April 19, 2014 9:19 PM ET


Company Overview of Franklin Savings Bank

Company Overview

Franklin Savings Bank provides personal and small business banking services to communities in Western Maine. The company offers personal checking and savings accounts; CDs and IRAs; business and commercial checking accounts; and online and telephone banking services. It also provides mortgage, home equity, vehicle, and installment loans; and commercial lending, merchant credit and debit card, investment, and payroll services. Franklin Savings Bank was formerly known as Franklin County Savings Bank and changed its name to Franklin Savings Bank in November 1976. The company was founded in 1868 and is based in Farmington, Maine with additional offices in Jay, Mexico, Mt. Blue, Rangeley, Rumford...

197-209 Main Street

PO Box 825

Farmington, ME 04938-0825

United States

Founded in 1868





Key Executives for Franklin Savings Bank

Chief Executive Officer and President
Chief Financial Officer
Senior Vice President
Vice President of Loan Administration
Vice President
Compensation as of Fiscal Year 2013.

Franklin Savings Bank Key Developments

Franklin Savings Bank Promotes Martha Lefebvre to Vice President, CFO and Treasurer

Franklin Savings Bank promoted Martha Lefebvre to vice president, CFO and treasurer. Lefebvre started at the bank as a branch manager.

Franklin Savings Bank Announces Executive Promotions

Franklin Savings Bank has promoted three lenders to assistant vice president status and promoted a fourth loan employee to officer status. Chrissy St. Laurent at the Farmington loan center and Diane Jackson at the Jay branch have both been promoted to assistant vice president, loan officer. RaeAnn Hargreaves has been promoted to assistant vice president, loan and workout officer. Heather Erskine has been promoted to loan compliance officer. Both Hargreaves and Erskine work out of the Farmington loan center. St. Laurent has been with Franklin Savings Bank for 24 years. Prior to joining the Farmington Loan Center, she worked as a teller, customer service supervisor and assistant branch manager at FSB's Jay branch. She is a member of the Franklin County Chamber of Commerce board of directors and an active volunteer in numerous community events, including speaking to classrooms and offering her financial expertise to students. Jackson has been with Franklin Savings Bank nearly eight years. She came to the bank with a strong banking and management background. She manages and serves as the underwriter for the bank Home Equity Loan Program, which is serviced at the Jay branch, and works closely with Jay loan staff and the main office. She is a member of the Jay, Livermore and Livermore Falls Chamber of Commerce and an active volunteer for many FSB-sponsored community events. Hargreaves, who has been with Franklin Savings Bank for 12 years, has developed the position of workout and collections officer for the bank during the past several years. Erskine joined the bank nearly 13 years ago as a teller and has held various positions in the loan center while working on her education.

Franklin Savings Bank Promotes Lorna Niedner to Vice President

Franklin Savings Bank announced that Lorna Niedner, Jay branch manager, has been promoted to vice president. Niedner has been with Franklin Savings Bank for 27 years. Since becoming the Jay branch manager in 2005, she has demonstrated tremendous leadership and resourcefulness in the face of an adverse local economy. While the closing of a mill could have been disastrous to the branch, Niedner worked diligently with her staff and her customers to address the many issues resulting from the closure and the lost employment opportunities in the area. Niedner has also tapped into her background as a loan processing supervisor and lender by enabling her branch to take on bankwide responsibilities for underwriting and processing for all home equity loans from the Jay office.

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