Courtesy/Machias Savings Bank
Machias Savings Bank's new headquarters building in downtown Machias.
Updated: December 18, 2020
Machias Savings names its fourth new regional chief
Courtesy / Machias Savings Bank
As Machias Savings Bank's new senior vice president for the southern Maine market, Jack Lufkin will serve as that region's market leader with responsibility for both the business and retail banking teams.
Machias Savings Bank on Thursday announced the final new appointment among four new regional senior vice presidents, part of a leadership restructuring unveiled last month to "stay local" while pursuing growth.
Jack Lufkin, previously with NBT Bank as vice president, senior commercial relationship manager, will serve as Machias Savings Bank's regional senior vice president for the southern market, which includes Cumberland County. He will oversee the region's commercial and retail banking teams.
Lufkin is treasurer of the Portland Regional Chamber of Commerce, whose board he has served on since 2007. He also served as president of the Portland Community Chamber from 2017-19.
His prior banking banking experience includes three years at KeyBank and more than a decade at Gorham Savings Bank.
“We’ve spent a long time determining a new internal structure that will allow Machias Savings Bank to start the new year with a strong team dedicated to maintaining the community connection that’s so important to the way we operate as a bank,” said Machias Savings Bank CEO Larry Barker in a news release.
"Jack will be an integral part of this new structure, with his longtime experience working and living in southern Maine, advancing community economic development, and providing exactly the type of connection and local expertise we were looking for in filling this role.”
The new structure, announced Nov. 13, is set to take effect at the start of 2021 and also includes two new executive positions.
"We have grown this company one great employee and one new customer at a time," Barker told Mainebiz at that time. "That's how we expect to continue to grow. We have to be Maine's best big small bank."
Lufkin rounds out the bank’s newly announced regional SVP positions, joining Jonathan Alley, who serves the Downeast and northern markets, including Washington and Aroostook counties; Jill Saucier, who manages the midcoast market, including Hancock, Knox and Waldo counties; and Dean Clark, who heads the central market, including Penobscot County.
No. 5 by assets
With assets of $1.728 billion as of June 30, Machias Savings Bank is the fifth-largest Maine-based bank in the upcoming Mainebiz 2021 Book of Lists ranking.
Machias Saving trails Bangor Savings (No. 1), Camden National (No. 2), Bar Harbor Bank & Trust (No. 3) and First National Bank (No. 4).
Machias Savings recently moved into a new $5 million downtown headquarters building at 31 Main St., Machias, which employees are "absolutely loving, " Barker told Mainebiz in November. The energy-efficient building includes 142 rooftop solar panels in which the bank invested $15,000.
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