Audit Committee. The Audit Committee monitors the activities of the public accountant, which performs an audit of the Association and reports to the Executive Committee. The MBA Vice Chair serves as Chair of the Committee and selects additional members as needed.

The 2019-2020 Chair of the Audit Committee is Robert Montgomery-Rice, Bangor Savings Bank.

Nominating Committee. The Nominating Committee prepares a lineup of nominees for election to the Association offices and mails it to each member financial institution at least 30 days prior to the Annual Meeting. The Committee consists of the Chairman, Vice Chairman and three members, one from each of the three geographical groups. The President serves on the Committee in an advisory capacity with no vote.

Nominating Committee Roster


Bank Security Committee. The Bank Security Committee is responsible for ensuring that MBA’s member banks have the most up-to-date security information (e.g. bank robberies, data breaches, check fraud …) for the Industry. Security issues often transcend business lines, and security committee members work closely with their peers in other industries.

Bank Security Committee Roster

Collections Committee. The Collections Committee meets regularly to bring members up to date on regulations and practices related to collections, bankruptcy, and foreclosure. Meetings offer guest speakers and round table discussions on a variety of hot topics. Committee members are sometimes called on to testify before the Maine Legislature.

Collections Committee Roster

Commercial Lending Committee. The Commercial Lending Committee brings commercial lending experts together for discussion of trends and practices. The agenda includes outside speakers, workshops and peer discussions on both commercial real estate and commercial loans to businesses.

Commercial Lending Committee Roster

Compliance Committee. The Compliance Committee monitors regulatory changes in the industry. Its goals are to inform members of new regulations, recommend positions on proposed legislation, and provide a forum for discussing approaches to compliance. This committee worked closely with the Retail Lending Committee and has dealt with concerns surrounding changes to BSA, FACT Act and Appraisal Standards.

Compliance Committee Roster

Financial Management Committee.  The Financial Management Committee consists of chief financial officers who invite speakers to present information on new and critical issues in all areas of financial management.  The committee also spends time at each meeting in an informal round table discussion of issues that are of interest to members.

Financial Management Committee Roster

Human Resources Committee. The Human Resources Committee oversees personnel and recruitment practices and employee benefits, reviews ongoing employee training and presents programs on timely topics.

Human Resources Committee Roster

Legislative Committee. The Legislative Committee studies and recommends changes in the banking laws and in other state statutes affecting banks. On request, it assists the Association’s legislative agents, who are appointed by and answerable to the Executive Committee, in representing the Association at the Legislature and before committees of the Legislature or of Congress. All new legislation proposed by this committee is submitted in writing to member financial institutions, and only upon concurrence of a majority of member institutions, may the Association sponsor legislation.

Legislative Committee Roster

Marketing & Communications Committee. The Marketing & Communications Committee has a twofold goal: the promotion of the financial institution industry in Maine and the education of marketing and communications professionals at member banks. The committee investigates activities that enhance the image of banks and banking, hears speakers that help members in their individual bank communications effort and advises the association on potential joint marketing, public relations and advertising projects. A subcommittee plans the Emerging Managers’ Conference, and other ad hoc committees are formed to work on special projects as needed.

Marketing & Communications Committee Roster

Operations & Systems Committee. The Operations & Systems Committee investigates all aspects of bank operations. As necessary, this committee plans and sponsors training sessions to investigate regulatory changes and other topics that fall within the broad context of bank operations. The remote deposit capture was one area of concern for the committee this year.

Operations & Systems Committee Roster

Retail Lending Committee. The Retail Lending Committee is responsible for all areas of retail lending. Regular meetings are held to discuss timely and related topics, some of which are incorporated into statewide training seminars. Among the areas of concern for this committee are state and federal legislation, regulation, industry trends and analysis of various types of mortgage and consumer loans. This committee has spent the bulk of their time, this year, on changes occurring at the federal and state level dealing with mortgage lending regulation.

Retail Lending Committee Roster

Technology & Cyber Committee. The Technology & Cyber Committee concentrates on network technology and infrastructure, cloud processing, cyber defense strategies, disaster recovery, and threats and vulnerabilities.  The Committee will work with other MBA committees to help prevent all types of fraud against banks.

Technology & Cyber Committee Roster


These groups meet on an ad hoc basis.

Retail Branch Administration Working Group Roster