Central Maine Business Notes 0102: Franklin Savings Bank Chairman Retires


Former Franklin Savings Bank chairman Peter Judkins, left, and Richard Walker. Walker announced his retirement as chairman of the board of directors of Franklin Savings Bank. Judkins was elected by the directors to assume the chairmanship of the board in January. Submitted photo

FARMINGTON – Richard Walker has announced his retirement as Chairman of the Board of Franklin Savings Bank. Walker, who was elected president in 2017, has served on the board since 1991.

“It has been a real pleasure to serve on the board of directors of Franklin Savings Bank,” Walker said, according to a press release from the bank. “Being elected chairman of the board has been an honor. “

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

“Franklin Savings Bank is a pillar in the communities we serve. We are very happy to help our neighbors succeed and realize their financial visions, ”said Walker. “It’s bittersweet to step down from this influential board of directors, but I have no doubts that Peter will ensure a smooth transition. “

“Rick has been a strong leader as President and after serving on the Board of Directors for 30 years he knows the ins and outs of Franklin Savings Bank. And he will be missed on the board, ”said President and CEO Tim Thompson.

In 2017, Judkins retired as president and CEO of the bank and continued to serve on the bank’s board of directors. Judkins was President and CEO for 12 years.

“Franklin Savings Bank is near and dear to my heart, as well as the Maine communities that the bank serves,” Judkins said. “Franklin Savings Bank’s mission is something I take very seriously, and I look forward to ensuring that it continues to be a strong and independent community bank for generations to come. “

Judkins has extensive experience in the financial industry, most notably as a member of the board of directors of the Federal Reserve Bank of Boston, where he was chairman of the audit committee. Judkins also sits on the board of directors of the Franklin Community Health Network.

The bank’s former president and CEO, Gary Downs, is also stepping down from the bank’s board. Gary retired from the bank as President and CEO in 2005.

“I am proud of the work we have accomplished and the success the bank has had and continues to have. The bank would not be what it is today without the committed employees who have always shown themselves alive on a daily basis, living the values ​​of the FSB and breathing the culture of the FSB, ”said Downs. “FSB’s workforce and workplace are unique and very special. “

Kennebec Savings Bank recently awarded a Catalyst Grant to Viles Arboretum in Augusta. From left to right, Jean Conway, member of the KSB Catalyst Grants Committee; Andrew Silsby, President and CEO of KSB; Zach Nichols, member of the KSB Catalyst Grants Committee; Gary LaPierre, member of the KSB Catalyst Grants Committee; and Ryan Martin, Executive Director, Viles Arboretum. Contribution photo

Kennebec Savings Bank awards $ 30,000 in Catalyst grants to two local nonprofits

AUGUSTA – Kennebec Savings Bank recently named the Children’s Center and Viles Arboreum as recipients of its 2021 Catalyst Grants. The two $ 30,000 giveaways are designed to support creative concepts that might otherwise not be possible for nonprofits. .

“We are delighted to provide this funding to two non-profit organizations that have a direct impact on the lives of so many people in our community,” said Andrew Silsby, President and CEO of Kennebec Savings Bank, according to a bank press release.

The Children’s Center, based in Augusta, offers early intervention programs for young children from birth to 5 years old with special needs, including inclusive preschool education, pediatric therapies and specialized programs for children with disorders. autism spectrum, mental health diagnoses and global delays. The agency also offers family support programs such as targeted case management, community behavioral health professionals, and parent and provider education programs to help caregivers meet their children’s needs. .

The Children’s Center will use the funding to set up an electronic health record to improve the quality of services for children with special needs and their families. The new system will track data accurately and efficiently to drive treatment and modify interventions based on the child’s individual needs in real time.

“All of our treatment plans are individualized and evidence-based. The KSB Catalyst Grant allows us to invest in the technological infrastructure needed to help adjust these treatment plans based on real-time clinical observation and data collection in the classroom. The sooner we can assess how a child is progressing or not, the sooner we can adjust our approach to optimize developmental outcomes. Better results mean better quality of life. So ultimately this investment translates into a better use of time for our children and time is essential in these early years, ”said Jeff Johnson, executive director of the Children’s Center.

Viles Arboretum is a free and easily accessible botanical garden located in Augusta. The 224-acre space includes 6 miles of trails, dozens of plant collections, and a sculpture exhibit. The preserved Arboretum grounds, interpretive material, exhibits, programs and events, and the trail system are designed for people of all ages for the purposes of education, recreation and inspiration.

With funding from the Catalyst Grant, Viles Arboretum will expand its Young Stewards Camp program, a screen-less summer camp designed to take advantage of the arboretum’s sprawling green space to deliver high-quality outdoor enrichment programming. quality and low cost to local children. The funds will be used to create an adventure trail, renovate the kitchen and develop an educational garden.

“Viles Arboretum is proud to have partnered with the Kennebec Savings Bank for this work, which will fund existing infrastructure like our community gardens and commercial kitchen, as well as a new low ropes course, to better serve our customers. students as our summer program continues to grow, ”said Ryan Martin, CEO of Viles Arboretum.

The mission of the Catalyst Grants Program is to stimulate creativity and add capacity within local nonprofit organizations, leading to improved programs and services offered in the Kennebec Savings Bank service area. Grant recipients are selected through a competitive application process by an internal selection committee made up of employees representing different sectors of the Bank. Since its inception in 2016, the Catalyst grant program has awarded more than $ 300,000 to more than a dozen projects.

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