Millyard Bank chooses Hollis for second location
Millyard Bank, which opened for business at 57 Northeastern Blvd. in Nashua in late 2019, plans to open a second location in Hollis, pending regulatory approval. The bank also recently announced its first community stock offering — 460,000 shares of common stock at $12.50 per share.
“The addition of a second location in Hollis allows us to provide convenient, local banking to a broader range of individuals and businesses,” said G. Frank Teas, president of Millyard Bank, in a statement. “And the investments made through our public offering will bolster our ability to extend loans to businesses and individuals throughout southern New Hampshire to help ensure that they – and the region’s economy – thrive in these uncertain times.”
Millyard Bank opened on Dec. 23, 2019, and was one of only five banks to open in the United States that year. Despite the pandemic, the bank quickly became a partner for local business, the company said. It extended 311 Paycheck Protection Program loans totaling $32.2 million to 311 area businesses through the Small Business Administration program, according to the bank.
Millyard expects to open the Hollis location in early 2022.