FOR IMMEDIATE RELEASE
March 26, 2014  
CONTACT
Tracy Dean
207-858-2525

Skowhegan Savings Bank Holds 2014 Annual Meeting;  

Elects New Corporators 

 

 

SKOWHEGAN, Maine - Skowhegan Savings Bank held its 144th Annual Meeting on March 19, 2014 at the Margaret Chase Smith Library in Skowhegan with 82 people in attendance. The Bank holds a yearly meeting to elect members of the Board of Directors, new Corporators, and to report on the financial performance of the institution.

 

John Witherspoon, President and CEO of the Bank, reported that the Bank had a strong year in 2013, highlighted by its expansion into Augusta and Franklin County. The Bank made over $85 million in loans throughout Central and Western Maine and grew total assets to nearly $500 million.

 

Witherspoon also reported that the capital levels of the Bank continued to grow to close to $70 million, which far exceeds the level required by federal regulators. In his report to the Corporators of the Bank, Witherspoon noted that for the fifth consecutive year, Skowhegan Savings was named one of the Best Places to Work in Maine, a reflection of the Bank's extraordinary dedication to its workforce.

 

Fred Haberberger, the Bank's Chief Operating Officer & SVP, gave a presentation on a variety of technologies available to Bank customers, several of which had been implemented at Skowhegan Savings. "We continue to make strategic investments in technology to complement our personalized, straight talk, fair deal approach to banking," Witherspoon said.

 

New Corporators elected at the meeting were: Paul Fortin of Madison, Robert Luce of Carrabasset Valley, Lawrence Koob of Oquossoc, Rhonda Wiles of Farmington, Nancy Bessey of Rangeley, and Kimberley Jordon of Kingfield. In addition, James Austin and Warren Shay were re-elected to serve on the Board of Directors along with Roger Gifford, Howard Sevey, Richard Anzelc Jr., Claire Theriault-Perkins, and John Witherspoon.
 

About Skowhegan Savings:

Skowhegan Savings, founded in 1869, is an independent mutual savings bank dedicated to strengthening the Maine families, businesses and communities it serves. Named as one of Maine's Best Places to Work in each year from 2009-2013, Skowhegan Savings' team of friendly, committed employees takes pride in delivering personalized, competitive banking services offering straight forward banking advice and fair deals for customers. An innovative and progressive approach to banking ensures their customers enjoy a banking experience that is quick, easy and convenient. Skowhegan Savings' fifteen Maine branches include two locations in Skowhegan, as well as locations in Augusta, Belgrade (full service ATM only), Bingham, Dexter, Fairfield, Farmington, Jackman, Kingfield, Madison, Norridgewock, Phillips, Pittsfield, Rangeley and Stratton. For more information, visit SkowheganSavings.com or contact Customer Service at 800.303.9511.   

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