Mainebiz

W W W. M A I N E B I Z . B I Z 11 A U G U S T 6 , 2 0 1 8 PR ES ENTI NG S PONS OR Join us at our fifth stop in the 2018 On the Road with Mainebiz event series at the Bethel Inn Resort. Enjoy hors d'oeuvres and a cash bar while networking with business executives in the area. Network with Mainebiz and Area Business Executives on September 6 AT T E N DA N C E I S F R E E B U T S PAC E I S L I M I T E D! Please be sure to register ahead at www.mainebiz.biz/OTRBethel BETHEL 5:00–7:00pm | The Bethel Inn Resort FOLLOW US @MBEVENTS #OTRBethel18 For sponsorship opportunities, please contact Publisher Donna Brassard at dbrassard@mainebiz.biz or 207.261.8379 x327 KeyBank promotes Kelley to Maine market president B y m a i n e b i z s t a f f L ess than two months after the death of Sterling Kozlowski, KeyBank's Maine market president, the bank has named his successor. Raymond T. (Chip) Kelley takes over the position as Maine market president in addition to his role as com- mercial sales leader for Maine, New Hampshire and eastern Massachusetts. Kelley joined KeyBank in 2005 after 13 years at Bank of American in Portland. He gradu- ated from Colby College and lives in Cape Elizabeth. Kelley will be the "external executive face of Key," the bank said in a press release. He will also partner with Key's corporate responsibility group. He maintains offices in Key's Maine Market Center at One Canal Street in Portland and in Key's Boston commercial office. "I've worked with this talented team of banking and financial professionals for many years, and it is a great honor to now take the helm as market president," said Kelley. "KeyBank's commitment to the customers and communities we serve has made us a leader in the market, and I am excited to continue to drive the Maine team forward." "Chip possesses extensive commercial banking expe- rience, market knowledge, and strong leadership quali- ties," said E.J. Burke, co-president of Key Community Bank. "Together with his active involvement in the community, he is the ideal candidate to fill this role." Kozlowski, 58, who died suddenly June 9, had served as Maine market president since 2012. The Falmouth resident was a native of Pittsford, N.Y., and had worked for Marine Midland and HSBC before joining KeyBank. KeyBank is Maine's fourth-largest bank, based on market share, with 9.25% of the market. Through June 30, 2017, according to Federal Deposit Insurance Corp. data, ranking behind TD Bank (13.47%), Camden National (10.59%) and Bangor Savings (10%). Maine has more, not fewer, banking employees It's a common gripe that banks are becoming more automated and that tellers are becoming a rarity. In fact, in Maine at least, the opposite has been true the past three years. At 26 insured institutions in Maine, there were 4,688 full-time equivalent employees through the first quarter of this year, according to the Federal Deposit Insurance Corp. That's up from 4,580 in the same period in 2017 and 4,422 in 2016. Assets also grew in that period: $27.04 billion as of March 31, 2018, up from $25.7 billion in March 2017 and $22.4 billion in the comparable period in 2016. Nationally, employment did not grow alongside assets. Full-time employment peaked in 2017, at 2.08 million workers, even as assets continued to grow in 2018 to $17.53 trillion, from $16.96 trillion in 2017 and $16.29 trillion in 2016. B I Z M O N E Y group owns the Portland Press Herald, Morning Sentinel, Kennebec Journal and e Coastal Journal. at leaves Bangor Daily News, owned by Richard Warren, as the only remaining Maine daily out- side of Brower's ownership control. E. Boothbay shipyard lands $600K federal grant Washburn & Doughty Associates Inc. of East Boothbay has been awarded $618,750 through the U.S. Department of Transportation's MARAD Small Shipyard Grant Program to purchase and install a new lathe and robotic welding machine. U.S. Sen. Susan Collins, R-Maine, chairwoman of the Transportation Appropriations Sub- committee, said the grant will pay for a new lathe and robotic welding machine. e shipyard specializes in the con- struction of steel and aluminum com- mercial vessels. Its portfolio includes a diverse mix of tugboats, commercial passenger vessels, fishing boats, barges, ferries and research vessels. N O T E W O R T H Y M I D C O A S T & D O W N E A S T The New England Real Estate Co. completed renovations to its office located at 98 Elm St. in Camden. Rob Olson, an entrepreneur in Portland, released a second Maine- themed card game called Yankee Swap. The game is designed for players as young as 8 years old and features characters based on real-life Mainers living in Washington County. Fowler departs as Aroostook chamber director eresa Fowler, executive director of the Central Aroostook Chamber of Commerce for 10 years, suddenly left the post July 19. e County reported that Fowler communicated her departure in a personal email stating: "It is with a very heavy heart that I am writing to inform you that effective immediately I will not be at the Central Aroostook Chamber of Commerce." Various cham- ber officials contacted by the newspaper did not provide further information. In a news report by WGAM, Rockholt said the issue would likely be discussed at the next board meeting on Aug. 14. N O T E W O R T H Y N O R T H E R N & E A S T E R N Husson University in Bangor said it provided high school students with more than $500,000 in free tuition credits as part of its Early College Access Program during the 2017-18 academic year. P H O T O / C O U R T E S Y K E Y B A N K Raymond T. (Chip) Kelley takes over as Maine market president, taking over from Sterling Kozlowski, who died June 9. N O R T H E R N & E A S T E R N

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