Dear Friends and Neighbors,
Throughout our 150-year history, Kennebec Savings Bank has been committed to delivering the best possible banking experience to our customers. Although we face uncharted waters at the present time, one thing remains certain – the financial institution you rely on is financially strong and well capitalized, ensuring we are more than ready to handle these circumstances.
Here’s why your trust in us is well-placed:
Safety and security – guaranteed. Your money is safest in an FDIC-insured institution. Since 1933, no depositor has ever lost a penny of FDIC-insured funds. For those people who would like to move their accounts to Kennebec Savings Bank, it is as easy as clicking or calling us today.
Five-star rated. Kennebec Savings Bank is among only 4% of banks in the country to have received BauerFinancial, Inc.’s five-star rating as a superior institution for 120 consecutive quarters (that’s 30 straight years). This recognition is a testament to our consistent dedication to meeting the needs of our customers and community.
We’re here for you. To support our customers who may be experiencing financial hardship, we have implemented a 60-day loan deferment program on existing loans with the Bank. Our team is available to work with you one-on-one to identify the best possible solution for your unique circumstances. This is something we are very good at and why we have earned the trust of so many of our friends and neighbors. Simply put – we’re in this together and we will get through this, together!
Community-focused when it matters most. We are well-positioned to continue to be a resource for impactful community support. In the last two weeks, we are proud to have donated $10,000 each to the United Way of Kennebec Valley and the United Way of Mid-Maine to help launch COVID-19 Relief Funds. We also joined other Maine-based banks and the Maine Bankers Association to collectively donate over $61,000 to food pantries in our Maine communities.
We have weathered many storms in our 150-year history, including the 2008 financial crisis. Although the COVID-19 emergency presents its own unique set of challenges, Kennebec Savings Bank remains in a strong financial position and will remain a safe haven for your money. Please feel free to reach out to me should you have questions or concerns.
Thank you for placing your trust in us. Working together, we will get through this event, too.
Andrew E. Silsby
President & Chief Executive Officer