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Updated: November 13, 2023

Saco & Biddeford Savings promotes two longtime leaders to more senior roles

Saco & Biddeford Savings Institution has promoted Bill Kany and Matthew Cyr to senior leadership positions with the bank. 

Kany has been elevated to executive vice president and chief risk officer. The position will broaden Kany’s responsibilities while maintaining his current duties as in-house counsel.

Courtesy / Saco & Biddeford Savings
Bill Kany

Kany oversees the bank’s risk, compliance, audit, human resources and commercial lending departments.

He is a Thornton Academy alumnus, and graduated from Dartmouth College and the University of Maine School of Law.

Kany clerked at the U.S. Claims Court in Washington, D.C., and then went to work for Smith & Elliott P.A. in Saco. He became a partner of the law firm in 1988. During his time there, one of his clients was Saco & Biddeford Savings, and in October 2010 he began working directly for the bank.

“My dad retired as president of SBSI in 1995. I have been a customer of the bank for as long as I can remember,” said Kany.

"The bottom line is that SBSI is in my blood, and I have nothing but respect for this institution and its tradition of being a pillar of our communities. My promotion is an opportunity for me to be a part of the leadership that will perpetuate the traditions of SBSI while adding to the foundational character of this bank built by the leaders and employees who came before us.”

Courtesy / Saco & Biddeford Savings
Matthew Cyr

Cyr has been promoted to senior vice president and chief banking officer. He will provide guidance to the residential and consumer lending, retail banking and customer care departments.

Cyr has been a member of the savings bank's leadership team for the past 13 years.

“I believe that effective leadership starts with a clear vision, and I intend to provide a strategic direction that aligns with our bank’s reason for being,” said Cyr. “I look forward to fostering a customer-centric culture within the organization, where every decision is guided by our commitment to enhancing the customer experience.”

Saco & Biddeford Savings was No. 13 among the Maine-based banks with the largest market share in the 2023 Mainebiz Book of Lists, based on assets as of June 30, 2022. 

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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