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Larry Barker

Machias Savings taps veteran finance leader as CFO

Machias Savings Bank has hired Nick Ireland as executive vice president and chief financial officer.

Machias Savings expands southern Maine leadership team

Machias Savings Bank has hired Alex Lopes as senior vice president and the southern Maine regional market manager. 

Machias Savings plans first foray into Granite State

Plans for the Manchester, N.H., branch have been notified to the Maine Bureau of Financial institutions.

Machias town manager remembered for being a ‘connector of people’

Bill Kitchen, who died Sept. 9, was remembered as a 'convenor' who was 'action-oriented.' A bank president said of Kitchen: 'His career was business but his passion was people, everyone included.'
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Machias Savings Bank names manager for its Presque Isle branch

Kyle Taylor has been named assistant vice president and branch manager at the Presque Isle location.

Machias innkeepers add ATV rentals to serve a growing market

There’s a lot of conversation about enticing youth to remain in Maine as they enter the workforce. A young Washington County couple are creating their own reasons to stay.

With chief lending officer retiring, Machias Savings looks outside bank for replacement

Prior to joining Machias Savings, Jay Hood was senior vice president and regional commercial banking manager at NBT Bank.

Machias Savings matches previous gift to MDI Hospital

The latest donation comes on top of a $10,000 donation in 2022 to support workforce efforts at the Mount Desert Island health care provider.
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🔒Checks and balances: Maine banks, believers in safety first, may face bumpy ride if turmoil escalates

In the wake of the Silicon Valley Bank collapse, the consensus is that Maine banks are well-capitalized and diversified, with sufficient buffers to prevent the panicked run that unraveled SVB. But the outlook gets murky if the current turmoil escalates into a wider crisis and sparks a recession.

🔒2023 Forecast: Machias Savings braces for ‘softening’ loan demand

Machias Savings Bank CEO Larry Barker predicts loan demand to soften this year following the rapid rise in interest rates.
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