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Published on February 15, 2016

Lake Sunapee Bank Pledges $10,000 to Support Concord Hospital Payson Center for Cancer Care

Lake Sunapee Bank has presented Concord Hospital Trust with a major gift that will help bring the next generation of radiation technology to Concord Hospital Payson Center for Cancer Care in the spring of 2016.

The donation is part of a campaign to raise $1.5 million to purchase a new linear accelerator (or LINAC) that will improve cancer treatment by precisely targeting radiation to destroy cancer cells, while sparing normal cells and tissue.

The total cost of the LINAC is just over $4 million. Concord Hospital is investing approximately half of the cost and seeking the remaining $1.5 million in charitable donations in a special project fundraising campaign through Concord Hospital Trust.

“Concord Hospital represents the excellence of leadership and progress that draws us to the Concord market,” commented Stephen Theroux, president and chief executive officer of Lake Sunapee Bank. “We have a strong history as an advocate for community growth and social responsibility and are proud to add Concord Hospital as an organization we support. As we prepare to open our Concord financial center, we look forward to our increased community involvement in the Capital region of our state.”

With the new LINAC, Payson Center radiation oncologists will be able to strike at cancer cells with enhanced precision, allowing them to treat more types of cancer, with shorter duration of treatment.

“We believe this new technology is essential to serve the growing number of people in our region who seek cancer care at Payson Center, and to address increasing need for our services as we serve an aging population,” said Robert P. Steigmeyer, president and chief executive officer of Concord Hospital. “We are very grateful for the support of Lake Sunapee Bank, truly a community leader in New Hampshire. Their gift will help make Payson Center’s cancer care even more sophisticated for current patients and ensure our quality care will continue into the future for new patients from all over the state of New Hampshire,” he said.

Payson Center for Cancer Care opened in 2003 and has grown into a nationally accredited, comprehensive, community-based cancer center offering patients in central New Hampshire the highest quality diagnosis, treatment and support – all under one roof and close to home.

For more information on the LINAC, what it will mean to patients who rely on Payson Center, and how to contribute, contact: Pamela Puleo, executive director, Concord Hospital Trust at 230-6049 or

About Lake Sunapee Bank, fsb
Lake Sunapee Bank, a federally chartered savings bank, provides a wide range of life-cycle banking and financial services. Lake Sunapee Bank wholly-owns McCrillis & Eldredge Insurance, Inc., a full-line independent insurance agency, and Charter Holding Corp., which wholly-owns Charter Trust Company, a trust services and wealth management company. Lake Sunapee Bank, through its subsidiaries, as well as The Nashua Bank, a division of Lake Sunapee Bank, operates 44 banking, insurance, and trust and wealth management locations throughout Grafton, Hillsborough, Merrimack and Sullivan counties in New Hampshire and Orange, Rutland and Windsor counties in Vermont. The bank is wholly owned by Lake Sunapee Bank Group (NASDAQ: LSBG). The Bank will be opening its newest branch at 8 Loudon Road, Concord, New Hampshire in early 2016.

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