Saco & Biddeford Savings Institution
Mark Jones
Updated: January 24, 2023
New president of Maine's oldest bank is longtime lending leader
Maine’s oldest bank has named its next leader with the planned retirement transition of Bob Quentin.
Mark Jones stepped into the role of president at Saco & Biddeford Savings Institution on Jan. 1. Jones joined SBSI in 1985, in the lending department, and will continue to serve as the director of lending.
“I still carry my first business card around as a reminder that though my position has changed within the bank over the years, the title means nothing other than the capacity it provides to serve my co-workers, customers and the community,” Jones said.
Quentin, who had been president and CEO, will remain the chief executive through the end of 2023.
As president, Jones will continue to build on the founding principles of SBSI with a commitment to meet the financial needs of Southern Maine. He shows this commitment to the community through volunteer work as a board member and treasurer of Shutterbugs4Charity and as a board member and vice chair of Hospice of Southern Maine. Jones is also a trustee and treasurer of Saco United Baptist Church.
Jones earned a bachelor's degree in economics from the University of Southern Maine.
Founded in 1827, the bank has branches in Saco, Biddeford, Old Orchard Beach, Portland, Scarborough, South Portland and Westbrook. It has 196 employees.
Saco & Biddeford Savings was ranked No. 13 among the largest market share in the 2023 Mainebiz Book of Lists, ranked on assets as of June 30, 2022.
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