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Bottom Line: Hanover Co-op sales surge in pandemic, but expenses were way up, too Modified: 5/15/2021 11:01:37 PM The Hanover Co-op had a banner year in 2020, with sales jumping 11% to a record $85.4 million. And the bottom line swung to a profit of $1.8 million, the fattest the Co-op has recorded in its 85-year history. But, despite the stellar results, the Co-op’s “patrons” won’t be seeing a refund check in the mail, which, with the exception of a modest check last year, has become more the norm in recent years. What happened? Roaring sales driven by people dining at home during the COVID-19 pandemic were accompanied by an even more roaring increase in wholesale costs and higher payroll expenses to handle the workload, as detailed in the 2020 financial report presented at the Co-op annual meeting last month. ....
Claremont Savings Bank opening West Lebanon branch Staff report Modified: 5/10/2021 3:37:09 PM WEST LEBANON Claremont Savings Bank plans to open a full-service branch at 106 North Main St., an expansion into the heart of the Upper Valley. The West Lebanon branch, which would open this summer, will be in the first floor of the building which is currently home to stations connected to Great Eastern Radio, according to a news release from the bank on Monday. The radio station operations will be consolidated on the second floor of the building, the release said. Claremont Savings Bank has had a loan production office in West Lebanon for the past three years but is opening a full-scale branch because of the number of people who live in Claremont and work in the Lebanon area, and those who do the reverse commute as well, bank President Reggie Greene said in the news release. ....
‘It’s pretty much insanity’: Pandemic-weary out-of-staters make Upper Valley housing market a feeding frenzy Modified: 5/1/2021 10:01:38 PM Related stories WEST LEBANON How crazy has the real estate market become in the Upper Valley? Ask Amanda Addington. Addington and her partner, both 32, share a one-bedroom apartment in Hartland with their cat, Gary, and since September have been actively looking to buy their first home. They want to settle in the area with a bigger place. The professional couple she works in the development office at Dartmouth College, he is a social worker in Vermont have visited 23 houses and condos, from Canaan to Quechee and Enfield to Thetford. They’ve made eight offers, not one less than asking price. ....