AUGUSTA – Kennebec Savings Bank President & CEO Andrew Silsby recently announced the promotion of three employees to the role of vice president.
Jessica Norton has been promoted to vice president and deposit operations officer. Hired in 2012, Norton directs the activities of the Operations Department to ensure exceptional, timely and accurate support on the bank’s products and services.
Angela Robbin has been promoted to vice president regulatory counsel, CRA & compliance officer. Robbin, who joined the bank in 2018, is responsible for providing counsel and analysis on regulatory issues affecting the bank’s operations and overseeing the bank’s compliance program.
Nicolas Patenaude has been promoted to vice president and assistant treasurer. Patenaude joined the bank in 2008 as a summer intern. After participating in the bank’s management trainee program the following year, he was promoted to loan officer before transitioning to roles of increasing responsibility in finance.
“Jessica, Nicolas and Angela are exceptional members of our team, and we are pleased to recognize their hard work and achievements with these promotions,” said Silsby, in a news release from the bank.
Source guide for doing business in Maine to be released
Mainebiz is releasing a source for doing business in Maine on Aug. 2. The Mainebiz Fact Book is an annual resource guide for companies doing business in Maine or looking to start, expand or relocate to Maine. The publication provides information that gives owners and senior managers data and statistics from sources on a national, statewide, regional and local basis to provide the business community with a clear picture of the Maine marketplace.
Fact Book 2021 Features:
• A list of municipal, state and federal incentive programs for businesses.
• Data on Maine’s workforce.
• An overview of Maine’s infrastructure on how businesses can get their products to market.
• Stories of innovation and research and development.
• Info about the factors that make the quality of life here in Maine so desirable.
• Lists of business resources.
• Interviews with Maine CEOs about why they choose to do business in Maine.
• Listings of facilities to help guide companies who host business meetings and events.
This publication is distributed to 39,000 Maine business decision-makers as well as companies outside of Maine with connections to the state. The print edition and links to a digital edition are sent to companies outside of Maine who are targeted by economic development organizations as good prospects to relocate to Maine.
The 2021 Mainebiz Fact Book is sponsored by Bernstein Shur, Dale Carnegie, Kennebec Savings Bank and Maine International Trade Center.
Central Maine Power Co. improves Farmingdale area reliability
AUGUSTA — Central Maine Power Co. has improved power reliability for more than 3,300 residents of Farmingdale, Hallowell and Gardiner by making improvements to the circuits served by the Brown’s Crossing substation on Kennebec Drive in Farmingdale. Recent outages had been traced to underground infrastructure outside the substation. Underground system challenges are generally harder to diagnose and repair, however CMP determined that a handful of outages last winter in these towns could be traced back to these components.
CMP removed the cables underground at the substation, set several poles in front of the facility and restrung the conductor wire overhead to two circuits served by the substation.
“We often hear from customers that they assume underground wiring is more reliable, because it isn’t impacted as much by trees and storms,” said Kevin Therriault, director of substation operations, according to a news release from CMP. “In this case, however, the freezing, thawing and various ground conditions created damage to the underground wires which led to faults and outages. Putting the wires overhead will allow us easier and faster access for any necessary repairs that may be required in the future.”
CMP has invested more than $100,000 in upgrading the performance and reliability of the Brown’s Crossing substation, an investment that will prevent local outages.
For more business news, visit CentralMaine.com.