Photo / Courtesy, Franklin Savings Bank
Derek Hayes
September 5, 2024
Franklin Savings Bank makes promotion to executive VP, chief lending officer
Franklin Savings Bank, which operates eight branches in Maine, has promoted Derek Hayes to executive vice president and chief lending officer.
Hayes joined the bank in 2015 as director of commercial lending. In his new role, he will assume leadership responsibilities across all residential, consumer, and commercial lending departments and oversee all loan-related functions.
"I am honored to take on this new role and continue working with our talented team at Franklin Savings Bank," said Hayes. "Our commitment to providing exceptional service to our customers remains our top priority, and I look forward to leading our lending teams as we continue to grow and innovate."
Among his achievements, Hayes helped launch the Next Level Leadership program, which has helped cultivate the next generation of the bank's leaders.
Prior to joining Franklin Savings Bank, Hayes held leadership roles at Camden National Bank and Bar Harbor Bank and Trust.
The Canada native, who now lives in Farmington, received his bachelor’s degree in political science from Acadia University and his MBA in quality leadership from Saint Joseph’s College.
"His proven leadership, combined with his in-depth knowledge of lending, will undoubtedly drive our continued success in delivering exceptional service to our customers,” said Tim Thompson, president and CEO of Franklin Savings Bank.
Franklin Savings Bank, based in Farmington, is a community bank that serves Maine’s western, central and Downeast regions from offices in Ellsworth, Farmington, Jay, Mt. Blue High School, Rangeley, Rumford, Skowhegan and Wilton. The bank was founded in 1868 and today employs more than 130 people.
Franklin Savings was ranked No. 18 among the largest Maine-based banks in the 2024 Mainebiz Book of Lists, based on assets of $608.9 million as of June 30, 2023.
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