The Company was incorporated on March 7, 1997, to serve as the holding company of The Berlin City Bank, a New Hampshire chartered bank headquartered in Berlin, New Hampshire (“BCB”).  On September 30, 1997, the Company completed the BCB reorganization transaction whereby BCB became a wholly owned subsidiary of the Company.  In addition, on September 30, 1997, the Company completed a merger whereby the Pemigewasset National Bank, a national bank headquartered in Plymouth, New Hampshire (“PNB”) became a wholly owned subsidiary of the Company. On October 1, 2005, the two banks were consolidated under the name Northway Bank, creating one of the largest independent commercial community banks in New Hampshire.

On September 11, 2007, the Company completed a 400-for-1 reverse stock split immediately followed by an 800-for-1 forward stock split. The primary purpose of the transaction was to reduce the number of holders of record of Northway's common stock below 300, thereby permitting Northway to terminate registration with the Securities and Exchange Commission ("SEC") and suspend Northway's reporting obligations with the SEC.

The common stock of the Company is listed on The Over The Counter Bulletin Board ("OTCBB") under the ticker symbol "NWYF." As of September 11, 2007, the Company's securities consisted of one class of common stock, $1 par value, of which there were 2,506,700 shares outstanding.

As a bank holding company registered under the Bank Holding Company Act of 1956, the Company is subject to substantial regulation and supervision by the Federal Reserve Board and is required to file periodic reports and such additional information as the Federal Reserve Board may require. 

Northway Bank

Northway Bank is a direct, wholly owned subsidiary of the Company organized in 2005 under the laws of the state of New Hampshire.  Northway Bank is subject to the regulation by the New Hampshire Bank Commissioner and the Federal Deposit Insurance Corporation.  

Northway Bank offers its products and services primarily in the New Hampshire communities of Ashland, Belmont, Berlin, Campton, Conway, Franklin, Gorham, Groveton, Laconia, Littleton, North Woodstock, Pittsfield, Plymouth, Tilton, West Ossipee and West Plymouth.  Northway Bank has twenty branches in Northern and Central New Hampshire.

Northway Bank is engaged in a general community banking business and offers commercial and construction loans, real estate mortgages, consumer loans, including personal secured and unsecured loans, and lines of credit. The Bank accepts savings, time, demand, NOW and money market deposit accounts and offers a variety of banking services including safe deposit boxes, credit card accounts, official checks and money orders, overdraft lines of credit, wire transfer services and Internet Banking.

Deposits are insured by the Federal Deposit Insurance Corporation up to the maximum amount permitted by law.