9 Jun 2025

PRESS RELEASE: Maine Banks Give!

DATE: June 9, 2025

FOR IMMEDIATE RELEASE
Contact: Jim Roche
jroche@mainebankers.com
(207) 791-8401

Maine Banks Give!
Recent survey shows Maine banks’ impact on their communities

A recent survey by the Maine Bankers Association reveals the significant impact banks have on their communities in the Pine Tree State. From over 125,000 volunteer hours logged by bank employees, to $15.3 million in charitable donations, from $3.6 billion in loans to businesses, to $2.3 billion in residential and commercial real estate loans, banks provide the support and economic fuel that keeps Maine’s economy prosperous.

“Our success as bankers is measured not just in numbers, but in the lives we touch,” said Larry Barker, president & CEO of Machias Savings Bank and chair of the board of the Maine Bankers Association. “By investing in our communities—whether through volunteerism, philanthropy, or partnership—we’re helping build a Maine that’s stronger, more resilient, and full of opportunity. It’s a privilege to be part of an industry that leads with heart and purpose,” he concluded.

Maine’s banking industry employs 9000 working men and women across the state. Twenty-nine (29) retail banks operate 438 offices in nearly every community, assisting Maine citizens and businesses with financial decisions that improve the quality of life for everyone. With assets exceeding $44 billion, the Maine banking industry provides the financial fuel that powers the state’s economy.

Highlights from Maine banks community involvement: https://acrobat.adobe.com/id/urn:aaid:sc:US:e89e954f-9b4f-4bf4-b6ef-c126cb0a76ec

Last year, Machias Savings Bank funded LifeFlight of Maine’s Equipment Replacement Campaign

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26 Feb 2025

PRESS RELEASE: Maine Bankers Association Awards $12,000 in HEAF Scholarships

FOR IMMEDIATE RELEASE
Contact: Megan Ogden
mogden@mainebankers.com
(207)791-8412

Maine Bankers Association Awards $12,000 in HEAF Scholarships 

The Maine Bankers Association recently awarded six, $2,000 Higher Education Assistance Foundation (HEAF) scholarships to students majoring in business administration and management, finance, management, and small business management at Maine colleges and universities.

HEAF was established over 60 years ago by business leaders from a wide variety of industries including banking, small business, and community organizations. In 1990, HEAF initiated a scholarship program funded by the financial return on the original corpus of funds. The scholarship program is now managed by the Maine Bankers Association.

Colleges receiving HEAF grants this year are Saint Joseph’s College, University of Maine Farmington, University of Maine Fort Kent, University of Maine Machias, University of Maine Orono, and University of Maine Presque Isle.

Scholarship recipients are Teagan Hynes (York High School), Saint Joseph’s College; Jillian Gamage (Mt. Blue High School), University of Maine Farmington; Breanna Ouellete (Madawaska Middle/High School), University of Maine Fort Kent; Amber Kennedy (Ellsworth High School), University of Maine Machias; Carson Damon (South Portland High School), University of Maine Orono; and Chase McAllian (Belfast Area High School), University of Maine Presque Isle.

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