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January 19, 2024

Saco & Biddeford Savings Institution makes management changes

Courtesy / Saco & Biddeford Savings
Bob Quentin

Mark Jones has stepped into the role of president at Saco & Biddeford Savings Institution, succeeding Bob Quentin, who is retiring. 

Quentin, a Saco native, started at the bank in 1989 as vice president of compliance and financial operations officer, and then worked up the ranks.

"I think, more than anything, I love that we can balance the needs of our customers, our employees and our communities in everything we do," said Quentin.

"While that sounds a bit corny, I won't apologize for it. It comes with the mutual form of ownership, without stockholders. We get to do what feels right, considering all of those needs. We get to take a long view and exercise patience in our decisions."

His plans for retirement include a lot of reading and attending athletic events, which he loves, especially track meets. He has been involved in the sport for 50 years and spectates local races whenever he can. 

Courtesy / Saco & Biddeford Savings
Mark Jones

Jones joined SBSI in 1985 in the lending department and will continue to serve as the director of lending. 

As president, Jones will continue to build on the founding principles of SBSI with a commitment to meet the financial needs of southern Maine.

He does volunteer work as a board member and treasurer of Shutterbugs4Charity and as a board member and vice chair at Hospice of Southern Maine. Jones is also a trustee and treasurer of Saco United Baptist Church. 

"I still carry my first business card around as a reminder that though my position has changed within the bank over the years, the title means nothing other than the capacity it provides to serve my co-workers, customers and the community," said Jones.

Jones earned a bachelor's degree in economics from the University of Southern Maine. 

New hire, promotion

Courtesy / Saco & Biddeford Savings
John Bentley

SBSI has promoted John Bentley to senior vice president and chief information officer, and Stephanie Paquet has been hired as senior vice president and director of risk management.

Bentley graduated from the University of Maine at Farmington. He holds the ISACA certification and is a certified information security manager. He is working towards obtaining the risk and information systems control certification.

Prior to joining SBSI in 2022, Bentley spent 13 years working in information technology and security for the financial industry. In his new role, he will ensure the IT and IS strategies align with the bank's goals.

"I've genuinely enjoyed establishing relationships with all of my peers as well as learning how much SBSI gives back to the community," said Bentley. "I am looking forward to the challenges that my new position will present. One of my goals is to help the bank strategically align itself as we move forward into the ever-changing digital landscape." 

Courtesy/ Saco & Biddeford Savings
Stephanie Paquet

Paquet is rejoining the bank after a year away. She graduated from the University of Southern Maine and brings 20 years of experience in community banking.

"I am excited to work collaboratively with all areas of the bank, build positive relationships, and leverage our collective strengths and synergies," said Paquet. "It feels great to be back. The bank is home."

Saco & Biddeford Savings was No. 12 among the Maine-based banks with the largest market share in the 2024 Mainebiz Book of Lists, based on $5.3 billion in assets as of June 30, 2023. 

Founded in 1827, the bank employs 200 people and has branches in Saco, Biddeford, Old Orchard Beach, Portland, Scarborough, South Portland and Westbrook.

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