Franklin Savings Bank chairman retires, former president succeeds him
Courtesy / Franklin Savings Bank
Peter Judkins, left, became chairman of Franklin Savings Bank, succeeding Richard Walker, right, who has retired.
Franklin Savings Bank's chairman, Richard Walker, has retired, and the board of directors has named a former president of the bank, Peter Judkins, to succeed him.
Walker was elected chairman in 2017 and has been a member of the board since 1991 at the community bank, which is headquartered in Farmington and has seven branches.
Walker recently sold his accounting and consulting practice and home in Rangeley and has relocated to the coast of Maine with his wife Anne.
“Franklin Savings Bank is a pillar in the communities we serve. We take great pleasure in helping our neighbors succeed and accomplish their financial visions,” he said in a news release. “It’s bittersweet to retire from this influential board of directors but I am confident that Peter will ensure a seamless transition.”
Judkins has an extensive background in the financial industry, including serving on the board of directors for the Federal Reserve Bank of Boston, where he was the chairman of the audit committee. Judkins also serves on the board of the Franklin Community Health Network.
In 2017, Judkins retired as president and CEO of Franklin Savings Bank, a role he held for 12 years. He has continued to serve on the board of directors.
“Franklin Savings Bank is near and dear to my heart, along with the Maine communities the bank serves,” said Judkins. “The mission of Franklin Savings Bank is something I take very seriously and I look forward to ensuring that it continues to be a strong and independent community bank for generations to come.”
Also retiring from the bank’s board of directors is former bank president and CEO, Gary Downs. He retired from those positions in 2005 and then served 16 years as chairman of the mutual holding company.
“I am proud of the work that we accomplished and the success the Bank has had and continues to have. The bank wouldn’t be what it is today without the committed employees that have always shown up everyday living the FSB values and breathing the FSB culture,” said Downs. “The FSB workforce and workplace is unique and very special."
Franklin Savings Bank reported assets of $511 million for the 2021.
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