Kennebec Savings Bank

$23M earmarked for affordable housing rentals in Maine

The round of funding from the Federal Home Loan Bank of Boston will go toward the creation or preservation of more than 450 units of affordable rental housing in Maine.

Kennebec Savings names regional VP and treasurer

A former bank intern, Nicolas Patenaude, will now oversee financial activities, cash flow and related strategies.

With Camden National deal and others in the works, bank mergers seen to be picking up

One banking analyst tells Mainebiz he expects 'the momentum for mergers and acquisitions to accelerate over the next 18 to 24 months.'

Avesta Housing presents Mission Champion Award to Kennebunk Savings

The bank donated 12 acres and over $500,000 to Avesta in 2023, to facilitate development of a 70-unit affordable housing community for ages 55 and older.
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Kennebunk Savings adds familiar face as chief risk officer

Kennebunk Savings hired William Saufley as executive vice president as well as chief risk officer — an encore presentation of sorts for Saufley, who held the latter role from 2008-12.

Kennebec Savings expands its central region leadership with new hire

Kennebec Savings Bank has appointed Michael Pietroski as vice president and retail regional manager for central Maine. 

🔒Life in the fast lane: Mainers recall what car they were driving in 1994

The Ford Taurus was the most popular U.S. passenger car in 1994, the year that Mainebiz got its start as a publication named Biz.

🔒Branching out: In an age of banking apps, institutions grapple with physical footprints

Banks across Maine are looking to right-size their footprints and tap new market opportunities, with changes that include expanding some facilities and consolidating others.
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Kennebunk Savings subsidiary names director of insurance operations

Kennebunk Savings Insurance has appointed Mark Ross as its director of insurance operations. 

Kennebec Savings Bank names chief retail banking officer

Kennebec Savings Bank has appointed Aline Taylor as chief retail banking officer and a new member of the bank’s leadership team. 
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