February 13, 2020 at 7 AM - Hillary's Journey to Recovery
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Today's Program, 6 February 2020
Member Steve Christy, History of Saving Banks and Mascoma Saving Bank in Lebanon
Steve Christy
Steve started his talk reminding us that he grew up in the south. His father was a Presbyterian minister, and his family moved about every 5 years to a new church. He found his way to New Hampshire by working on the Mount Washington Railroad. He met his wife, Donna in Claremont. He worked most of his careen at the Mascoma Saving Bank starting as a teller and ending his career as the president and CEO of the bank.
The majority of his talk was telling us about the evolution of Saving Banks. Saving banks started at the beginning of the industrial revolution. He shared that the first saving bank was established in Ruthwell, Scotland.
From Saving Bank Museum in Scotland's web page:
History of Ruthwell Saving.
"It was the wish of the Rev Henry Duncan to do something of real and lasting value for the under-privileged that led to the beginning of his savings bank movement.
He believed deeply in the dignity of the ordinary working man. Wherever he saw injustice he worked and spoke against it. Despite the appalling poverty of the time, he was totally against the introduction of a poor rate - something he fought against all his life, believing subsidies were degrading and did nothing to create a spirit of pride and independence."
Prior to this, banks only existed for the privileged. There was no place for a commoner to save money and earn interest.
Again from Wikipedia:
"The first chartered savings bank in the United States was the Provident Institution for Savings in the Town of Boston, incorporated December 13, 1816. The Philadelphia Savings Fund Society began business the same year, but was not incorporated until 1819. In 1818, banks for savings were incorporated in Baltimore and Salem, and in 1819 in New York, Hartford, Newport and Providence."
Most of the mutual banks were established in New England. This was a time when hydro powered textile mills were built in the late 1800s.
From the Mascoma Bank web page:
"Mascoma Bank was formed in 1899 by a group of local, civic-minded people. More than 100 years later, the Bank’s purpose remains the same: to provide depositors with a safe, convenient place to save and manage their money while meeting the credit needs of customers within our service area. In addition to serving our neighbors, we strive to be part of the fabric of the area by participating in civic affairs and donating to numerous deserving community groups and activities through the Mascoma Bank Foundation. It’s what we call community banking."
Steve shared that the bank received its charter on February 2, 1899 and opened for business on April 8, 1899.
Steve gave us a broad overview of banking in Lebanon and relationship the bank had with National Bank of Lebanon.
With the construction of the interstate highway system in the 1960, Lebanon became more accessible and many were drawn to the Upper Valley. in the 70s and 80s, Mascoma Saving Bank doubled in size every 5 years.
In the 1990s, when Steve took over as president and CEO, the Upper Valley experienced a real estate depression. He lead the organization through this period of decline, and help reestablish it as a viable banking operation. By the time he retired, the bank had over 1.5 billion dollars in assets.
Steve talked about the creation of the Mascoma Foundation, and why is an important part of the banks mission.
Steve shared a lot of other facts about the ins and outs of banking, the ups and downs of this industry. Your editor isn't sure she understood all of the facts he presented, so I will end this article here. Feel free to reach out to Steve if you have questions about the history of saving banks and Mascoma Bank in particular.
Steve Christy
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Guests - No guests today
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Happy Dollars
Tim Gauraldi was delighted to let us know that his granddaughter arrived. Her name is Harriet Colliope. Tim enjoyed watching the Super Bowl...even though he was a San Francisco supporter.
Hank Clark let us know that there would be a talk on Bears and Pandas in White River Junction next Wednesday at 2 PM.
Bill Secord continued to urge us to subscribe to a local newspaper. He was up reading the Valley News this morning at 3:30 AM.
Marilyn Bedell had a lovely birthday dinner with Ron at the Castle in Cavendish, VT last Thursday.
Willy Koppenheffer and Don MacMeekin let us know they arrived at 7 AM for Rotary...then realized we were having a lunch meeitng.
One more pitch for Bruce Pacht. He shared that we are just days away from Valentines Day. The North Country Chordsmen will be doing singing Valentines again this year. 50% of there Valentine slots have been sold. To learn more click here
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Raffle
Dean Cashman pulled the 20 of Hearts . So...the hunt for the queen continues.
David Crandall won the car wash.
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Flag Etiquette, from John Yacavone
Mark your calendar with these important American Flag Half-Staff dates for 2020:
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Listen Dinners 2020
Reminder - If you signed up to cook on 11 February, please arrive at Listen by 3:30 PM
Here is the Community Dinner Schedule for 2020
Click Here to Sign-up to Volunteer for one or a few of these dates
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Thank you for your interest in Visions for Creative Housing Solutions,
We hope you can join us if you’re in the area or contact us to learn more:
VISIONS 2020 Green Street Campaign is having a celebration!
Mark your calendars for the public launch of the Visions 2020 Green Street Capital Campaign:
When: Thursday, February 27th from 4 – 6 PM Where: AVA Gallery and Art Center, 11 Bank Street in Lebanon, NH
Rotary Leadership Institute (RLI) February 29, 2020 in Concord, NH
The Institute is offered in in three full day sessions (Parts I, II and III). Though you do not have to commit to taking all three courses. The goal is for you come back to our club with increased knowledge about Rotary in our region and Rotary International as a whole.
Click here for Registration Information. Our Rotary District will pay for your tuition. Submit a receipt and the club will work with the district to get you a reimbursement check.
Remember...Rudy is hoping to have company for the ride to and from Concord.
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The City of Lebanon will hold a ribbon cutting for the 7 solar arrays Revison Energy was privileged to install for the City. Revision Energy's Director of Marketing, Dan Weeks, will speak at our club in May. The ribbon cutting ceremony is planned for Monday, March 2nd at noon at the Kilton Library. We are invited to attend.
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Great American Pie Buffet - Supporting the Eradication of Polio
Here's what you need to know:
What kinds of pies are you going to make. Everyone is asked to provide at least two pies, on sweet, one savory, or donate $30 and the committee will purchase two pies for you. Please, sign up at our meeting or let Tim Gauraldi know what you will bringing or donating.
Pie tickets are now available. Your job is to sell 5 tickets or purchase 5 tickets.
Bruce Pacht sent every one a copy of the poster via e-mail. Help promote the pie buffet by e-mailing information to friends, or post on your social media pages.
Posters are now available (copy of the poster is the top picture in this newsletter) - Pick some up at our next meeting and get them hung all around the Upper Valley
The #1 priority for Rotary International and The Rotary Fondation is the eradication of Polio. We need to be a part of the End Polio Now campaign. The Bill and Melinda Gates Foundation will match our donations $2/$1!
Planning has started for out Great American Pie Buffet to be held again at Lebanon High School on April 4, 2020. Volunteers needed to help plan the event. Bruce Pacht and Tim Gauraldi are leading this event. Let them know if you can be on the planning team.
Tim will be sending around a sign up sheet each week for members to identify what kind of pies they are making. We are being requested to provide 2 to 3 pies.
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Save these dates!!
Listen Food Drive
March 14, 2020 at the Lebanon Co-op, 10 AM to 1 PM. Sign up doodle poll will be sent out soon.
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April 30, 2020, 5th Thursday will be an evening social meeting starting at 5:30. Stay tuned for more details about the evening. Guest welcome to join you.
On Thursday, May 14, 2020 We will be hosted by Kimball Union Academy in the evening.
The plan:
5 PM - Art Tour
6 PM - Dinner
7 PM - Spring Dance Concert
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2020 Holiday Party and Yankee Swap
It's never to early to plan...Mark you calendars now, our 2020 Holiday Party and Famous Yankee Swap!! it will be on Thursday, December 17, 2020 at the Quechee Inn at Marshland Farms. Cost will be the same as 2019...$40/person.
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Rotary International
From the Rotary Web Site:
Toastmasters and Rotary partner to help members grow professionally and make a difference in their communities
ENGLEWOOD, Colo., Jan. 7, 2020 — Members of Toastmasters and Rotary will enhance their skills, broaden their networks and increase their positive impact in communities through a new collaboration.
The ongoing relationship between the two organizations will begin at the grassroots level with local club members learning and working together. Additionally, Toastmasters will create a set of eight structured communication and leadership development courses for Rotary with a phased rollout that will be available in English in 2020, and in more languages in 2021.
“The strategic alliance with Rotary is exciting and allows both organizations to leverage our unique and similar strengths,” says Deepak Menon, Toastmasters' 2019-20 International President. “We look forward to providing our current and prospective members with ongoing additional offerings that meet their evolving needs.”
With its first unofficial meeting held in Bloomington, Ill., in March 1905, Toastmasters is a global nonprofit organization with more than 16,800 clubs in 143 countries. Its members attend club meetings where they learn how to be more confident speakers, communicators and leaders. Toastmasters’ vision for the ongoing collaboration with Rotary is to change more lives for the better, and positively impact communities around the world.
“Collaborating with Toastmasters will provide our members with even more opportunities to develop and improve their leadership and communication skills,” said John Hewko, general secretary and CEO of Rotary International. “In turn, members of Toastmasters can connect with more people, take advantage of new speaking and learning opportunities, and make a difference in their communities through Rotary.”
Rotary provides its members opportunities to develop professionally, gain world understanding, and make lifelong friendships – all while volunteering to improve lives and bring lasting, positive change to communities.
Founded in 1905 in Chicago, Ill., Rotary is a global network of people committed to improving lives and bringing positive, lasting change. Each year, Rotary members contribute millions of dollars and volunteer hours to promote health, peace and prosperity in communities across the globe. Through volunteering, they make lifelong friendships that transcend political, cultural and generational boundaries and foster global understanding and respect.
For further information or interviews from Toastmasters International, please contact dolson@toastmasters.org or call +1720 619 5344.
For further information or interviews from Rotary International, please contact chanele.williams@rotary.org or call +1847 866 3466
About Toastmasters International: Toastmasters International is a worldwide nonprofit educational organization that empowers individuals to become more effective communicators and leaders. Headquartered in Englewood, Colo., the organization's membership exceeds 358,000 in more than 16,800 clubs in 143 countries. Since 1924, Toastmasters International has helped people from diverse backgrounds become more confident speakers, communicators and leaders. For information about local Toastmasters clubs, please visit www.toastmasters.org. Follow @Toastmasters on Twitter.
About Rotary: Rotary brings together a global network of volunteer leaders dedicated to tackling the world’s most pressing humanitarian challenges. Rotary connects 1.2 million members of more than 35,000 Rotary clubs in over 200 countries and geographical areas. Their work improves lives at both the local and international levels, from helping those in need in their own communities to working toward a polio-free world. See www.rotary.org.
Upcoming Programs
February 13, 7 AM Meeting, Hillary, Journey to Recover
February 20, Noontime Meeting, Professor Elizabeth Newton - It wasn't a typical first week at work: meet your colleagues, get settled in, confirm the existence of a new planet about 900 trillion miles from earth. But for physics and astronomy professor Elisabeth Newton, that's exactly how she started her new job at Dartmouth College earlier this year.
February 27, 7 AM Meeting, Rick Dickson, CCBA
March 5, Noontime Meeting, Monica Zulauf, Mayhew Organization
March 12, 7 AM Meeting, Interactor, Jordan Graham, Update on our District Grant...Romano Circle Community Room Renovations
March 19, Noontime Meeting, Round 2 of the District Speech Contest with students from Lebanon and Randolph
March 26, 7 AM Meeting, Teri Eastman, Mentoring 1st. year medical students
April 2, 2020, Noontime, Meeting Bob Sherman - The Radio Industry
April 16, 2020, Noontime, Marcos Stafne, PhD, Montshire Museum
April 30, 2020, 5th Thursday will be an evening social meeting at Harvest Hill starting at 5:50 PM. Quests welcome. Stay tuned for more details about this event.
May 7, 2020, Noontime Meeting, Dan Weeks, Solar Energy
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