Mainebiz

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 26 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 e County FCU has $449.8 mil- lion in total deposits and ranks No. 7 among the largest Maine-based credit unions, based on deposits as of Sept. 30, 2022, according to the 2023 Mainebiz Book of Lists. Maine Savings' next CIO brings 10 years of experience Maine Savings Federal Credit Union appointed Adam Kavanagh to the role of chief information officer. Kavanagh brings a range of experi- ence and knowledge to the role. He has worked in the credit union indus- try for over 10 years, including eight years at Maine State Credit Union. "I look forward to working with the team to develop and implement strategies to help the company achieve its goals," says Kavanagh. "Like Maine Savings, I believe credit unions exist to serve their members and communities and I'm happy to be a part of a credit union with such a strong cul- ture," he adds. Prior to joining the credit union, Kavanagh has held various positions, including senior vice president, chief operating officer, vice president of operations and assistant vice president of risk management. Maine Savings was founded in 1961. It has more than 35,000 mem- bers, 140 employees and branches in Bangor, Bar Harbor, Brewer, Corinth, Ellsworth, Hampden, Milo, North Vassalboro, Old Town and Portland. Maine Savings was ranked No. 2 among the largest Maine-based credit unions in the 2023 Mainebiz Book of Lists, based on $587.8 million in total assets as of Sept. 30, 2022. Androscoggin Bank names next COO Androscoggin Bank has appointed Kate Rush as the next executive vice president and chief operating officer. During her time working in various industries, the bank said in a news release, she has acquired a variety of skills in various industries, including operations, technology, finance and innovation. Prior to joining the bank, the Newport resident was vice president of corporate development at Tilson Technology Management. She also held a leadership position at Bangor Savings Bank. Androscoggin Bank has $1.42 million in total assets and ranks No. 11 among the largest Maine-based banks, based on assets as of June 30, 2022, according to the Mainebiz Book of Lists. Alexis Wells, Mainebiz staff writer, can be reached at awells @ mainebiz.biz Thank you to the following partners for making this possible: Sweetser is one of only 100 projects nationally selected by Lowe's to receive a hometown community impact grant and the only project awarded in Maine. The $145,000 award was combined with other community-based resources and support to rebuild and revitalize the outdoor recreation spaces on Sweetser's Saco campus. This included new playgrounds and a multi-purpose play court for the youth we serve between ages 5–18, K–12 engaged in Sweeter's child crisis, residential, and educational programs. Contact Justin Chenette, Senior Director of Public Relations and Advancement if interested in exploring a corporate or business partnership today: jchenette@sweetser.org or 207-590-3266. • Lowe's • Maine Community Bank • Sam L Cohen Foundation • Rotary Club of Saco Bay Sunset • Pendleton Fund Lowe's & Community Partners Build New Playgrounds For Sweetser P I C T U R E D H E R E : Sweetser's President & CEO Jayne Van Bramer, Senior Director of PR & Advancement Justin Chenette, Lowe's Portland Store Manager Tyler LaPlante, and representatives from Maine Community Bank, Rotary Club of Saco Bay Sunset, and the Pendleton Fund. » C O N T I N U E D F RO M P R E V I O U S PA G E P H O T O / C O U R T E S Y O F A N D RO S C O G G I N B A N K P H O T O / C O U R T E S Y O F M A I N E S AV I N G S F C U Like Maine Savings, I believe credit unions exist to serve their members and communities and I'm happy to be a part of a credit union with such a strong culture. — Adam Kavanagh Maine Savings Federal Credit Union Adam Kavanagh, CIO for Maine Savings Federal Credit Union. Kate Rush, COO for Androscoggin Bank

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