February 28, 2015 4:03 PM 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
Senior Vice President of Human Resources and Administration
Vice President of Retail & Consumer Lending and Branch Manager
Loan Officer for Farmington Office
Compensation as of Fiscal Year 2014.

Franklin Savings Bank Key Developments

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.

Franklin Savings Bank Promotes Martha Lefebvre to Vice President, CFO and Treasurer

Franklin Savings Bank promoted Martha Lefebvre to vice president, CFO and treasurer. Lefebvre started at the bank as a branch manager.

Franklin Savings Bank Announces Executive Promotions

Franklin Savings Bank has promoted three lenders to assistant vice president status and promoted a fourth loan employee to officer status. Chrissy St. Laurent at the Farmington loan center and Diane Jackson at the Jay branch have both been promoted to assistant vice president, loan officer. RaeAnn Hargreaves has been promoted to assistant vice president, loan and workout officer. Heather Erskine has been promoted to loan compliance officer. Both Hargreaves and Erskine work out of the Farmington loan center. St. Laurent has been with Franklin Savings Bank for 24 years. Prior to joining the Farmington Loan Center, she worked as a teller, customer service supervisor and assistant branch manager at FSB's Jay branch. She is a member of the Franklin County Chamber of Commerce board of directors and an active volunteer in numerous community events, including speaking to classrooms and offering her financial expertise to students. Jackson has been with Franklin Savings Bank nearly eight 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. She is a member of the Jay, Livermore and Livermore Falls Chamber of Commerce and an active volunteer for many FSB-sponsored community events. Hargreaves, who has been with Franklin Savings Bank for 12 years, has developed the position of workout and collections officer for the bank during the past several years. Erskine joined the bank nearly 13 years ago as a teller and has held various positions in the loan center while working on her education.

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