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October 05, 2015 12:48 AM ET


Company Overview of Franklin Savings Bank

Company Overview

Franklin Savings Bank operates as a community bank in Western Maine. Its personal banking services include deposits, such as checking accounts, savings accounts, CDs, and IRAs; and loans, including mortgages, home equity loans, and installment loans; and investments. The company’s small business banking services comprise business checking services, such as commercial checking accounts, payroll services, and merchant credit and debit card services; commercial lending services; and bill pay online banking services, telephone banking, and ATM-debit cards. Its investment services comprise financial services. The company serves communities of the greater Western Maine Foothills, including Frankli...

197-209 Main Street

PO Box 825

Farmington, ME 04938-0825

United States

Founded in 1868





Key Executives for Franklin Savings Bank

Chief Executive Officer and President
Chief Financial Officer, Vice President and Treasurer
Chief Operating Officer and Executive Vice President
Executive Vice President of Administration and Human Resources
Vice President of Retail & Consumer Lending and Branch Manager
Compensation as of Fiscal Year 2015.

Franklin Savings Bank Key Developments

Franklin Savings Bank Announces Executive Appointments

Franklin Savings Bank has promoted two on its administrative team to executive vice president. Timothy Thompson and Shelley Deane rise from senior vice president to executive vice president. Thompson has been named executive vice president and chief operating officer, while Deane has been named executive vice president, administration and human resources. Thompson has been with Franklin Savings Bank since 2000. He serves on the Pierce House board of directors and the Greater Franklin Development Corporation board of directors.

Derek Hayes Joins Franklin Savings Bank as Director of Commercial Lending

Franklin Savings Bank has named Derek Hayes to the management team as director of commercial lending. Hayes comes to Western Maine from Camden National Bank, where he was regional vice president for commercial lending in the 11-branch region of the greater Ellsworth market. He has a dozen years' experience in commercial banking and has been a regional 'team leader' for five years.

Franklin Savings Bank Announces Management Changes

Franklin Savings Bank has added a branch manager to its main office, bringing up a veteran branch manager, and also promoted two other lenders. Shelley Deane, senior vice president, human resources and administration, announced that Lorna Durrell Niedner has been named vice president, retail and consumer lending, and branch manager at the bank's main office in Farmington. Niedner has been with Franklin Savings Bank for 28 years, progressing from positions in the loan department and customer service through to becoming a lender and, eventually, the manager of the Jay Branch. She was promoted to vice president in 2013. She lives in Livermore with her family and is active in the greater Jay, Livermore Falls and Livermore communities. Lender Diane Jackson will replace Niedner as Jay's branch manager. Jackson has been with Franklin Savings Bank nearly nine years. She came to the bank with a strong banking and management background. She manages and serves as the underwriter for the bank Home Equity Loan Program, which is serviced at the Jay Branch, and works closely with Jay loan staff and the main office. In addition, Franklin Savings Bank has promoted Lindsay Coolidge to loan officer at the Farmington office. Coolidge started working at the bank in 2002 as a customer service representative. The Wilton resident has progressed through various loan positions until becoming, most recently, a loan interview clerk.

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