Kennebec Savings Bank names new CEO
Kennebec Savings Bank has named an executive who was instrumental in starting the bank’s wealth management division as its new CEO and president.
The Augusta-based bank announced Monday that Andrew E. Silsby will take the leadership reins after previously serving as executive vice president and chief operating officer. Silsby, who has been president since June, was selected by the bank’s board to succeed Mark Johnston, who will keep his title as Clerk of the Bank until he retires in June 2015.
“Andrew was born and raised in Central Maine and has worked for the bank for 21 years. He has a deep understanding and appreciation of our community’s history and the needs of the people who live here,” Johnston said in a prepared statement.
“Together, we led the bank through unprecedented growth,” he continued. “I am confident his leadership style, sense of organizational stewardship and drive to strengthen opportunities for economic growth will sustain and promote Kennebec Savings Bank’s success.”
Kennebec Savings Bank, a $800 million state-chartered community bank, employs 114 people with offices in Augusta, Waterville, Winthrop and Farmingdale.
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