COURTESY / SKOWHEGAN SAVINGS
John Butera, former labor commissioner in the LePage administration, has been named a vice president of commercial lending at Skowhegan Savings.
January 29, 2020
Financial services notebook: A roundup of executive hires, promotions
Maine's financial services firms have made a slew of new hires and promotions this week.
John Butera, former commissioner of labor under Gov. Paul LePage, has joined Skowhegan Savings Bank as an vice president of commercial lending.
Butera has three decades’ experience in economic and business development. In addition to serving as commissioner of the state Department of Labor, he served as a senior economic advisor for the LePage administration. Prior to this assignment, he was executive director of the Central Maine Growth Council.
“[Butera] has played a key role in facilitating business development and expansion throughout the state by leveraging years of experience with government incentive programs, advocating for businesses in Augusta and introducing business owners to new markets,” said Steve Thomas, senior vice president and senior commercial lender at Skowhegan Savings Bank.
Butera, who lives in Waterville, will be based in the bank’s Fairfield office.
Skowhegan Savings also named Steve Gray, a licensed insurance agent and former co-owner of Franklin Chrysler in Farmington, as a vice president of commercial lending.
He and his wife own and operate a blueberry farm in Farmington called Grayberry Farm. He will be based at the main office in Skowhegan.
Skowhegan Savings, with 11 branches and assets of $591.9 million, ranks No. 15 among Maine’s largest banks, according to the recent Mainebiz Book of Lists.
Infinity FCU brings on seasoned credit union CFO
Bob Leger, who has 12 years of credit union experience but most recently served as controller for Aroma Joe’s Coffee, has been hired as chief financial officer at Infinity Federal Credit Union.
Earlier in his career, Leger served as CFO for both York County Credit Union and Town & Country FCU. At Infinity, he will oversee finance and accounting, marketing, information technology and facilities, and collections.
“After doing our homework in looking for the right successor for this key position, I’m happy to say that I’m highly confident that Bob Leger is the best person to serve as Infinity FCU’s CFO,” said President and CEO Elizabeth Hayes. “He brings a great mixture of attributes that are critical to being a successful leader of Infinity FCU: industry experience, heart and the ability to think out of the box and develop creative solutions that will make him a great addition to our team.”
Westbrook-based Infinity Federal Credit Union, founded in 1921 as the Telephone Workers Credit Union of Maine, is Maine’s fifth-largest credit union, with assets of $345 million and five branches.
HM Payson promotes three execs
HM Payson, an integrated financial advisory firm in Portland, announced three promotions.
Molly Reinfried, a portfolio manager and chair of the financial planning group, has been named a shareholder of the firm. Tim Griffin, a portfolio manager, has been named a shareholder of the firm. Michelle Santiago, who is chief trust administration officer, has been named a managing director.
All promotions were effective Jan. 1.
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