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April 18, 2023

With chief lending officer retiring, Machias Savings looks outside bank for replacement

Machias Savings Bank has filled the chief lending officer role after Chris Fitzpatrick stepped down into the role of executive vice president.

Fitzpatrick announced he plans to retire later this year. 

Machias Savings Bank
Jay Hood

In his new role, Jay Hood will work closely with the bank's business banking and cash management teams, develop key client relationships, and support the management and growth of business banking activities across the state. The New Hampshire resident plans to relocate to Maine.

Fitzpatrick plans to work alongside three generations of family on the family's potato farm in Houlton during his retirement. 

"We're excited to welcome Jay, who has already demonstrated his leadership abilities in this role," said Larry Barker, president and CEO of Machias Savings Bank. "We're also very grateful to Chris Fitzpatrick for 22 years of service with the bank and wish him well in his future endeavors."

Prior to joining Machias Savings, Hood was senior vice president and regional commercial banking manager at NBT Bank. He managed the bank's largest market, with additional oversight throughout New England on large commercial real estate projects.

He also worked for Georgetown Bank and in commercial lending roles at People's United, which is now part of M&T Bank.

Throughout his banking career, Hood has volunteered and supported dozens of nonprofits and community organizations throughout New Hampshire and Massachusetts.

Hood holds a bachelor's degree from North Park University in Chicago. 

Machias Savings was ranked No. 5 among Maine-based banks in the 2023 Mainebiz Book of Lists, based on assets as of June 30, 2022. Machias Savings has $2.3 billion in assets, 300 employees and 15 branches from Portland to Caribou.

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