Photo / Courtesy Franklin Savings Bank
David Stolt
June 11, 2025
Franklin Savings Bank adds to its residential and consumer lending team
Franklin Savings Bank, which operates eight branches in Maine, has hired David Stolt as senior vice president and director of residential and consumer lending.
In this role, Stolt succeeds long-term employee Lorna Niedner and will lead the bank’s residential and consumer lending teams to continued success.
"I’m honored to be part of a community-focused institution with such a strong reputation for customer service and integrity," said Stolt. "I look forward to working with the team to support our customers and help them achieve their financial goals."
Stolt brings experience in community banking with a diverse background spanning lending, compliance, credit, and underwriting. He has also worked with the Maine Bureau of Consumer Credit Protection, Maine Community Bank, Northeast Bank, Avesta Housing and others.
“His expertise in lending and compliance, combined with his strategic vision, will be instrumental in driving innovation and growth within our residential and consumer lending teams," said Tim Thompson, president and CEO. "We are confident that his presence will uphold the longstanding commitment to personalized service and community-focused banking that defines Franklin Savings Bank.”
The Augusta resident received his bachelor's degree in journalism from the University of Maine.
Franklin Savings Bank, based in Farmington, has offices in Ellsworth, Farmington, Jay, Rangeley, Rumford, Skowhegan, Wilton and inside Mt. Blue High School. The bank was founded in 1868 and today employs more than 140 people.
Franklin Savings was ranked No. 18 among the largest Maine-based banks in the 2025 Mainebiz Book of Lists, based on assets of $693.6 million as of June 30, 2024.
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