Board of Directors
The Nashua Bank is governed by a directorate of local individuals all of whom have been active in the Greater Nashua community both personally and professionally.
We are pleased to introduce you to our Board of Directors and invite you to get to know them and their commitment to The Nashua Bank.
Kenneth J. Anderson is the principle owner of a private real estate lending company with a funded loan book over $7 million. His company also invests in, and trades, distressed bank loans. Prior to this entrepreneurial venture, Ken spent over twenty years in the financial services industry. After graduating from Northeastern University in 1988 with BS in Accounting/Finance, Ken spent two years in Citibank’s credit training program as a Management Associate before accepting a position as a Loan Officer responsible for Citibank’s largest international insurance relationship. He quickly moved to Morgan Stanley & Co. as a bond trader. After two years of trading short/intermediate corporate bonds in New York Ken was transferred to Morgan Stanley & Co. International to trade floating rate notes in their London office where he priced and traded the IFR Floating Rate Note Deal of the Year in 1993 & 1994. In 1996 Ken moved back to Boston to join Fidelity Investments as a Senior Corporate Bond Trader. In 2003, after a three year stint as a Taxable Bond Analyst, he was named as a Vice President and Portfolio Manager. Ken was named as i-Money Net Portfolio Manager of the Year for 2006 & 2007 for mutual funds greater than $1 billion. Ken also serves as an Outside Director for the non-profit Beaver Brook Association, a 2000+ acre educational facility designed to encourage conservation of natural resources and land stewardship.
David L. Brassard is a Hollis resident and has always lived in the Greater Nashua region. He received his B.A. in Business Administration (Mgt) in 1981 from the University of Notre Dame. He helped run the family business, Heat Inc. in Hudson, until 1999 when it was sold to a public firm. Mr. Brassard then continued to run the business for 5 years as its President. He now owns and operates RE Marble & Granite, a stone countertop fabrication and sales business. Mr. Brassard is also involved in several trade and professional organizations. He has served as Director of the Boys and Girls Club of Greater Nashua (BGCGN) for over 20 years, including a term as its Chairman, and also as Chairman of the 1997 Capital Campaign. He currently serves as a Trustee of the BGCGN Foundation and as Director of the Nashua Region of the New Hampshire Charitable Foundation. He is a past member of Nashua Rotary. His wife, Sarah, is a certified Kundalini Yoga instructor and licensed massage therapist. They have 2 children, Eric and Alexa.
Stephen J. Frasca has been a resident of Nashua, New Hampshire since 1973. He graduated in 1970 from Northeastern University with a B.A. in Business Administration. In 1973 he received his Juris Doctorate from Suffolk University Law School. Upon graduation he was admitted to practice law in the State of New Hampshire and the Commonwealth of Massachusetts. He has practiced law in New Hampshire since 1973 and is a partner in the firm of Frasca & Frasca, P.A. since 1978 where he practices with his son Nicholas Frasca. He specializes in real estate conveyances and finance, business organizations, and family law. Mr. Frasca has served as a Director of the Boys Club of Nashua, and is a former member of Nashua Rotary West. He is a member of the Nashua Country Club where he served on the Board of Governors and as the Club’s Secretary. He is also a member of the New Hampshire, Massachusetts, Nashua, and American Bar Associations. Mr. Frasca has been married to his wife Jane since 1970. They have three grown children and eight grandchildren.
Jean C. Gottesman, a life-long resident of Nashua, is a graduate of Walnut Hill School and the University of New Hampshire. Mrs. Gottesman taught in the Nashua Public School system from 1972-1976. While raising three sons she earned her MBA from Rivier College in 1987 and remained involved in the Nashua community as a twelve-year board member of Community Council, serving as President of the board from 1987until 1988. She also served as a member of the Development Committee for the Nashua Public School system, a board member of the Adult Learning Center and an active fund raiser for local non-profit organizations. In addition, she has worked for Saint Joseph Hospital as a physician recruiter. Since 1996, Mrs. Gottesman has been involved as a member of the Museum of Fine Arts Associates, as a docent, fundraiser, architectural tour guide of Boston, First Vice-chair of the MFA Associates and overseer to the Museum of Fine Arts, Boston from 2003 until 2005. Most recently, she had become a member of the Currier Museum Advisory Board and a member of the board of the New Hampshire Charitable Foundation. She lives in Nashua with her husband of 38 years, Attorney David Gottesman.
Eric G. Hoerner, is a partner and Chief Executive Officer of Greenleaf Financial, LLC. The primary focus of Greenleaf is the management of investments in the banking and insurance industries. Mr. Hoerner has had substantial experience with community banks over a wide geographic area and brings a larger perspective to a Board that otherwise is derived from the local Nashua area. Accordingly, Mr. Hoerner was appointed to the Board in March 2011 to fill a vacancy created earlier by a director resignation. Mr. Hoerner has approximately 25 years experience in the financial services industry, prior accounting background at a "Big 4" firm, investment banking experience at Ryan, Beck & Company, Newbold's, Tucker Anthony Sutro and Griffn Financial Group, LLC. He graduated from Bucknell University with a B.S. in Business Administration, and resides in Lititz, Pennsylvania.
Frank Andrew James has lived in the Nashua area for over 40 years. Mr. James is a graduate of Nashua High School and the University of New Hampshire. He is a second generation owner of Shrink Packaging Systems Corporation, an industry leader in flexible packaging. He serves on the board of directors of the Boys and Girls Club of Greater Nashua. Mr. James is an active member of the Parish of the Resurrection Catholic Church and Knights of Columbus. He and his wife, Mary Kay, live in Hollis with their two daughters.
John A. Koutsos is a lifelong Nashua resident and a 1978 graduate of Nashua High School. In 1981 Mr. Koutsos graduated from the University of New Hampshire’s Whittemore School of Business and Economics. He is the third generation owner and operator of Alec’s Shoe Store, Inc., in downtown Nashua. Alec’s Shoes is recognized as a leader in its industry, having received Retailer of the Year Awards from both the New Hampshire Retail Merchant’s Association and the Boston Shoe Travelers Association. He has served as a Director of Great American Downtown, and is a former member of the Salvation Army Advisory Board. Mr. Koutsos and his wife, Diane, are the parents of two young children.
Bradley R. Kreick is a resident of Hollis, New Hampshire. Mr. Kreick is an Executive Vice President at Apria Healthcare Inc., and the founder and Chief Executive Officer of BRK Ventures, LLC, an investment and management services firm that partners with private equity and other investment firms in assessing and investing in health care organizations. Prior to founding BRK Ventures in 2004, Mr. Kreick was an executive in the managed health care financing industry, most recently as a member of the executive management team that led the turnaround of Oxford Health Plans, Inc. During his tenure at Oxford, he served as a key advisor to the Company’s CEO regarding turnaround activities and was responsible for all merger, acquisition, and business development activities. Mr. Kreick is a 1986 graduate of Nashua High School, a 1991 graduate of Brown University and serves as a director of iHealth Technologies, Big Brothers Big Sisters of Greater Nashua and The Conway Arena. He is also active in numerous other community organizations.
Jack R. Law is a Nashua native, a graduate of Nashua High School, Tilton School, and The American University in Washington, DC. He resides in Hollis, New Hampshire. Mr. Law is the fourth generation owner and operator of Law Motor Freight and Law Warehouses, Inc. and Law Motor Freight of Nashua, and in 1970 founded BSP Trans., Inc. in Londonderry, New Hampshire. Mr. Law has served as a national leader for several transportation associations. Locally, Mr. Law has served as Director of many entities including The Hunt Community, Nashua Rotary Club, Nashua Division of the New Hampshire Charitable Foundation, Bronzecraft Corporation and the former Nashua Trust Company. Additionally, Mr. Law was the Chairman of the fundraising effort to build a Hospice House in Merrimack, New Hampshire. Mr. Law is married to his wife, Lori. They have three grown children and six grandchildren.
William K. Phillips recently retired as District Director of the U.S. Small Business Administration for the State of New Hampshire after 26 years of Federal service. A graduate of the University of Hartford and a U.S. Army veteran, he began a banking career in 1961 with the Connecticut Bank & Trust Company in Hartford. In 1972, he accepted a position with the National Association of Credit Management in New York City as Director of their National Collection Service. Phillips came to New Hampshire in 1975 as Senior Vice President and Board member of the Bank of New Hampshire and was in charge of the Nashua region. In 1978, he joined the management of First New Hampshire Banks as Director of Business Development and subsequently became President and Director of The Londonderry Bank & Trust Company, a newly acquired subsidiary. In 1981 he and a partner formed Benchmark Industries, a manufacturer of hi-tech electrode welders. Long active in community and state affairs, he is past President and current Executive Board Member of the Daniel Webster Council, Boy Scouts of America, Past President and Board member of the Boys and Girls Club of Nashua. Other past Board memberships include Memorial Hospital, Greater Nashua Chamber of Commerce, Community Council of Nashua, Matthew Thornton Health Plan, and many State advisory panels. Upon his retirement from Federal service, Phillips received many awards including citations from Governor John Lynch and Senators Gregg and Sununu. He is married and has four children, a step- daughter and seven grandchildren. He has been a Nashua resident since moving to Nashua in 1975.
Lorin S. Rydstrom is a resident of Hollis, New Hampshire. He graduated in 1972 from the State University of New York College of Forestry, majoring in Wood Technology and Marketing. Upon graduation, he entered the wholesale lumber and distribution business, and has been with Seaboard International Forest Products, LLC, or affiliated companies since 1973. Mr. Rydstrom was the President of Seaboard International Forest Products since he founded this division in 1983 for the parent company until January of 2010. In 2003, he was part of a group of senior executives that organized an amicable ESOP purchase of the company from its publicly owned parent. Mr. Rydstrom is on the Board of the new ESOP entity, which is Forest City Trading Group, LLC, and is currently acting as a Senior Advisor to the organization. He has served on the Hollis Budget Committee, Co-op School District Budget Committee and as a selectman in Hollis, as well as various United Way sub-committees and the Beaver Brook Association Board. He has been married to his wife Nanci for 39 years and they have two grown children.
Robert J. Rzasa, a New Hampshire native and resident of Manchester, New Hampshire, is a graduate of Trinity High School and the University of New Hampshire. A banking veteran of thirty years, he is now Chief Financial Officer of C & M Machine Products, Inc., a manufacturer of precision parts in Hudson, New Hampshire. While in the banking business, Mr. Rzasa served as Senior Vice President and Manager of the Commercial Lending Team for Citizens Bank, 1997 through 1999; Chief Operating Officer, Senior Lending Officer and Director of BayBank, FSB (formerly NFS Savings, Bank), 1988 through 1996; and, as Regional President of BankEast Nashua, from 1984 through 1988. Mr. Rzasa has been active in various service and community organizations in Nashua; among these he is a past president of The Nashua Chamber of Commerce, past president and treasurer of Nashua Rotary Club, past treasurer and vice president of the Boys and Girls Club of Nashua, and past director of the Adult Learning Center, Easter Seals, and the NH Bankers Association. Mr. Rzasa has been married to his wife Janet for over 40 years. They have three grown children.
John P. Stabile, II is a resident of Nashua, New Hampshire. Mr. Stabile is the founder and Chairman of the Board of the Stabile Companies, a real estate related holding company involved in commercial construction, residential construction, real estate management and holdings. He was the owner of the Nashua Pride minor league baseball team. He is a former director of First Federal Savings and Loan of Nashua and New Hampshire Savings Bank of Concord. He is a past trustee of Bridgeton Academy, Norwich University and Hesser College and presently a trustee of Rivier College. He is a former three-term senator in the New Hampshire Senate, as well as serving two terms as the Senate Majority Leader under then Governor John Sununu. He was a three-term chairman of the New Hampshire Republican Party. He is an incorporator of Southern New Hampshire Regional Medical Center as well as Optima Health and the New Hampshire Charitable Foundation. Mr. Stabile is a member of the board of REALTORS and serves on the National Board of Directors for the National Association of Home Builders.
G. Frank Teas is President, Chief Executive Officer and a founder of The Nashua Bank. He is a native of Nashua, New Hampshire, and has been employed in the banking industry since 1985. Prior to forming the Bank, Mr. Teas established The BTBE Corporation which was the organizing entity for The Nashua Bank. Previous to such efforts, Mr. Teas served as a member of the senior management team (Vice President and Regional Manager) for Community Bank & Trust’s full service office in Nashua where he was responsible for the daily management of a staff of 13 and origination and management of a $60 million loan portfolio. Prior to joining Community Bank, Mr. Teas was employed by Southern New Hampshire Bank where he helped establish market share in the Bedford and Nashua marketplace. Mr. Teas began work fulltime in the banking industry in 1991 and was a member of the credit training program of First NH Bank (formerly Nashua Trust). A graduate of Bishop Guertin High School, Mr. Teas holds a Bachelor of Science degree in Finance from Bryant University in Smithfield, Rhode Island. Mr. Teas is active in community affairs, including serving as president of the Nashua Rotary Club as well as trustee of The Huntington of Nashua. Previously, he has been affiliated with the Bishop Guertin High School Board of Trustees, a past president of Big Brothers Big Sisters of Greater Nashua, Boys and Girls Club, and a participant in the Leadership Greater Nashua program. Mr. Teas was recognized as the 2007 Business Person of the Year by the Greater Nashua Chamber of Commerce in March 2008. He was recently recognized by both Business New Hampshire Magazine and the Union Leader as one of New Hampshire’s top future business leaders.
