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May 30, 2024

Kennebunk Savings adds familiar face as chief risk officer

Kennebunk Savings has hired William Saufley as its executive vice president and chief risk officer, a role he is returning to.

Saufley worked for Kennebunk Savings from 2007 to 2012. During his previous tenure, he initially served as senior vice president of project management but was later appointed as the bank's first chief risk officer in November 2008.

Man in blue suit
Photo / Courtesy Kennebunk Savings
William Saufley

“Saufley's exceptional leadership and decision-making skills will be instrumental in ensuring the bank's continued growth,” said Lex Meagher, president of Kennebunk Savings. “The chief risk officer is an important position at the bank, and I’m glad Bill agreed to come back. I personally value his expertise and insight.”

As chief risk officer, Saufley will be responsible for the bank's risk management operations, including overseeing internal audits and regulatory examinations, integrating risk concepts into strategic planning and identifying and mitigating risks.

“I‘m excited for the opportunity to return to Kennebunk Savings with long-term friends and colleagues and lots of new faces, as well,” Saufley told Mainebiz. “Their focus on customers, communities, and employees is their hallmark, and I’m happy to be back.”

Prior to returning to this role, Saufley was the senior vice president and general counsel for Residential Mortgage Services in South Portland. He worked there for 10 years before his first tenure at Kennebunk Savings.

Saufley told Mainebiz that he has held the general counsel role at Maine Savings Bank, Fleet Financial Group and Coastal Bank. He has also served as deputy executive director of the Maine Public Employees Retirement System.

Saufley received a bachelor’s degree from Dartmouth College and his Juris Doctor from the University of Maine School of Law. 

Saufley is a member of the Maine State Bar Association, American Bar Association, Mortgage Bankers Association, Mortgage Compliance Association, and the Society for Human Resources Management. In 2020, he received the Marquis Who’s Who Albert Nelson Lifetime Achievement Award.  

Kennebunk Savings, which is headquartered in Kennebunk, operates 12 branches in York County and five in the Seacoast region of New Hampshire. It has assets of $1.8 billion. 

Kennebunk Savings is No. 8 among the largest Maine-based banks, based on assets as of June 30, 2023, according to the 2024 Mainebiz Book of Lists. 

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