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September 12, 2016

Kennebec Savings commits to boosting $4.3M theater renovation

Kennebec Savings Bank is throwing its weight behind a $4.3 million plan to renovate a 400-seat theatre in the Johnson Hall Performing Arts Center in Gardiner.

The Kennebec Journal reported that Kennebec Savings has agreed to buy all the historic tax credits the renovation has qualified for, in addition to crafting both construction financing and pledge financing packages for the project.

And to top it all off, the bank says that it will donate $100,000 to the fundraising campaign for the renovations.

“We have a major investment in that community, and it has been very welcoming to us,” said Andrew Silsby, president of Kennebec Savings Bank, according to the Kennebec Journal. “It’s important to tell that area that we believe in the work that’s being done. Also, we understand our influence at times can help be a tipping point.”

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