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V O L . X X I X N O. X X V I I N OV E M B E R 2 7 , 2 0 2 3 4 A division of New England Business Media LLC C E O / GROUP PUBLISHER Peter Stanton P R E S I D E N T Tom Curtin DIGITAL DIRECTOR Jan Holder PUBLISHER Andrea Tetzlaff EDITOR Peter Van Allen MANAGING EDITOR / DIGITAL OPERATIONS William Hall SENIOR WRITERS Renee Cordes Laurie Schreiber STAFF WRITER Alexis Wells CONTRIBUTING WRITERS Mark Jeanneret Carrie Yardley RESEARCH DIRECTOR Stephanie Meagher RESEARCH ASSISTANT Heide Martin ART DIRECTOR Matt Selva HOSPITALITY Buster, Malcolm HOSPITALITY EMERITUS Zoey SENIOR ACCOUNT MANAGERS Ken Hanson Kerry Rasor Betsy VanderPloeg MARKETING/OPERATIONS DIRECTOR Alison Nason OPERATIONS COORDINATOR Allison Spies AUDIENCE DEVELOPMENT SPECIALIST Leah Allen C O N T E N T S The Federal Reserve Payments Study 2022 Triennial Initial Data Release 17 24 18 Personnel moves in the banking industry A roundup of recent new hires, promotions and retirements in the banking industry Keeping fraud in check Maine banks combat rising wave of check fraud 28 Eye on the prize Cash awards from pitch competitions play a vital role in advancing startup journeys B A N K I N G / F I N A N C E / I N S U R A N C E F O C U S sbsavings.bank | (207) 284-4591 TRUSTED THROUGH GENERATIONS. sbsavings.bank | Photo provided by McArthur Public Library P H O T O / C O U R T E S Y O F F I N S U L AT E P H O T O / J I M N E U G E R Andrew Silsby, president and CEO of Kennebec Savings Bank Cleantech firm Finsulate received Top Gun's $25,000 prize in 2022.

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