Mascoma Bank
Ryan Bishop
Updated: June 12, 2023
Mascoma Bank names SVP to take over community development
Mascoma Bank has hired a senior vice president managing director that will take over for Dick Jennings as he transitions into retirement after 26 years with the organization.
Ryan Bishop, who was named to succeed Jennings, who helped create a full-service community development lending group for Mascoma Bank. Since the bank's establishment in 2013, the team has deployed $245 million in new markets tax credit allocations into 21 projects and two small business loan pools. It has also reinvested in grants to support community development.
“We are very happy to have Ryan joining Mascoma Bank and leading [Mascoma Community Development]," said Ken Howe, chief commercial banking officer at Mascoma Bank.
Mascoma Community Development is a wholly owned subsidiary of Macoma Bank and a registered community development entity.
“Ryan’s background is well-suited to help continue the important mission that Dick Jennings started with MCD," said Howe. "Dick and the MCD team have demonstrated great success in utilizing their tax credit expertise to fund impactful projects designed to help revitalize local communities.”
Macoma, which is based in Lebanon, N.H., has a Portland office.
Bishop, who lives in southern Maine, will lead the community lending team in originating and managing projects funded through various forms of tax credit financing.
He has experience in commercial banking and real estate, including responsibilities in credit administration, commercial property sales and leasing, risk, lending and asset quality and portfolio management.
“I am very pleased to welcome Ryan to MCD and Mascoma Bank,” said Clay Adams, Mascoma Bank's president and CEO. His background and passion for community development will help MCD continue to fund projects that create high-quality jobs, support local businesses, and make a positive environmental impact in rural and minor-urban areas.”
Bishop serves on the board of the Housing Partnership in Portsmouth, N.H., and is an American Banking Association Stonier Graduate School of Banking capstone advisor.
He previously volunteered as treasurer with the Portsmouth Rotary Club and Maine Commercial Association of Realtors and was on the commercial credit committee for the Massachusetts Bankers Association and the board of directors for Leadership Seacoast.
Bishop received his master’s from the University of Southern Maine and an undergraduate degree in finance from the University of Maine. He is also a graduate of the Stonier Graduate School of Banking, which includes a leadership certificate from the Wharton School at the University of Pennsylvania.
“As a mutual bank and a Certified B Corp, the alignment in values was a driver in what drew me to Mascoma Bank,” said Bishop. “Beyond traditional banking, working for Mascoma Community Development is a true purpose-driven role. I am excited to join the incredible MCD team and contribute to the mission of community development throughout our service area.”
Mascoma Bank is a $2.7 billion mutual community bank and Certified B corporation with 28 branches and two loan offices throughout northern New England.
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