Franklin Savings Bank Promotes Derek Hayes to Executive Vice President, Chief Lending Officer

Farmington, ME – Franklin Savings Bank (FSB) is pleased to announce the promotion of Derek Hayes to Executive Vice President, Chief Lending Officer. Derek has been a valued member of the FSB team since 2015, when he joined the bank as Director of
Commercial Lending.

In his new role, Derek will take on leadership responsibilities across all Residential, Consumer, and Commercial lending departments, as well as oversee all loan-related functions. His deep expertise in lending, combined with his strong leadership skills, positions him for continued success as he steps into this expanded role.

Derek’s commitment to fostering leadership within the bank has been evident through his launch of the Next Level Leadership program, which has had a significant and positive impact on FSB. Under his guidance, the program has helped cultivate the next generation of leaders within the bank, ensuring a strong foundation for future growth.

“I am honored to take on this new role and continue working with our talented team at Franklin Savings Bank,” said Derek Hayes. “Our commitment to providing exceptional service to our customers remains our top priority, and I look forward to leading our
lending teams as we continue to grow and innovate.”

Originally from Canada, Derek now resides in Farmington, ME, with his family. His dedication to the local community and his extensive experience in the banking industry make him a valuable asset to Franklin Savings Bank as it continues to grow and serve
its customers.

“We are thrilled to have Derek step into this vital role within our organization,” said Tim Thompson, President and CEO of Franklin Savings Bank. “His proven leadership, combined with his in-depth knowledge of lending, will undoubtedly drive our continued success in delivering exceptional service to our customers.”

Franklin Savings Bank is a community bank founded in 1868 that serves Maine’s western, central, and Downeast regions of Maine from eight locations.

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