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Updated: August 18, 2025

Machias Savings taps veteran finance leader as CFO

By Alexis Wells

Machias Savings Bank has hired Nick Ireland as executive vice president and chief financial officer.

In this role, Ireland will lead balance sheet risk management, liquidity management, forecasting, accounting, finance, investments and regulatory internal controls. 

Nick Ireland of Machias Savings Bank
Photo / Courtesy of Machias Savings Bank
Nick Ireland

“This is a special organization with a long history of serving Maine’s people and communities," said Ireland. "I look forward to working with such a dedicated team to ensure the bank’s financial strength continues to support our growth, our customers and the communities we proudly serve.”

He brings more than 25 years of experience in public accounting and senior finance leadership to Machias Savings Bank, including CFO roles. He has worked at Seven Islands Land Co., Gardner Co. and Baker Newman Noyes. 

“Bringing Nick on board as our new CFO is an important step in continuing to strengthen our financial leadership,” said Larry Barker, president and CEO of Machias Savings Bank. “His deep experience as both a CPA and CFO, along with his understanding of Maine’s business landscape, will help us say ‘yes' to even more opportunities to move Maine businesses forward.”

Ireland serves on several boards, including the Maine State Chamber of Commerce, Little Saplings Childcare Center, Portland Regional Chamber of Commerce and the Community Cancer Center. 

The Veazie resident received his bachelor's degree in accounting from Plymouth State University in New Hampshire.

Machias Savings ranked No. 6 among Maine-based banks in the 2024 Mainebiz Book of Lists, based on assets as of June 30, 2024. Machias Savings has $2.6 billion in assets, 334 employees and 15 branches from Portland to Caribou.

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