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Ledyard Reports Record Earnings For 2020
January 27, 2021 GMT
HANOVER, N.H. (BUSINESS WIRE) Jan 27, 2021
Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, is proud to announce record quarterly and year-to-date earnings. We are very proud of these results but remain focused on risks to the organization due to Covid-19. The pandemic’s full impact on both the national and local economy continues to be highly uncertain and far-reaching. Our focus remains on strengthening our financial position by building our reserve for loan losses, improving our liquidity position, and taking the necessary steps to preserve core earnings. Our results demonstrate that our financial condition remains strong and that our core businesses continue to thrive in a difficult operating environment. As a community bank, we continue to focus on the safety of our emp