Northway Financial, Inc. operates as the holding company for Northway Bank, which provides community banking services for individuals and small and medium-sized companies principally in New Hampshire. As of December 31, 2006, the Bank operated 20 branch offices. Loan Portfolio The Bank engages in general commercial banking business and offers commercial and construction loans, real estate mortgages, consumer loans, including personal secured and unsecured loans, and lines of credit. Investment Activities As of December 31, 2006, the Bank’s investment portfolio included U.S. Treasury and other U.S. government agency securities, Mortgage-backed securities, Marketable equity securities, corporate bonds, Asset backed securities, and State and political subdivision bonds and notes. Deposits The Bank accepts savings, time, demand, NOW and money market deposit accounts, and offers a range of banking services, including safe deposit boxes, credit cards, official checks and money orders, overdraft lines of credit, alternative investments, commercial cash management, and wire transfer services. Customers The Bank’s major loan customers are in the hospitality industry. History Northway Financial, Inc. was founded in 1881.
northway financial inc (NWYF:OTC US)
3424 White Mountain Highway
North Conway, NH 03860
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