enduring strength. unwavering commitment. 2015 · 2017. 5. 22. · on may 9, 1894. president...
TRANSCRIPT
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2015ANNUAL REPORT
ENDURING STRENGTH. UNWAVERING COMMITMENT.
MEMBER FDIC NORWAY BANCORP, MHC SINCE 1866
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It is such a pleasure to address the great year we experienced in 2015, not only because it was a strong one for Norway Savings Bank, but because it’s the year that leads us to our 150th Anniversary. One hundred and fifty years... It is such an enormous milestone. Not only surviving, but in fact thriving for a century and a half, is a tremendous accomplishment. I am humbled and delighted to lead the Bank as we recognize our history, and make exciting plans for the future.
There are many reasons Norway Savings Bank has enjoyed such longevity. But, of course, it comes down to our customers. You are at the forefront of every benchmark we celebrate and every decision we make. We honor you by staying true to the values on which we were founded 150 years ago: honesty, hard work, mutual respect, and community leadership. These are the very values that made this past year so successful.
In 2015, we achieved record earnings and grew the balance sheet to over $1 billion in assets. Norway Savings Bank is now the third largest Maine-based mutual bank. We grew our loans, deposits, asset management accounts, and GenGold sales. We installed a new loan origination system, implemented advanced email marketing techniques, and began the job of issuing EMV chip-enabled debit cards to our customers.
These financial achievements allowed us to attain another founding goal this past year: giving back. In 2015, Norway Savings Bank supported more than 400 nonprofits with donations and
sponsorships. In addition to serving on boards and committees of 45 different organizations in our service area, our employees volunteer their time and talent in a variety of ways including: working with high school students on interviewing and communicating in a business setting; empowering students with developmental disabilities to open and operate their own bank accounts; guiding professional millennials on the role and impact of philanthropy; fostering the humane treatment of animals; teaching financial literacy; and leading Boy and Girl Scout troops. These are just a few examples of how the spirit of giving is alive and well at Norway Savings Bank.
As we move into our 150th year, we focus on continued growth and development of existing markets, new technology research and implementation, as well as improving the overall customer experience. We will introduce both Apple Pay and Samsung Pay. And we will explore Customer Relationship Management systems in an effort to enhance efficiency and provide greater customer service.
Please enjoy this brief walk through our history on the pages of this report. And know that as we celebrate our anniversary, what we’re really celebrating is you, our customers. Thank you for 150 years of trust, dedication, and teamwork. We are proud to be your steadfast partner and look forward to continuing to serve you and strengthen our communities for years to come.
—PATRICIA WEIGEL, PRESIDENT & CEO
FRIENDS & NEIGHBORS
PRESIDENT GUNNISONNathanial Gunnison becomes the Bank’s first president.
FIRST LOGOBank’s first logo is created.
FIRST DEPOSIT First deposit of $5 is made on April 3, 1866. (In 1941, this account was still on the books and had grown to $362.75.)
FIRST BUILDINGBank moves into its first official building in downtown Norway.
BANK FOUNDEDFourteen men with a clear vision for a new local bank come together to form Norway Savings Bank.
1866 1866 1866 1866 1867
DEAR
2
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OUR
PRODUCTS & SERVICES
PRESIDENT NOYES Robert Noyes becomes the Bank’s third president.
PRESIDENT TUCKER Cyrus Tucker becomes the Bank’s fourth president.
FIRE DAMAGE Fire destroys Bank building on May 9, 1894.
PRESIDENT KIMBALL Alfred S. Kimball becomes the Bank’s fifth president.
PRESIDENT BEALEzra Beal becomes the Bank’s second president.
1869 1872 1888 1894 1900
Investment ManagementEstate PlanningTrust Services
ASSET MANAGEMENT GROUP
NOT FDIC INSURED
NO BANK GUARANTEE
MAY LOSE VALUE
Norway Savings Building from 1894-1956
Checking, Savings, CDs, and IRAs GenGold® Savings Program Health Savings AccountsDebit | ATM CardsHome MortgagesHome Equity Lines of CreditConstruction LoansAuto, Boat, and Other Personal Loans
PERSONAL BANKING
Internet BankingBill Paye-StatementsMobile BankingOnline Account OpeningTelephone BankingMaine Cash AccessSM ATM Alliance
OTHER SERVICES
Checking and Savings AccountsDebit | ATM CardsCash Management ServicesinBusiness Remote DepositCommercial LoansConstruction LoansLines of CreditEquipment LoansAgency Guaranteed Loans
BUSINESS BANKING
3
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PRESIDENT JONESWilliam F. Jones becomes the Bank’s seventh president.
PRESIDENT CURTISGeorge Leon Curtis becomes the Bank’s eighth president.
PRESIDENT GOODWINStuart W. Goodwin becomes the Bank’s ninth president.
NEW BUILDINGNew building is constructed for the Bank in Norway.
PRESIDENT NOYESFrank H. Noyes becomes the Bank’s sixth president.
1915 1925 1931 1955 1956
In 1866, fourteen men came together to form a bank that would stand the test of time. We are honored to celebrate 150 years, and we owe it to our faithful customers and the values on which we were founded. We’ve experienced tremendous growth and evolved with the industry — and through it all kept our principles intact. Paramount among those principles is our commitment to fiscal responsibility. This past year is a testament to that commitment as we reached an exciting milestone of breaking $1 billion dollars in assets. We are excited to see what the next 150 years bring, and to continue serving the great people of Maine.
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$1.6m1930
$19.4m1970
$9.3m1960
$199m1990
$61.6m1980
$4.3m 1950
$514k1910$237k
1890 $78k1870
$369m2000
$1.03b2015 $948m
2010
A centuryand a half
of steady growthempowered us to break
$1 Billion in assets in
$1.9m1940
YEARS STRONG
PRESIDENT WOODMANHerman A. Woodman becomes the Bank’s eleventh president.
BRIDGTON BRANCHBank’s first official branch opens in Bridgton.
PRESIDENT CUMMINGSCharlesCummings becomes the Bank’s twelfth president.
PRESIDENT PIKEL. Fred Pike becomes the Bank’s tenth president.
1963 1967 1969 1971
2015.5
DAVID WYMANDavid Wyman joins the Bank, and remains with Norway Savings for more than 42 years, the longest employee in Bank history. He retires in 2013.
1971
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ASSETS 12/31/15 12/31/14
Cash on Hand and in Banks $27,352,842 $29,015,793
US Government Bonds & Agencies* $13,931,908 $6,979,123
Mortgage-Backed Securities* $19,740,555 $24,825,844
Municipal Bonds* $17,052,355 $17,090,224
Corporate Stock* $48,876,986 $39,165,963
Residential Real Estate Loans $417,502,275 $412,320,731
Commercial Real Estate Loans $309,347,007 $298,393,111
Business Loans $56,494,500 $51,621,626
Other Loans $43,465,285 $38,818,867
Allowance for Loan Loss ($8,492,128) ($8,685,909)
Federal Funds Sold $504,108 $503,689
Real Estate Owned $31,890,171 $32,340,473
Furniture and Equipment $5,137,393 $5,754,463
Investments in Unconsolidated Subsidiaries $65,585 $65,585
Goodwill & Other Intangible Assets $7,215,407 $7,414,520
Other Assets $35,057,044 $38,614,569
TOTAL ASSETS $1,025,141,293 $994,238,672
LIABILITIES 12/31/15 12/31/14
Amount Due Depositors $845,958,483 $809,929,197
Other Liabilities $11,116,026 $13,612,461
Other Borrowings $27,472,843 $37,964,051
Reserve Funds and Undivided Profits $140,593,941 $132,732,963
TOTAL LIABILITIES $1,025,141,293 $994,238,672
*Listed at market value.
SACO BRANCHSaco Branch opens (originally with Coastal Bank).
FRYEBURG BRANCHFryeburg Branch opens at 557 Main Street.
PRESIDENT HALLG. Freeman Hall becomes the Bank’s thirteenth president.
BRAND UPDATEBank logo is redesigned.
PRESIDENT MONTPELIERPeter Montpelier becomes the Bank’s fourteenth president.
1972 19781973 1974 1976
CONDITIONSTATEMENT OF
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Statement has not been reviewed or confirmed for accuracy or relevance by the FDIC.
Statement as of December 31, 2015.
GROSS OPERATING INCOME
Interest on Bonds $1,258,196
Dividends on Stock $1,091,213
Interest on Loans $37,763,033
Other Interest Income $255,351
Total Interest Income $40,367,793
Interest Expense $2,702,738
NET INTEREST INCOME $37,665,055
Other Income $8,376,635
Allowance for Loan Loss $375,000
Operating Expense $35,268,484
Core Earnings $10,398,206
Security Gains (Loss) $2,337,452
Income Before Taxes $12,735,658
Estimated Income Tax $3,518,345
INCOME AFTER TAXES $9,217,313
BRAND UPDATEBank logo is redesigned.
NAPLES BRANCHNaples Branch opens.
BRUNSWICK BRANCHBrunswick Branch opens at 83 Maine Street (originally with Coastal Bank).
SOUTH PARIS BRANCHSouth Paris Branch opens at 7 High Street.
1979 1981 1981 1984
TOTAL ASSETS(IN MILLIONS)
‘10 ‘11 ‘12 ‘13 ‘14 ‘15
$1,020
$1,000
$980
$960
$940
$920
$900
$880
$860
$840
$820
INCOME AFTER TAXES (IN MILLIONS)
$9.0
$8.5
$8.0
$7.5
$7.0
$6.5
$6.0
$5.5
$5.0‘10 ‘11 ‘12 ‘13 ‘14 ‘15
OPERATIONSSTATEMENT OF
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NEW COMPUTER SYSTEMBank implements a new computer system to increase efficiency and service.
1985
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EXECUTIVE
Patricia Weigel, President & CEO
Pam Veilleux, Assistant Vice President, Executive Administration
BUSINESS BANKING
Daniel Walsh, Senior Vice President, Senior Commercial Lender
Carolyn S. Thomas, Senior Vice President, Commercial Credit Administration & Loan Servicing
Melissa E. Babineau, Vice President, Cash Management Manager
Pamela J. Bowerman, Vice President, Commercial Lending
Janice Brown, Assistant Vice President, Commercial Loan Administration
Jeffrey Cusack, Vice President, Commercial Credit Department Manager
Jack Day, Regional Vice President, Commercial Lending
Brian Desjardins, Vice President, Commercial Lending
Ethan Gamage, Assistant Vice President, Commercial Portfolio Manager
Talley Estes, Assistant Vice President, Commercial Loan Administration
Richard R. Flagg, Regional Vice President, Commercial Lending
Steven P. Flynn, Vice President, Senior Commercial Credit Analyst
Peter H. Godsoe, Regional Vice President, Commercial Lending
Noel Graydon, Regional Vice President, Commercial Lending
Anita Hamilton, Assistant Vice President, Senior Commercial Credit Analyst
Robert C. Harville, Assistant Vice President, Commercial Lending
Tim Michalak, Vice President, Commercial Lending
Dana Myles, Vice President, Commercial Lending
Ian Pullen, Assistant Vice President, Commercial Lending
Janet S. Ross, Vice President, Special Assets Officer
Todd Schryer, Assistant Vice President, Commercial Appraisal Reviewer
William W. White III, Vice President, Commercial Lending
PERSONAL BANKING
Darci Hamm, Senior Vice President, Retail Banking
Jennifer Bell Corbett, Vice President, Mortgage Sales Manager
Randy Easler, Vice President, Retail Loan Center Manager
Jill French, Assistant Vice President, Customer Care Center Manager
Andrea Osgood, Regional Vice President, Retail Banking
Louis Paquet, Assistant Vice President, Retail Collections Manager
Terry Seavey, Regional Vice President, Retail Banking
Peggy Tilton, Vice President, Retail Regional Operations
Debora Ward, Vice President, Retail Regional Operations
BRANCHES & CONSUMER LENDERS
Lenora “Lennie” H. Burke, Vice President & Market Manager, Maine Street & Cooks Corner, Brunswick & Freeport
Iva A. Carroll, Vice President & Windham Branch Manager
Kristen Charette, Vice President & Fryeburg Branch Manager
Holly M. Chase, Vice President, Personal & Small Business Development
Tina M. Croteau, Vice President, Personal & Small Business Development
Kaleigh Gerity Deering, Vice President & Market Manager, Congress Street & Forest Avenue, Portland
Linette Dehetre, Assistant Vice President & Auburn Branch Manager
Maria Edwards, Vice President & Yarmouth Branch Manager
Michael Scott Grass, Assistant Vice President & Market Manager, Norway & South Paris
Jason P. Fitzgerald, Vice President & Branch Manager, Kennebunk & Saco
Kyle W. Hodgkins, Vice President & Exchange Street, Portland Branch Manager
Karry R. Kane, Assistant Vice President & Topsham Branch Manager
Kathryn A. Letourneau, Vice President Retail & Indirect Lending Officer
Sherrie L. Maietta, Assistant Vice President & South Portland Branch Manager
Mary Metcalf, Vice President, Personal & Small Business Development
Erin L. Nelson, Assistant Vice President & Market Manager, Bridgton & Naples
William J. Onorato, Vice President & Scarborough Branch Manager
Christine C. Peterson, Vice President & Falmouth Branch Manager
Gerald Scott Smith, Vice President & Bethel Branch Manager
Kelly J. Sturmer, Assistant Vice President & Market Manager, Gorham & Standish
ASSET MANAGEMENT GROUP
Jennifer C. Schumacher, Senior Vice President, Senior Trust Officer
Brian J. Bernier, Vice President, Investment Officer
Kurt C. Garascia, Vice President, Investment Officer
Mary Leavitt, Vice President, Senior Trust Officer
Brittany L. Robidoux, Assistant Vice President, Trust Officer
FINANCE & FACILITIES
Brian Shibles, Executive Vice President & Treasurer
Charles Williams, Vice President, Finance & Accounting
Sharon E. Breytenbach, Assistant Vice President, Accounting
Michael Noble, Vice President, Facilities & Purchasing
OFFICERS
TOPSHAM BRANCHTopsham Branch opens at 47 Topsham Fair Mall Road (originally with Coastal Bank).
FREEPORT BRANCHFreeport Branch opens at 8 Mallett Drive (originally with Coastal Bank).
BRAND UPDATEBank’s logo is redesigned, and a version of the “N” icon we know today is introduced.
BEST MAINE BANK AWARDBank is deemed “Best Maine Bank” by Money Magazine
1985 1986 1990 1995
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WINDHAM BRANCHWindham Branch opens.
1988
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HUMAN RESOURCES
Richelle Wallace, Senior Vice President, Human Resources
Tricia L. Brooks, Assistant Vice President, Human Resource Operations
Mary Hewett, Vice President, Employee Development & Training Manager
Amy Marshall, Assistant Vice President, Senior Employee Development Specialist
Brian Robinson, Vice President, Employee Relations & Recruiting Manager
MARKETING
Karen Hakala, Senior Vice President, Marketing
RISK MANAGEMENT & OPERATIONS
Steven Whitney, Executive Vice President, Risk Management, Deposit Operations & IT
Bobbie-Jo Chase, Assistant Vice President, Deposit Operations
Janice de Lima, Assistant Vice President, CRA Officer
Rhonda Ferrara, Vice President, Compliance Officer
Vicky Libby, Vice President, Loan Servicing
Christine McMann, Assistant Vice President, Senior Operational Support Applications Analyst
Debra McPhail, Vice President, Deposit Operations
Nancy Stroud, Assistant Vice President, BSA Program Analyst
Barry Towle, Vice President, Security Officer
Tavia Wirths, Vice President, Internal Audit Manager
INFORMATION TECHNOLOGY
Ann Brett, Senior Vice President, Chief Technology Officer
Ray Charest, Vice President, IT Network Manager & Administrator
Brenda Moore, Vice President, IT Mainframe Manager
MUTUAL HOLDINGCOMPANYBank forms a Mutual Holding Company to further protect depositor ownership.
PORTLAND BRANCHPortland Branch opens at 120 Exchange Street (originally with Coastal Bank)
MAINE CASH ACCESSSM ATMBank joins 11 other Maine community banks to give customers additional access to surcharge-free ATMs throughout the state.
BETHEL BRANCHBethel Branch opens at One Parkway.
1996 1997 1997 1999
Construction preparation in 1978
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BRAND UPDATEBank logo is redesigned with new tagline, Specializing in Maine Banking.
1999
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MANAGEMENTSENIOR
PRESIDENT HARMONRobert Harmon becomes the Bank’s fifteenth president.
ECONOMIC DEVELOPMENT AWARDBank wins Outstanding Contribution to Economic Development from Southern Maine Economic Development District.
PORTLAND BRANCHPortland Branch at 1200 Congress Street opens (originally with Coastal Bank).
COASTAL BANK MERGERBank merges with Coastal Bank, creating the fourth largest Maine-based bank.
SOUTH PORTLAND BRANCHSouth Portland Branch opens at 207 Waterman Drive.
20022000 2000 2000 2001
PATRICIA WEIGEL President & Chief Executive OfficerPat joined Norway Savings in 2001 and has worked in the banking industry for more than 25 years. She is active in the community and serves on the boards of Norway Savings Bank and Western Maine Health. Pat also serves as a board member of the Maine Winter Sports Center and is a member of the Professional Development Council of the American
Bankers Association (ABA). Pat is also a member of the Executive Committee of the Maine Bankers Association. She is a graduate of Denison University.
ANN BRETT Senior Vice President, Chief Technology OfficerAnn joined Norway Savings in 1983 and has been a member of the IT department since 1986. In 2005, she became the Network Administrator and in 2012 was promoted to her current position, where she is responsible for the overall management of Information Technology and Information Security. Ann holds an Associate’s degree in Business
Administration, is a graduate of the New England School for Financial Studies, and graduated with honors from the National School of Banking, ABA Stonier Program in 2012.
BRIAN SHIBLES Executive Vice President & TreasurerBrian began his career with Norway Savings in 2002, was promoted to Chief Financial Officer in 2006, and was elected Treasurer in 2013. In addition to overseeing the Bank’s financial accounting, budget and investments, he is involved in many of the Bank’s strategic initiatives, including asset and liability management, new product development and
facilities-related initiatives. In 2008, Brian graduated from the National School of Banking at Fairfield University as class valedictorian.
KAREN HAKALA Senior Vice President, Marketing Karen joined Norway Savings in 1997. She oversees the Bank’s marketing functions and plays an integral role in the Bank’s strategic initiatives, including product development, technology implementation, brand development, and the design and branding of new branches. Karen has a Bachelor of Science degree in Leadership & Organizational Studies
from the University of Southern Maine. She is also a graduate of the American Bankers Association’s School of Bank Marketing and holds a Certified Financial Marketing Professional (CFMP) designation.
STEVEN WHITNEYExecutive Vice President, Risk Management, Deposit Operations & Information TechnologySteven began his career with Norway Savings in 2006 and has been instrumental in the Bank’s risk management process. He plays an important role in many of the Bank’s strategic initiatives and recently took on responsibility for the Deposit Operations and IT departments. Steve currently serves on
the NEACH (New England ACH) Board of Directors. Steve earned both a Bachelor of Science with Honors in Management and an MBA from Northeastern University. He is also a graduate of the Executive Program at MIT and the Federal Reserve System Leadership Institute at Northwestern University.
DARCI HAMM Senior Vice President, Retail BankingDarci has worked in the banking industry for over 20 years and began her career with Norway Savings Bank in 1999. As Senior Vice President & Retail Banking Officer, Darci oversees all retail banking functions, including branch administration, customer care, retail lending, and asset quality. Darci holds a Bachelor of Science degree in Business Administration,
graduating from the University of Maine and the New England School of Banking. Darci serves on the boards of Norway Downtown and Oxford SACC.
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BRAND UPDATEBank logo is redesigned.
GORHAM BRANCHGorham Branch opens at 65 Main Street.
2005 2005
ASSET MANAGEMENT GROUP LAUNCHESLisa Rideout and her team launch the AMG, offering investment management and trust services.
SCARBOROUGH BRANCHScarborough branch opens at 158 US Route One.
2003 2003
JENNIFER C. SCHUMACHERSenior Vice President, Senior Trust OfficerJennifer joined Norway Savings in 2005 and has been working with trust and investment management clients for 25 years. Her area of expertise includes estate and financial planning for individuals and nonprofits. Jennifer graduated from the University of Maine with a Bachelor of Science in Marketing. She attended Cannon Financial Institute, graduating from the Personal Trust
Program in 1996 and Personal Trust Graduate Program in 2008. She earned her designation as a Certified Trust and Financial Advisor (CTFA) in 1997. Jennifer serves on the Board of Trustees for Seventy-Five State Street as well as the finance committee. She is also a member of the Maine Estate Planning Council.
DANIEL WALSH Senior Vice President, Senior Commercial LenderDan has nearly 30 years of banking experience, joining Norway Savings in 1997 as a Vice President & Commercial Lender. As Senior Vice President & Senior Commercial Lender, Dan oversees all commercial banking functions, including business development, asset quality, and portfolio management. Dan earned a Bachelor of Science in Finance
from Salem State University and an MBA from Southern New Hampshire University. He also attended the American Bankers Association National Graduate School of Banking, where he distinguished himself as valedictorian.
CAROLYN THOMAS Senior Vice President, Commercial Credit Administration & Loan ServicingCarolyn has worked in the banking industry for 30 years. She began her career with Norway Savings in 1999 and is responsible for administering the Bank’s commercial loan policies and procedures, commercial credit underwriting, commercial loan administration, commercial compliance,
special assets, and the Bank’s Loan Operations department. Carolyn has a Bachelor of Arts degree in Mathematics and Economics.
RICHELLE WALLACE Senior Vice President, Human Resources Richelle joined Norway Savings in 2005 and has over 30 years of progressive human resources, business operations, and leadership experience. She aligns talent initiatives with the Bank’s mission, vision, and strategic direction. Richelle has a Master’s Degree in Human Resources Development and a Bachelor’s Degree in Business Administration. She is an honors graduate of the Graduate School of Banking at
Colorado. Richelle is certified as a Senior Professional in Human Resources (SPHR) and a Senior Certified Professional (SHRM-SCP). She is currently appointed by the Governor to serve on the Maine Worker’s Compensation Board.
Lisa (below right) joined Norway Savings in 2003 to create the Asset Management Group, a full-service Trust and Investment Department. Under her leadership the AMG has grown to over $200 million in managed assets, and is a profitable line of business for the Bank. The AMG team, now led by Jennifer Schumacher (below, seated, center), will continue to offer their unique brand of personalized services to individuals, trusts, and nonprofits in our communities.
LISA RIDEOUT RETIRES IN 2016 FROM AMG
CONGRATULATIONS TO LISA ON HER RETIREMENT!
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STANDISH BRANCHStandish Branch opens at 88 Ossipee Trail East.
2007
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Fryeburg
Bridgton
Bethel
Norway South Paris
Auburn
Topsham
Cooks CornerBrunswickGray
Freeport
Yarmouth
Falmouth
Portland: Exchange Street, Congress Street, and Forest Avenue
South PortlandScarborough
Saco
Gorham
Naples
Standish
Windham
LOCATIONSBRANCH
BEST PLACES TO WORKBank is recognized by the Society for Human Resource Management’s Maine State Council.
OPERATIONS CENTEROperations Center opens on Main Street in Norway to accommodate the expanding team.
COLORFUL SOLUTIONSBank launches Colorful Solutions Campaign, using color to express the energy and spirit of the Bank, its people, and its services.
BRAND UPDATEBank logo is refined again to include the Colorful Solutions tagline.
BEST PLACES TO WORKBank is, once again, deemed one of the Best Places to Work in Maine by the Society for Human Resource Management’s Maine State Council.
20082007 20082008 2008
Kennebunk
12
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BRUNSWICK
Maine Street
83 Maine Street
Brunswick, ME 04011
(207) 725.5591
FALMOUTH
266 US Route 1
Falmouth, ME 04105
(207) 781.7450
FREEPORT
8 Mallett Drive
Freeport, ME 04032
(207) 865.6141
FRYEBURG
557 Main Street
Fryeburg, ME 04037
(207) 935.2051
GORHAM
65 Main Street
Gorham, ME 04038
(207) 222.1502
AUBURN
31 Court Street
Auburn, ME 04210
(207) 782.2700
BETHEL
One Parkway, Suite 100
Bethel, ME 04217
(207) 824.4989
BRIDGTON
1 Harrison Road
Bridgton, ME 04009
(207) 647.3344
BRUNSWICK
Cooks Corner
14 Gurnet Road
Brunswick, ME 04011
(207) 725.4303
GRAY
1 Libby Hill Road
Gray, ME 04039
(207) 791.2121
KENNEBUNK
68 Portland Road
Kennebunk, ME 04043
(207) 985.4001
NAPLES
621 Roosevelt Trail
Naples, ME 04055
(207) 693.6224
NORWAY
Main Office
261 Main Street
PO Box 347
Norway, ME 04268
(207) 743.7986
PORTLAND
Congress Street
1200 Congress Street
PO Box 8550
Portland, ME 04102
(207) 774.5000
PORTLAND
Exchange Street
120 Exchange Street
Portland, ME 04101
(207) 879.4307
PORTLAND
Forest Avenue
446 Forest Avenue
Portland, ME 04101
(207) 772.0017
SACO
569 Main Street
Saco, ME 04072
(207) 282.6121
SCARBOROUGH
158 US Route 1
PO Box 1599
Scarborough, ME 04070
(207) 885.0742
SOUTH PARIS
7 High Street
South Paris, ME 04281
(207) 743.9771
SOUTH PORTLAND
207 Waterman Drive
South Portland, ME 04106
(207) 741.9100
STANDISH
88 Ossipee Trail East
PO Box 489
Standish, ME 04084
(207) 642.1290
TOPSHAM
47 Topsham Fair Mall Road
Topsham, ME 04086
(207) 725.5950
WINDHAM
10 Franklin Drive
Windham, ME 04062
(207) 892.3339
YARMOUTH
688 US Route 1
Yarmouth, ME 04096
(207) 846.8701
SETH WESCOTTWorld Champion Snow Boarder Seth Wescott becomes spokesperson for the Bank.
YARMOUTH BRANCHYarmouth Branch opens at 688 US Route One.
WELLNESS PROGRAMBank launches the Wellness Program to inspire and reward healthy employees.
SMART ATMSSmart ATMs are introduced, allowing customers to make electronic transactions previously unavailable, such as depositing checks.
2009 2009 2010 2010
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COMMUNITY PARTNERSHIP AWARDBank wins Community Partnership Award from Strive U.
2010
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Senior Vice President David Wyman and President and CEO Peter Montpelier hold up the model of the expansion project of 1986.
KENNEBUNK BRANCHKennebunk Branch opens at 68 Portland Road.
PRESIDENT WEIGELPatricia Weigel becomes the Bank’s 16th, and first female, president.
MOBILE BANKINGBank’s Mobile platform is launched.
ANGELA BANCROFT,DAVE COWENS, + JOSH KENNISON JOIN TEAMBank’s Sports Marketing platform expands with three exceptional athletes.
BEST BANK TO WORK FOR AWARDBank named Best Bank to Work For by American Banker and Best Companies Group.
201320122011 2012 2013
14 David Wyman and Peter Montpelier hold up the model of the expansion project of 1986.
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CORPORATORS HONORARY DIRECTORSAllen Bancroft
Richard Gaisford, CPA
Charles F. Gauger, DVM
Francis H. Shorey
In Memoriam
Stuart Cummings
R. Elizabeth Baird
Angela Bancroft
Mark Bancroft
Lance Bean, CPA
Eugene Benner
Rick Bennett
Brenda Birney
Robert Bizier
William Chalmers
Andrew Charles
Timothy Churchill
Peter Connell
David Cowens
C. Bradley Cummings
James Detert
Edward Dilworth III, Esq.
David Dow, Esq.
Rev. John Ellis
Larry E Farmer, OD
MaryEllen FitzGerald
Todd Gauger, DVM
William Goddard
Stuart W. Goodwin, II
Deborah Hammond-Harlow
Gregory Hardy, MD
Suzanne Hardy
Robert A. Harmon, CPA
David E. Hoisington, CPA
Robert Holden
Shirley Huff
Debi Irons
William Johnson
Josh Kennison
Jacqueline Kim
Myung Kim, DMD
David Kumaki, MD
David Longstaff
Peter McAlaney
Jill McGowan
Daniel Meyer
Michael Meyer
Ed Michaud
Nancy Michaud
Shawn Moody
Ted Morton
Tom Morton
Howard Munday
Katy Noonan
Peter W. Oberg
Jay Partridge
John Peters
John Pinto
Jamey Pittman
Gina Poland
Heath Poland
Lloyd Poland
David Preble
Michael Quinn
Donald W. Raye
Lisa Rideout
Brian E. Shibles
Edward Simensky, CPA
Ronald S. Smith, Jr.
Jonathan Spak
William Stockwell
Robert Story, MD
Barbara Traficonte
Freda Truman
Donald E. Ware, MD
Patricia Weigel
Steve Wentworth
Seth Wescott
John Weston
Valerie Weston
Nancy Stowell White
William W. White III
Steve Whitney
John Williams
Wendy Williams
David L. Wyman
Holly Young
AUBURN BRANCHAuburn Branch opens on 31 Court Street.
PORTLAND BRANCHPortland Branch opens at 446 Forest Avenue.
GRAY BRANCHGray Branch opens at 1 Libby Hill Road.
WORK HEALTHY AWARD Bank receives Gold Level Work Healthy Award by Healthy Androscoggin and Healthy Oxford Hills.
NORWAY SAVINGS BANK ARENABank sponsors Auburn ice rink.
2013 2013 2014 2014 2015
BOARD OF DIRECTORSEugene Benner
William Chalmers
David Dow, Esq.
MaryEllen FitzGerald
Robert A. Harmon, CPA, Chairman
David E. Hoisington, CPA, Vice Chairman
John Peters
Edward Simensky, CPA
Patricia Weigel, President & CEO
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261 MAIN STREET, PO BOX 347, NORWAY, ME 04268 • 1.888.725.2207 • NORWAYSAVINGSBANK.COM
Colorful Solutions by Barbara Traficonte
http://norwaysavingsbank.com/