Board changes, retirements announced at Franklin Savings Bank


Peter Judkins, left, and Richard Walker

FARMINGTON — Richard Walker has announced his retirement as Chairman of the Board of Franklin Savings Bank.

Elected President in 2017, he has been a member of the Board of Directors since 1991.

Former bank chairman Peter Judkins of Farmington was elected by the board of directors to assume the chairmanship in January 2022.

Walker recently sold his accounting, auditing, tax and consulting practice and home in Rangeley and moved to coastal Maine with his wife, Anne.

In 2017, Judkins retired as president and CEO of the bank after 12 years and continued to serve on its board. He has extensive experience in the financial industry, including serving on the board of directors of the Federal Reserve Bank of Boston, where he was chairman of the audit committee. Judkins also serves on the board of the Franklin Community Health Network.

Former bank chairman and chief executive Gary Downs, who retired in 2005, also retired from the bank’s board. He served an additional 16 years as President of Mutual Holding Company and will always be integral to the historic success of Franklin Savings Bank.

Downs and his wife, Jean, reside half the year in Bonita Springs, Florida, and the other half on the lake in Industry.

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