GARDINER, Maine, April 4, 2011 /PRNewswire/ -- Savings Bank of Maine today announced plans to change its name to The Bank of Maine. The name change comes after a yearlong transformation of the bank that brought with it an experienced new management team, the addition of 60+ positions in the State of Maine, and a renewed commitment to providing the citizens of Maine with superior banking products and services.
"This year, the bank celebrates its 177th year and, while we continue to focus on providing our customers with the high level of service they have come to expect from this institution, we realize customer needs are changing," said John Everets, chief executive officer and chairman of Savings Bank of Maine. "Our new name reflects our commitment to meeting those changing needs and making the bank a leading institution in Maine and elsewhere."
With 32 branches from York to Fort Kent and more than $830 million in assets, Savings Bank of Maine is one of the State's largest independent banks. The bank plans to open its 33rd branch in Portland later this year.
"2011 will be an exciting year, marked with branch and staff growth, a new array of banking products and service improvements and further upgrades to the bank's technology infrastructure," said Everets. "We are dedicated to helping our customers reach their financial goals by providing innovative financial solutions that rival those of the country's largest institutions, all with the quality and care of your neighborhood bank, with a 177 year history."
The name change will go into effect on May 16, 2011. Existing customers will begin to see communications about the new name in April.
About Savings Bank of Maine
The Savings Bank of Maine, founded in 1834, is a FDIC-insured federally chartered savings bank with more than $830 million in assets. The bank offers a broad range of personal and business financial services through its 32 branches and 42 ATM sites located from York to Fort Kent. In addition to serving the needs of its customers, the bank and its charitable foundation have returned over $25 million to Maine communities, including contributions and grants. To learn more, visit savingsbankofmaine.com or join us on Facebook and Twitter.