2017-2018 Appointed Committee Chairs Announced

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On August 25, the new Committee Chairs for the 2017-2018 term, MBA Chair Andrew Silsby and MBA Vice Chair Pat Weigel assembled at the Haraseeket Inn in Freeport for the annual meeting of MBA’s Committee Leadership Council, discussing committee goals and plans for the coming year. The newly-appointed Committee Chairs are:

Bank Security Committee
David J. Ackley, Jr., Camden National Bank
Human Resources Committee
Marcia Benner, Damariscotta Bank & Trust Company
Collections Committee
William Kany, Saco & Biddeford Savings Institution
Legislative Committee
Susan A. Norton, First National Bank
Commercial Lending Committee
Gregory W. Dalton, Bar Harbor Bank & Trust
Marketing and Communications Committee
Mark Girr, Gorham Savings Bank
Compliance Committee
Aaron Kouhoupt, Bangor Savings Bank
Operations and Technology Committee
Tammy Plummer, First National Bank
Financial Management Committee
Rich St. Pierre, Skowhegan Savings Bank
Retail Lending Committee
Joe Ferris, Androscoggin Bank

Visit our Committees page for full committee rosters and information on the role MBA’s Appointed Committees play in supporting Maine banks.

Andrew Silsby to Chair Maine Bankers Association

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ANDREW SILSBY TO CHAIR MAINE BANKERS ASSOCIATION

At the 124th Annual Meeting of the Maine Bankers Association in Boothbay Harbor, the member banks elected Andrew E. Silsby, President & CEO of Kennebec Savings Bank, to head the Maine Bankers Association as Chair beginning July 1st.

Mr. Silsby was named President & CEO of Kennebec Savings Bank in 2014. He serves as a director on a number of local and regional boards, including the Travis Mills Foundation, the Kennebec Valley Chamber of Commerce, the Augusta Board of Trade and Augusta First. He is a past president of the Chamber, Lithgow Public Library and Kennebec Valley United Way boards.  Mr. Silsby also serves on the Board of Visitors of University of Maine at Augusta.

He received a B.S. in Business Administration from the University of Maine at Orono, and also attended the American Community Bankers National School of Banking.

Patricia Weigel, President & CEO of Norway Savings Bank, was elected Vice Chair of the Association.

Elected to the Executive Committee for three-year terms expiring in June, 2020 were: Lawrence L. Barker, President & CEO, Machias Savings Bank; Scott D. Conant, President & CEO, Damariscotta Bank & Trust Company; and Charles M. Petersen, President & CEO, Biddeford Savings Bank. Members who will continue to serve by their election in a previous year were: Robert C. Quentin, President and CEO, Saco & Biddeford Savings Institution (June 2018); Daniel Thornton, Maine Market President, People’s United Bank (June 2018); Tony McKim, President & CEO, First National Bank (June 2019); Robert Montgomery-Rice, President & CEO, Bangor Savings Bank (June 2019); Andrew C. Perry, President & CEO, First Federal Savings & Loan of Bath (June 2019) and Immediate Past Chair Jon J. Prescott, President & CEO, Katahdin Trust Company.

News Release: Bureau of Financial Institutions Warns of Business Email Compromise Scams

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Department of Professional & Financial Regulation State of Maine Logo

Contact: Lloyd LaFountain, Superintendent
Phone:  (207) 624-8570
TTY:  Please Call Maine Relay 711

 

Maine’s Bureau of Financial Institutions Cautions Companies and Employees about Business Email Compromise (BEC) Scams 

 

GARDINER – Maine’s Bureau of Financial Institutions is warning company owners and employees about Business Email Compromise (BEC) scams.  Several banks in Maine have reported BEC attempts targeting their commercial customers.

“Business Email Compromise scams aren’t new, but their frequency and sophistication appear to be increasing,” Superintendent Lloyd LaFountain said.  “Banks and credit unions have heightened their awareness about BEC scams, but it’s important for businesses—large and small—to know they can be targeted anytime.”

BEC scams, also referred to as CEO fraud, seek to obtain a wire transfer of money from an employee in the finance or Accounts Payables office of a business.  This is done by sending an e-mail to the employee, or a series of messages, posing as a senior executive of the company.  National reports indicate that the e-mails have become more convincing and more difficult to detect as being fraudulent.  Additionally, some scammers are sending multiple messages over time to make sure they have the trust of their targets before asking for the wire transfer.

“Although some BEC attempts can be identified by closely reading the e-mail, these and other types of scams often evolve over time and become more difficult to recognize,” LaFountain said.  “We live in an age when requests for money or for our personal information over the phone or through e-mail should be carefully evaluated and confirmed as being authentic.”

The Bureau of Financial Institutions encourages anyone receiving an e-mail requesting a wire transfer of funds to a vendor or other entity to double-check with the person requesting the transaction by speaking directly with that individual or sending a separate message to that person.  Additionally, the Bureau reminds all consumers to never give out their Social Security Number, banking or credit card numbers or other personal information unless they are certain the request is legitimate.  Further, the Bureau reminds the public that most financial institutions and government agencies never make these requests through unsolicited e-mails or phone calls.

More information about financial scams and personal financial literacy is available on the Bureau’s website www.maine.gov/pfr/financialinstitutions.  Assistance with questions, concerns or other issues involving banks or credit unions can also be obtained by calling 1-800-965-5235 (toll free in Maine) or 207-624-8570.


The Maine Bureau of Financial Institutions is an agency within the Department of Professional and Financial Regulation (
www.maine.gov/pfr), which encourages sound business practices through high quality, impartial and efficient oversight of insurers, financial institutions, creditors, investment providers, and numerous professions and occupations.

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