a bright student, but not among the top students in his class, however he was an extremely hard worker with a charismatic personality. Throughout his career, he found great fulfillment in community service and volunteerism, while he advanced in his career in banking. He went on to become the President of BayBank Merrimack Valley before moving on to finish his esteemed career at Pentucket Bank. As a tribute to Mr. Cote, the Cote family raised $20,000 to establish a memorial scholarship in his name at Haverhill High School. In honor of the Bank’s former leader, Pentucket Bank matched the funds in full, providing the City of Haverhill with a $40,000 investment to The Edmund J. Cote, Jr. | Pentucket Bank Scholarship Fund.
Scott D. Cote, current Pentucket Bank CEO & Chairman of the Board and son of Edmund J. Cote, Jr. remarked,
“Upon my father’s passing in June of 2020, my family felt strongly about honoring my father’s legacy by establishing a scholarship in his name. I am extremely proud that we were able to raise $20,000 as a family, something my father would have been so moved by.” He continued, “I am humbled by Pentucket Bank’s offer to match the funds in full, bringing the investment to $40,000. It is a testament not only to my father’s legacy as President & CEO of the Bank but also of the Bank’s long-standing commitment to investing in our community and supporting the continued education of our youth.”
The scholarship, which will be awarding two, $1,000 scholarships annually to two Haverhill High School graduating seniors beginning in 2021, is intended to provide support and assistance to students like Mr. Cote; students who are not the top of their class, but whose potential is unlimited when given the opportunity to succeed.
Haverhill, MA- March 18, 2021
Scott D. Cote, CEO and Chairman of the Board of Pentucket Bank, Bank President Jonathan Dowst, along with the Board of Directors and Trustees, officially welcomed the following community leaders to the Board of Corporators at the 129th Annual Meeting of Pentucket Bank on March 11, 2021.
Delia Duran-Clark, Delia is the Principal of Esperanza Academy in Lawrence, and was previously an Adjunct Professor at Merrimack College. She is a graduate of Boston College, and also holds advanced degrees in Education and Social Work. Delia is a resident of Andover, and very active in Haverhill including serving as a Director of the Greater Haverhill Chamber of Commerce.
Maria Bonanno. Maria owns the law firm Bonanno Law and Title, PC in Methuen. She has been a practicing attorney in the Commonwealth of Massachusetts since 2009. Maria received her J.D. from Massachusetts School of Law and her B.A from Merrimack College. Her areas of concentration are commercial and residential real estate. In the community, Maria is a Board Member of the Holy Family Hospital and Nevins Family of Services. She lives in Methuen.
Dr. Noemí Custodia-Lora. Noemi is Vice President at Northern Essex Community College, where she runs Community Relations and the Lawrence Campus. Noemi holds a BS in Biology from Universidad de Puerto Rico, a Ph.D. in Physiology and Molecular Endocrinology from Boston University, and she did her Post-Doctoral Research Fellowship at Tufts Medical School. Her professional interests include strategies aimed at increasing access to education, especially for underrepresented minorities, adult learners, and immigrants. She is a resident of Haverhill.
Ryan Horgan. Ryan is Vice President and General Manager of Rockingham Toyota in Salem, NH. His family owned and operated business was established in 1985 and has deep, extended roots throughout the Greater Salem community. Ryan is a graduate of Southern New Hampshire University, with a Masters in Business Administration and Organizational Leadership. He is active in the community as a Board Member of the Boys & Girls Club of Greater Salem NH. He lives in Atkinson.
Haverhill, MA - March 16, 2021
Michelle Lavigne, a Corporator of Pentucket Bank since 2019, is the owner of several Servpro franchises, including Haverhill where their headquarters are located. Michelle officially joined the Servpro team, her family’s business, in 2006 where she worked for her father and fellow Pentucket Bank Corporator, Dave Hart, as marketing and office manager before purchasing the business with her husband Patrick in 2013.
Michelle is a member of the Exchange Club of Haverhill and currently serves on the board as Treasurer. Michelle is also an active supporter of numerous local organizations including the Liz Murphy Open Hand Food Pantry, Sacred Hearts School, the Boys & Girls Club of Greater Haverhill and many youth sports programs. Michelle lives in Haverhill with Patrick and their two children.
Daniel Norris, became a Bank Corporator in 2011. He practices Corporate Law and is a Director in the McLane Middleton Law firm in Manchester, NH and Woburn, MA. Dan received his J.D. from Northeastern University School of Law and his B.A with distinction from Purdue University. Dan’s areas of focus at the firm include Mergers and Acquisition and Corporate Business Law, as well as other corporate specialties.
In the community, Dan is a member of the Central Catholic Board of Directors, a member of the Salem Chamber of Commerce, and has served on the Salem Boys & Girls Club Board of Directors, where he was past president, as well as many other local and statewide affiliations. Dan lives in Salem, NH with his wife Lori and their three children.
Pentucket Bank Welcomes Maureen Meletis as
Vice President/Program Manager
Scott D. Cote, CEO and Chairman of the Board of Pentucket Bank, Jonathan Dowst, President, along with the Senior Management Team of the Bank, are pleased to welcome Maureen Meletis to the team as Vice President/Program Manager.
Maureen began at the Bank on February 1st, bringing over thirty years of banking experience; many of those years spent with a focus on commercial lending administration, project management and process improvement. In her new role with Pentucket Bank, Maureen is responsible for maintaining the Bank’s Program Management Department, tracking statuses, timelines, and financials of all in-flight projects across the Bank. Maureen will work collaboratively across all departments of the Bank to help Project Managers keep their projects on track and ensure project outcomes are in line with their project charters and the Bank’s overall goal of providing superior customer service to all customers.
Maureen resides in Derry, NH with her family and when not working enjoys gardening and volunteering with the MA & NH Alzheimer’s Associations, where she is an advocate, Program Volunteer and a past chair of the Central NH Walk to End Alzheimer’s.
Pentucket Bank Purchases 4th Floor of Pentucket Bank Plaza at Harbor Place
Scott D. Cote, CEO and Chairman of the Board of Pentucket Bank is pleased to announce the purchase of the fourth floor of the Pentucket Bank Plaza building at Harbor Place in Haverhill. This purchase reinforces the Bank’s continued commitment to supporting and investing in the revitalization of Haverhill’s downtown.
Pentucket Bank currently occupies the entire fourth floor of the building with several of their administrative offices, which began as a ten-year lease agreement in 2016. This initial lease agreement made by Pentucket Bank was the first of several occupancy commitments needed in order to secure the critical state and private sector funding that made the Harbor Place development possible. Following Pentucket Bank’s commitment, others, such as UMass Lowell, MTM Insurance Company and HC Media Inc. signed their respective occupancy/purchase agreements and the project proceeded to completion and the Pentucket Bank Plaza building is now fully occupied.
“We have been proud of the pivotal role that Pentucket Bank has played in making the Harbor Place development project a reality,” said Scott Cote, CEO / Chairman of the Board. He continued, “We were the first business to commit to space in the building by signing our long-term lease; an investment that we felt showcased our support of Haverhill’s downtown renaissance. We have now taken that commitment to another level by purchasing the space so that the Bank will remain in downtown Haverhill where they started in 1891."
As part of their initial, early phase lease commitment, Pentucket Bank negotiated naming rights to the commercial building, now known as Pentucket Bank Plaza at Harbor Place. The building stands at the site of the former Woolworth Building, which had remained vacant for over 40 years. Pentucket Bank purchased the fourth floor space from building owners Harbor Place Bell/Merrimack Street Ventures LLC/Planning Office for Urban Affairs, Inc.
Pentucket Bank Plaza at Harbor Place is located directly across the street from the Bank’s Main Office Branch and office building at One Merrimack Street, anchoring Pentucket Bank on both corners of a gateway into Haverhill’s downtown district.
Pentucket Bank Once Again a Leader in Next Round PPP Processing
Haverhill, MA - January 15, 2021
Pentucket Bank has done it again, successfully submitting applications to the SBA on behalf of their customers before 8:00 a.m. Friday morning, once again establishing themselves as a leader in the PPP process. The SBA began accepting PPP loan applications from financial institutions on Friday, January 15th.
Pentucket Bank created a unique process for accepting PPP loan applications during the first round of funding in 2020, allowing the Bank to process loan applications with the SBA swiftly and efficiently. The process proved successful as the Bank processed over 400 PPP loans totaling $65 million in 2020, positively affecting over 6,000 local jobs within the first few weeks following the release of the program. Pentucket Bank updated this process in preparation for the current round of PPP funding, providing their customers with new checklists, loan calculators and other helpful resources. They began accepting applications from current PPP loan customers on Thursday, January 14th - in advance of the SBA opening its portal on the morning of January 15th.
“We notified customers at 1 p.m. Thursday that we were accepting applications. By this morning, we had 60 applications in,” said Stephen Jaskelevicus, SVP/Chief Credit Officer at Pentucket Bank. He continued, “We know our customers are anxious about funding running out, so we’re glad to be able to take that burden off of them. Our team was ready, and we’re proud to once again be ahead of the game on our customers’ behalf.”
Pentucket Bank is currently limiting requests for new PPP loans to existing Pentucket Bank deposit or loan customers. The Bank will continue to evaluate demand and may open up to new customers at a later date if capacity allows. For the most up-to-date information, visit: www.pentucketbank.com/federal-stimulus.