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About Our Merger with Kennebec Federal Savings

We are honored to take this exciting next step into our future with you.


Update on our merger with Kennebec Federal Savings

August 2020

Last month, we shared our intent to merge with Kennebec Federal Savings in Waterville. Since this announcement, our teams at KSB and KFS have been working together to move through the many complex steps necessary to complete the merger.

I am pleased to share that thanks to everyone’s hard work, our application has been accepted by the State of Maine and we have now entered a 30-day public comment period. This action makes it possible to work with our financial services vendors to establish firm date for when the merger/transition will take place. At this juncture, we plan to complete the merger on March 8, 2021.

As promised, I will continue to keep you updated as we move through this process.


Andrew E. Silsby
President & Chief Executive Officer


Announcing our merger with Kennebec Federal Savings

July 2020

In the next 5-8 months, Kennebec Savings Bank will merge with Kennebec Federal Savings, another outstanding community bank that has been serving the people of Waterville for over 80 years. Like KSB, they are well known for their personal approach, excellent customer service, and strong commitment to the community.

And that’s why this merger is the right next step into our future. Together, we will be able to offer more products, services, and convenient branch locations, but with the very same commitment to our customers and community.

To put it simply: all of the great employees, community involvement, and financial services you love will continue to serve you. And then some!

Where can I learn more?

We understand that you will have many questions as we move forward with the merger. Rest assured that we are committed to keeping you informed and making this a smooth transition for all.

Please also feel free to reach out to our branch staff should you have questions specific to your own financial situation.


Andrew E. Silsby
President & Chief Executive Officer