Skowhegan Savings Bank

In his first week as president and CEO, Dan Tilton told Mainebiz that while the bank is open to potential acquisition or branch expansion opportunities, it remains committed to its existing footprint.

Skowhegan Savings Bank, with 12 locations throughout Maine, has expanded its Fairfield branch lending team, with the promotion of a longtime employee and the addition of a new vice president and commercial lender.

Maine Cooperative Development Partners is installing the first phase of a 20-unit affordable condominium project off Douglass Street. Modular units are being built at KBS Builders’ South Paris factory and installed by Brunswick-based Backyard ADUs. 

James Alberico, who was named chief risk officer, joined the bank 26 years ago, when he was in high school.

Andrew Fortin-Trimble, who joined the bank in 2020 as vice president and director of marketing, had another promotion in 2023.

Skowhegan Savings Bank has hired Michael Pietroskias as a vice president and commercial lender. 

Skowhegan Savings Bank has promoted Vicki Alward to executive vice president and chief operating officer.

David Cyr announced he would retire at the end of 2025, and will be replaced by Dan Tilton, who is now a VP of sales and customer relations.

Maine Savings Federal Credit Union has promoted Cole Clement to vice president of marketing strategy. 

Franklin Savings, which operates eight branches in Maine, has promoted Christopher Raymond to commercial underwriting officer.