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B U S I N E S S P R O F I L E S S P E C I A L A D V E R T I S I N G S E C T I O N B U S I N E S S P RO F I L E S 20 P H O T O S C O U R T E S Y O F S K O W H E G A N S A V I N G S B A N K Building on the Past, Ready for the Future Skowhegan Savings Bank 13 Elm Street, P.O. Box 250 Skowhegan, ME 04976 David Cyr, President Banking Founded: 1869 Maine employees: 131 skowhegan.com Skowhegan Savings Bank T oday, it may seem dif- ficult to imagine how much has changed since Skowhegan Savings Bank was founded 150 years ago – and how much remains constant. Maine was enjoying new eco- nomic opportunity back then, as the lumber industry boomed and the state's Civil War veterans invested their talents in peace- time prosperity. But Mainers have always been hard-working and willing to strive for a better future. Nowhere was that more true than the Kennebec Valley. Abner Coburn, a struggling farmer and logger, embodied those qualities. From meager beginnings, he rose to become one of New England's most suc- cessful lumber and land entre- preneurs, served as Maine's 30th governor, and helped establish Skowhegan Savings in 1869. Under his leadership as president, the bank worked to help residents of the region build homes, businesses, and security for their families. "From the very beginning, the bank was focused on mak- ing local communities better places to work and live," says John Witherspoon, Skowhegan Savings chief executive officer today. "at original intent has stayed consistent." at's not to say there haven't been a few changes in 150 years. In 2019, Skowhegan Savings has roughly $600 million in assets and a capital base of $87 million. Its commercial portfolio has quadrupled in the past 12 years. And Skowhegan Savings now serves customers in 11 banking centers in four counties, offering free worldwide ATMs, and through online banking, mobile apps and other advanced technology tools. Another change will occur at the end of the year, when John retires after a 40-year career and President David Cyr, who has been with Skowhegan Savings since 2005, takes on the role of CEO. To celebrate this year's milestones and the bank's longstanding commitment to the people and businesses of Maine, Skowhegan Savings employees are contributing 150 days of volunteer service to local communities. at means each employee will give an extra day of their time to help out at hospitals, schools, food pantries, and not-for-profit agencies. And that contribution comes on top of the 4,000 hours of service Skowhegan Savings employees already volunteer each year. e bank also gives back to its communities through the Skowhegan Savings Charitable Foundation, established in 2011. With assets of over $2 million, the 501(c)3 foundation regularly supports organiza- tions such as Big Brothers Big Sisters and the United Way, and each year funds seven college scholarships for local high school students. For reasons like these, Skowhegan Savings received the "Corporate Above and Beyond" Award from Jobs for America's Graduates, a national not-for-profit organization. Skowhegan Savings has also been named to the list of "Best Places to Work in Maine" seven times. David sees service to the community as part of the Skowhegan Savings Bank tradition. "When Skowhegan Savings began 150 years ago, it was all about helping neighbors, and that's continuing today and into the future," he says. "We're here for the long term." l When Skowhegan Savings began 150 years ago, it was all about helping neighbors, and that's continuing today and into the future. We're here for the long term. President David Cyr Personal Banking Services y Checking y Savings y Home Loans y Personal Loans y Personal Credit Cards y CDs and IRAs Business Banking Services y Checking y Savings y Loans y Business Credit Cards Online and Mobile Services y Mobile Deposit y Bill Pay y Bank to Bank Transfers y Remote Deposit y ACH y Wires Top: Abner Coburn, founding father of Skowhegan Savings and Maine's 30th Governor Center: John Witherspoon, Skowhegan Savings CEO and retiring president Bottom: David Cyr, Skowhegan Savings 13th president

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