Northway Financial, Inc. Appoints Scott Thimann as Chief Banking Officer
July 30, 2015
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Northway Financial Inc. announced that Scott Thimann joined the company as Chief Banking Officer. Scott will be responsible for Retail Banking, Retail Lending, Marketing and Alternative Investments. Scott has spent his career in both community and large regional banks most recently as EVP of Blue Hills Bank in Boston, Massachusetts.
Northway Financial, Inc. is a bank holding company for Northway Bank (the Bank). The Bank is engaged principally in the business of attracting deposits from the general public and investing those deposits in securities, commercial loans, real estate loans and consumer loans. It has six segments. Residential segment offers first lien mortgages and home equity loans. Construction segment offers residential construction and commercial real estate construction loans. Commercial segment offers loans, which are secured primarily by income-producing investor-owned or owner-occupied business properties. Commercial segment offers loans, which are made to businesses and are generally secured by assets of the business. Consumer segment offers automobile and aircraft loans, and repayment is dependent on the credit quality of the individual borrower. Municipal segment offers loans, which are generally unsecured, and repayment is dependent on the tax assessments of the local municipalities.
NORTHWAY FINANCIAL, INC. 
