Farmingdale

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

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

Added branches in the past two years have propelled growth in loans, deposits and the need for an eBranch call center, which handles over 300 daily calls.

Charles "Chuck" Hays Jr. succeeded William Sprague Jr. as chair of the board of directors, while Mary Denison, a founding member of Lake & Denison LLC, becomes vice chair.

The team will set aside a portion of commissions earned from each completed transaction, to donate $50,000 each to two nonprofits.

Amanda Cooley will now oversee marketing, communications and the bank's local philanthropy program.

A series of cold calls identified the opportunities. Many people who built self-storage facilities years ago didn’t realize what they would be worth today.

More than two-thirds of the homes in this area have mortgages that are at least 25% greater than the homes' market values, according to new data.

The enlarged Kennebec Savings Bank has 171 employees and total assets of $1.317 billion after joining forces with its smaller regional peer in a merger that closed Friday afternoon.

The economic effects of the coronavirus crisis have been felt across all sectors of the energy industry. Besides sharp declines in demand, there's general uncertainty about what the future holds — and even some glimmers of new opportunity.