Lake Sunapee Bank Group Announces 7.7% Increase to Quarterly Dividend

NEWPORT, NH--(Marketwired - Jul 9, 2015) - Lake Sunapee Bank Group (NASDAQ: LSBG) has declared a regular quarterly cash dividend of fourteen cents ($0.14) per common share payable July 31, 2015, to stockholders of record as of July 24, 2015. The Board of Directors voted unanimously to approve the dividend, which represents a 7.7% increase over previous quarters.

About Lake Sunapee Bank Group

Lake Sunapee Bank Group is the holding company of Lake Sunapee Bank, fsb, a federally chartered savings bank that provides a wide range of life-cycle banking and financial services. Lake Sunapee Bank has four wholly owned subsidiaries: Lake Sunapee Financial Services Corp.; Lake Sunapee Group, Inc., which owns and maintains all buildings and investment properties; McCrillis & Eldredge Insurance, Inc., a full-line independent insurance agency; and Charter Holding Corp., which wholly owns Charter Trust Company, a trust services and wealth management company. Lake Sunapee Bank Group, through its direct and indirect subsidiaries, operates 29 offices in New Hampshire in Grafton, Hillsborough, Merrimack and Sullivan counties and 16 offices in Vermont in Orange, Rutland and Windsor counties. Lake Sunapee Bank Group has total assets of approximately $1.5 billion.