NH Business Newsreel
MANCHESTER — Cityside Management Corp., with offices at 186 Granite St., has won a contract to provide management services for multi-unit properties throughout the Northeast that have been repossessed by government lenders but are still occupied.
A company spokesman said the terms of the deal preclude identifying the specific government agency. The properties in question went into foreclosure and could not be sold at an amount equal to the outstanding debt.
Cityside CEO Chris Dolloff said the company continues to expand its experience managing a variety of assets for federal, state and private equity investors.
Centrix reports 12% earnings rise
BEDFORD — Centrix Bank recorded 12 percent year-over-year earnings growth for the year ended Dec. 31, with net income available to common shareholders of $7.4 million or $2.29 per diluted common share, compared with $6.6 million or $2.08 per diluted common share, for the year ended Dec. 31, 2012, the bank reported last week.
Excluding these net gains in 2012, net income available to common shareholders for the year ended Dec. 31, 2013 increased 28 percent over the 2012 comparable period, which would have totaled $5.8 million, the bank said.
Londonderry schools placed on lockdown after soldier's unplanned visit to high school causes alarm