News and Events

Federal Savings Bank Supports Habitat for Humanity

Federal Savings Bank President and CEO, James J. O’Neill, Jr., is pleased to announce the Bank’s recent donation of $3,000 to Southeast New Hampshire Habitat for Humanity.

"We are so pleased to provide support to an organization committed to helping people achieve the dream of homeownership," said O’Neill. FSB Vice President, Paul Bergeron, who serves on the SENH Habitat for Humanity Board of Directors, noted how meaningful community support is to the organization. "In addition to volunteer efforts, financial support is crucial to the successful completion of homes and every dollar allows SENH Habitat for Humanity to fulfill its important mission," he stated.

Southeast Habitat for Humanity seeks to eliminate homelessness in the Southeast region of New Hampshire. The organization builds affordable homes in partnership with hard-working local families in need, in NH’s Strafford and Rockingham counties. Since its founding in 1990, the organization has built or rehabilitated 15 homes in Dover, Gonic, Northwood, Rochester, Somersworth and Farmington and has placed 50 people in quality homes. For more information, visit


Mukankaka Joins Local Board

Christina Mukankaka, Credit Analyst at Federal Savings Bank, was recently elected to the Board of Directors to the Dover Adult Learning Center of Strafford County, located in the McConnell Community Center in Dover.

 “I was delighted to join the Board of Directors. This organization provides invaluable services to individuals in our community,” said Mukankaka. “The existing Board is comprised of wonderfully dedicated community members, and I am pleased to be a part of the group,” she added.

Dover Adult Learning Center is an education and advocacy organization that helps adults in the Strafford County area enhance their life-coping skills through education, high school completion, job training, and enrichment classes.

FSB Supports Families First

Federal Savings Bank recently made a $5,000 donation to Families First Health and Support Center in Portsmouth, to help meet a $25,000 challenge match gift. Families First provides health and family services to the community, regardless of the ability to pay and significantly contributes to the well-being of over 6,300 area residents each year.

"The mission of Families First to provide quality service to our local communities is directly aligned with the philanthropic mission at Federal Savings Bank and we are so pleased to support this organization," said James J. O’Neill, Jr., Federal Savings Bank President & CEO. In a challenging economy and with budget cuts to important resources such as health care, it is crucial that our community partners work together in helping the Seacoast thrive. "I would encourage area businesses, families, and individuals to step up and help such a worthy organization," O’Neill added.

"The ability to provide comprehensive health care and lifestyle resources to our neighbors in need is truly admirable," said David McArdle, FSB SVP/Senior Banking Officer. "As a Finance Committee Member at Families First, I see the direct result of financial generosity from the community, which continuously helps improve the quality and quantity of service," he noted.

Bolduc Named to FSB Board of Directors

Patricia Barbour, Federal Savings Bank Board Chairman is pleased to announce the appointment of Michael J. Bolduc to the Bank’s Board of Directors.

Bolduc is a partner and attorney with Wyskiel, Boc, Tillinghast & Bolduc, P.A, a law firm founded in 1987 that represents clients throughout New Hampshire and southern Maine. Mike’s extensive practice includes estate planning, trust and probate administration and business planning. "We are so fortunate to welcome Mike to our team," noted Barbour. "He joins a group of dedicated board members who share a commitment to preserving the strength of local, community banking," she added.

Throughout his successful career, Mike has remained committed to giving back to his community. He is the immediate past-chairman of the Dover Chamber of Commerce, is the Vice Chair of the Wentworth Douglass Hospital Health Foundation and is a member of the Dover Rotary Club. He is a past Board Member of the Homemaker Health Services, has served as past President and Board Member of the Child Development Center of Strafford County, and has served the Greater Rochester Chamber of Commerce as Vice Chair of the Government Affairs Committee. "I couldn’t be more pleased to join an organization that shares my passion for giving back and improving the quality of life for area residents. I look forward to playing a role in the continued growth and success that Federal Savings Bank has enjoyed for over 120 years," according to Bolduc.

In addition to Bolduc, the Bank’s Board of Directors includes James J. O’Neill, Jr., President and CEO, Edward Lemos, VMD, James Schulte, Peter Hamblett, James Jalbert, Dana C. Lynch, Patricia Barbour, Richard Houghton, Robert Steele, Lou McGrew, and Arthur Nickless.

Jay O'Neill Named Community Banker of the Year

Federal Savings Bank President and Chief Executive Officer, James "Jay" J. O’Neill, Jr. was recently named Community Banker of the Year by the New Hampshire Bankers Association at its annual fall conference. The New Hampshire Bankers Association annually honors one banker whose approach to the business of banking and personal commitments to the communities served by their institution personify the term "community banker." The recipient is selected by a group of state leaders from outside the banking industry.

O’Neill was recognized for his strong leadership and commitment to community banking. According to his nomination, "Jay believes in the strength of community banking and works tirelessly each day to cultivate young employees to help preserve the professionalism and service culture that consumers have come to expect from community banks." An active volunteer, Jay currently serves as a Foundation Director for Wentworth-Douglass Hospital, is an active Dover Rotarian and serves as a board member for Strawberry Bank and the Northern New England School of Banking.

Since becoming President and CEO of Federal Savings Bank two years ago, the Bank has exceeded growth expectations, introduced several new products and services and was recognized with the “Business of the Year” awards from both the Dover and Portsmouth Chambers of Commerce andthe “Torch Award for Marketplace Ethics” from the Better Business Bureau.

"While this is an individual award it was made possible due to the hard work and commitment of the entire staff. Federal Savings Bank is a company of rich heritage employing some of the most experienced community bankers in the region. I am proud to steward such a group of dedicated people who share my commitment to community banking," said O’Neill.