Photo / Courtesy Skowhegan Savings Bank
Vicki Alward
January 7, 2025
Skowhegan Savings continues to reshape C-suite with promotion of chief operating officer
Skowhegan Savings Bank has promoted Vicki Alward to executive vice president and chief operating officer.
Alward will oversee day-to-day operations, including operational risk, compliance, process efficiency and technology.
She brings over 17 years of experience to her new role. She began her career at the bank in 2006, serving as vice president, risk management officer.
Alward was then promoted to senior vice president, chief risk officer in 2015 and advanced to executive vice president, chief risk officer in 2023.
Before joining the bank, Alward was a certified public accountant at Berry Dunn, Maine's largest accounting firm.
“I’m honored to continue serving the bank and community,” said Alward. “I look forward to working with our team to further build on the bank’s commitment to exceptional service and innovation.”
The Thomas College graduate serves on the boards of the Somerset Economic Development Corp., Redington-Fairview General Hospital and the Skowhegan Savings Charitable Foundation.
This promotion coincides with the leadership transition at Skowhegan Savings. David Cyr, president and CEO, will retire at the end of 2025. Dan Tilton, who had been executive vice president of sales and customer relations, has assumed the role of president and will add the CEO title on Jan. 1, 2026.
“Vicki’s promotion reflects her leadership and commitment to excellence,” said Cyr. “Her experience and strategic vision will be crucial to advancing our operations.”
Skowhegan Savings is ranked No. 17 among the largest Maine-based banks in the 2025 Mainebiz Book of Lists, based on $880.8 million in assets as of June 30, 2024.
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