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Ledyard Financial Group
Ledyard Financial Group

Financial services / Bank

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Ledyard Financial Group is a company that provides banking and financial services to individuals, businesses, and institutions in New Hampshire. It was founded in 1991 and is headquartered in Hanover, New Hampshire. The company operates as a bank holding company for its subsidiary, Ledyard National Bank, which offers a range of banking, investment, and wealth management services.
Ledyard Financial Group is a publicly traded company and is listed on the NASDAQ stock exchange under the ticker symbol LFGP. It is a member of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve System.
The company's mission is to be the premier community financial services company, committed to serving the needs of its customers, employees, and shareholders. It strives to be a trusted financial partner by providing innovative and personalized banking solutions to its customers.
Ledyard National Bank offers a variety of personal banking services, such as checking and savings accounts, mortgages, personal loans, and credit cards. It also offers business banking services, including business checking and savings accounts, loans, and cash management services. In addition, the bank provides investment and wealth management services, such as financial planning, retirement planning, and trust and estate services.
Apart from its financial services, Ledyard Financial Group is also committed to being an active member of the community. The company and its employees participate in various charitable and community events to support local organizations and initiatives.
In summary, Ledyard Financial Group is a trusted and established financial services company that offers a wide range of banking, investment, and wealth management services to meet the needs of its customers. It is dedicated to serving its community and helping individuals and businesses achieve their financial goals.
What is special about the company?
1. Strong community focus: Ledyard Financial Group is deeply committed to supporting and investing in the local community. They sponsor various community events, provide financial education programs, and support charitable causes.
2. Long-standing history: The company has been in operation for over 31 years, and has served generations of families and businesses in the Upper Valley region of New Hampshire and Vermont.
3. Employee-owned: Ledyard Financial Group is majority-owned by its employees, giving them a vested interest in the success and growth of the company.
4. Financial stability: The company has a strong financial position and has consistently been profitable, even during economic downturns.
5. Experienced leadership: The executive management team has been with the company for an average of 18 years, providing stability and a deep understanding of the local market.
6. Comprehensive services: Ledyard Financial Group offers a wide range of financial services, including banking, wealth management, insurance, and trust services, making it a one-stop-shop for customers.
7. Focus on customer relationships: The company prides itself on building long-term relationships with its customers, providing personalized and exceptional service.
8. Ethical standards: Ledyard Financial Group holds itself to high ethical standards and is committed to transparency and integrity in all its business practices.
9. Technologically advanced: The company has invested in cutting-edge technology to provide customers with convenient and secure banking services and stay ahead in the digital age.
10. Awards and recognition: Ledyard Financial Group has been consistently recognized for its financial performance, community involvement, and workplace culture, including being named one of the Best Places to Work in Vermont for 10 consecutive years.
What the company's business model?
Ledyard Financial Group is a financial services company that operates primarily through its subsidiary Ledyard National Bank. The company provides a range of banking and wealth management services to individuals, businesses, and municipalities in New Hampshire and Vermont.
The business model of Ledyard Financial Group is focused on offering personalized and relationship-based banking services to its clients. This includes traditional banking products such as checking and savings accounts, loans, credit cards, and mortgages. The company also provides investment management and trust services, as well as insurance and retirement planning through its wealth management division.
In addition to its core banking and wealth management services, Ledyard Financial Group also generates revenue through various fee-based services such as financial planning, brokerage, and investment management fees. The company also offers a range of online and mobile banking services to enhance customer convenience and engagement.
The main sources of income for Ledyard Financial Group include interest income from loans and investments, as well as fees and commissions from its various products and services. The company follows a conservative and disciplined approach to managing its operations, with a focus on maintaining strong asset quality and liquidity. The goal of the business model is to provide sustainable and profitable growth while also prioritizing the needs and satisfaction of its clients.
Interesting facts about the company
1. Ledyard Financial Group was founded in 1991 as a holding company for Ledyard National Bank, a community bank established in 1990 in Hanover, New Hampshire.
2. Ledyard National Bank was founded by six local business leaders who felt that there was a need for a local, independent bank in the Upper Valley region of New Hampshire and Vermont.
3. The name Ledyard was chosen in honor of John Ledyard, a local explorer and adventurer who was born in nearby Groton, Connecticut in 1751.
4. Ledyard Financial Group became a publicly traded company in 1992 and is listed on the NASDAQ stock exchange under the ticker symbol LFGP.
5. In addition to Ledyard National Bank, the company also operates a wealth management division, Ledyard Financial Advisors, which provides investment management and financial planning services.
6. The bank has grown significantly since its inception, with assets totaling over $611 million and serving customers from 9 branch locations in New Hampshire and Vermont.
7. Ledyard Financial Group has consistently been recognized as one of the best banks to work for in the State of New Hampshire, and has also been named one of the top community banks in the country by the Independent Community Bankers of America.
8. The company takes its community involvement seriously, with a strong focus on supporting local organizations and initiatives through donations, volunteer work, and partnerships.
9. Ledyard Financial Group is the largest independent bank headquartered in the Upper Valley region of New Hampshire and Vermont, and prides itself on offering personalized service and building long-term relationships with its customers.
10. The bank has received numerous awards and accolades over the years, including being named one of the top community banks by Forbes magazine and being recognized for its outstanding performance and growth by the American Bankers Association.
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