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Updated: October 18, 2024

Saco & Biddeford Savings names next chief operating officer

Saco & Biddeford Savings has hired Sarah Rodgers as its new chief operating officer.

In the role, Rodgers will oversee the bank’s operations to provide customer and community service. She will also play a pivotal role in executing the bank’s strategic initiatives aimed at enhancing efficiency and expanding service offerings.

Photo / Courtesy Saco & Biddeford Savings
Sarah Rodgers

“I’m really eager to bring a fresh voice to SBSI,” said Rodgers. “I truly believe in the power of teamwork and working cross-functionally to optimize operating rhythms.

"Being part of a deep-rooted community bank, where you can feel the authentic heart for community through and through is naturally motivating. I’m happy to be here and look forward to supporting the culture thoughtfully planning how we want to grow as an organization.”

Rodgers has over 30 years of experience in the financial industry, from the East to the West Coast. 

Prior to joining SBSI, she held key leadership roles at Unum, TD Bank, Mitsubishi UFJ Financial Group, West Monroe and Affirm. 

The Westbrook native received her bachelor’s degree in business administration from the University of Southern Maine and her master’s in business administration and management general studies from American InterContinental University. 

“We are thrilled to welcome Sarah to our team,” said Mark Jones, President and CEO. “Sarah leads from the heart, and her extensive experience and leadership skills will be invaluable as we continue to grow and adapt to the evolving needs of our customers.”

Saco & Biddeford Savings was No. 12 among the Maine-based banks with the largest market share in the 2024 Mainebiz Book of Lists, based on $5.3 billion in assets as of June 30, 2023. 

Founded in 1827, the bank employs 200 people and has branches in Saco, Biddeford, Old Orchard Beach, Portland, Scarborough, South Portland and Westbrook.

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