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June 6, 2023

Kennebec Savings retools board with former hospital CEO taking over as chair

Kennebec Savings elected its first woman to the position of vice chair in bank history and has chosen a new board chair. 

Mary Denison is a founding member of Lake & Denison LLC, a Winthrop law firm specializing in real estate, municipal law, elder law, estate planning and trust administration and business law. She joined the Kennebec Savings board in 2013. 

She previously served on the Civil Rules Committee of the Maine Judicial Branch, the Grievance Panel and the Board of the Maine Board of Bar Overseers, the Readfield Planning Board, and as president and secretary of the Kennebec Land Trust. Denison is also the past president of the Maine Women’s Lobby.

Kennebec Savings Bank
Chuck Hays

William Sprague has served on the board for 25 years, and most recently as chair for seven years. During the time he led the board, Kennebec Savings Bank grew assets from $814 million to $1.6 billion, completed a merger with KFS Savings, opened two new branches and nearly doubled the number of its employees.

He has over 45 years of experience as a Realtor with Sprague and Curtis Real Estate. As an active member of the community, he was past president of the Kennebec Health System, Augusta Board of Trade, and Kennebec Valley Chamber of Commerce, among others. 

“Bill has demonstrated exceptional leadership for our board during his tenure as chair,” said Andrew Silsby, Kennebec Savings Bank's president and CEO. 

Charles "Chuck" Hays Jr. succeeded William Sprague Jr. as chair of the board of directors.

“I am pleased that Chuck is taking on the role of board chair,” said Sprague. “In addition to the many community organizations he is involved with, he has served on Kennebec Savings Bank’s Board of Directors for 16 years, seven of which as vice chair. Chuck brings a broad view of the community to our leadership and a studied knowledge of the Bank.”

Kennebec Savings Bank
William Sprague

During his 28 years with MaineGeneral Health, Hays played a role in the expansion of the health care system in Central Maine, which involved the construction of the Alfond Center for Health, Thayer Center for Health, and the Harold Alfond Center for Cancer Care. In the last 10 years with the company, he was the president and CEO of MaineGeneral Health. 

Hays serves on the boards of Alfond Youth & Community Center, the Mid-Maine Chamber of Commerce, and Maine Dartmouth Family Practice. He previously served on the board of  Waterville Opera House, the Kennebec Valley Chamber of Commerce, TOGUS VA and the United Way of Kennebec Valley.

Founded in 1870, Kennebec Savings Bank is a $1.6 billion state-chartered community bank, part of a mutual organization, with a team of nearly 200 employees. The bank has locations in Augusta, Farmingdale, Freeport, Waterville, Winthrop and is coming soon to Portland. 

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