Ledyard Financial Group Declares Increase to Quarterly Dividend

HANOVER, N.H.--(BUSINESS WIRE)-- Ledyard Financial Group (Ticker Symbol: LFGP) announced a $0.01 increase to its quarterly dividend. The dividend of $0.21 is payable December 3, 2021, to shareholders of record as of November 19, 2021. Ledyard’s continued ability to navigate the organization through the prolonged pandemic and the strength in our core businesses supports our ability to increase the dividend this quarter to ensure shareholders benefit from the Company’s growth in earnings. The path ahead remains unclear, but we are confident we are well positioned for the future.

Ledyard Financial Group, Inc., headquartered in Hanover, New Hampshire, is the holding company for Ledyard National Bank. Ledyard National Bank, founded in 1991, is a full service community bank offering a broad range of banking, investment, and wealth management services.

Ledyard Financial Group, Inc. shares can be bought and sold through the NASD sanctioned “OTC Markets” under the trading symbol LFGP. Shares may be traded through an individual’s broker. For more information, please refer to the “Investor Relations” section of the bank’s website at www.ledyardbank.com or contact the bank’s Chief Financial Officer, Gregory D. Steverson. greg.steverson@ledyardbank.com

Forward-Looking Statements: Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, competitive pressure in the banking industry, balance sheet management, net interest margin variations, the effect of changes in equity prices on assets under management, the ability to control costs and expenses, changes in the interest rate environment, financial policies of the United States government, and general economic conditions. The Company disclaims any obligation to update any such factors.

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Greg Steverson, COO, EVP & CFO

Greg.steverson@ledyardbank.com

(603) 640-2666

Source: Ledyard Financial Group, Inc.