Mainebiz

V O L . X X X I I N O. V I I I A P R I L 2 0 , 2 0 2 6 18 B A N K I N G / F I N A N C E / I N S U R A N C E A number of banks across Maine, looking to right-size their footprint and leverage market opportunities, have been retooling their real estate portfolios, with properties bought and sold along with renovations and new construction. HQ expansion Kennebec Savings Bank is planning con- struction of a five-story building at its 150 State St. main office campus in Augusta. e goal is to design a campus that functions better for customers and employees, improves safety and traf- fic flow, and fits the character of the neighborhood. "As we continue to grow, it's important that our facilities evolve in ways that enhance the customer experience, support our employees and strengthen our connection to Augusta," says Andrew Silsby, the bank's president and CEO. e campus is the site of the bank's headquarters and one of its branches, located in a historic build- ing called the Tappan-Viles Mansion, designed by noted Maine architect John Calvin Stevens and listed on the National Register of Historic Places in 1982. e bank acquired the mansion in 1984 and completed renovations there in 1990, including attaching a new lobby building. "Nothing is changing to this structure, and it remains the corporate headquarters of Kennebec Savings Bank," says Silsby. e new building and additional parking will be on the same campus. e branch lobby and drive-through currently being used will move to Maine-based banks Ranking by assets, as of Dec. 31, 2025: #2 Founded in 1875, Camden National Bank, headquartered in Camden, ranks No. 2 with $6.9 billion in assets. The bank says it has 72 locations and over 700 employees. #11 Founded in 1870, Kennebec Savings Bank, based in Augusta, ranks No. 11 with $1.8 billion in assets, eight offices and 193 full-time employees. #17 Founded in 1868, Franklin Savings Bank, based in Farmington, ranks No. 17 with $755 million in assets, eight offices and 145 full-time employees. S O U R C E : 2026 Mainebiz Book of Lists Banking on real estate Banks are retooling their real estate portfolios with acquisitions, sales and construction B y L a u r i e S c h r e i b e r F O C U S As we continue to grow, it's important that our facilities evolve in ways that enhance the customer experience, support our employees and strengthen our connection to Augusta. — Andrew Silsby Kennebec Savings Bank P H O T O / T I M G R E E N WAY Andrew Silsby says Kennebec Savings Bank's construction of a five-story building will help the Augusta campus function better for customers and employees and improve safety and traffic flow.

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