Franklin Savings Bank Welcomes David Stolt as SVP, Director of Residential and Consumer Lending
FARMINGTON, ME – Franklin Savings Bank is pleased to announce that David Stolt has joined the Bank as Senior Vice President, Director of Residential and Consumer Lending. In this role, David succeeds long-term employee Lorna Niedner and will lead the Bank’s residential and consumer lending teams to continued success.
David brings extensive experience in community banking with a diverse background spanning lending, compliance, credit, and underwriting. He has also worked with the State of Maine Bureau of Consumer Credit Protection, further strengthening his expertise in regulatory oversight and consumer advocacy. His wealth of knowledge and commitment to community banking make him an invaluable addition to the Franklin Savings Bank team.
“We are excited to welcome David to Franklin Savings Bank,” said Tim Thompson, President and CEO. “His expertise in lending and compliance, combined with his strategic vision, will be instrumental in driving innovation and growth within our residential and consumer lending teams. We are confident that his presence will uphold the longstanding commitment to personalized service and community-focused banking that defines Franklin Savings Bank.”
David believes that lending plays a crucial role in strengthening communities, as it provides individuals and families with opportunities to build financial security and achieve their dreams. He recognizes that the work his team does extends beyond transactions—it impacts the lives of neighbors and contributes to the overall growth and well-being of the communities Franklin Savings Bank serves.
David shared his enthusiasm about joining Franklin Savings Bank, stating, “I’m honored to be part of a community-focused institution with such a strong reputation for customer service and integrity. I look forward to working with the team to support our customers and help them achieve their financial goals.”
David resides in Augusta with his wife Julie. He has two daughters and one son and is a proud grandfather. Please join us in welcoming David Stolt to Franklin Savings Bank.
Founded in 1868, Franklin Savings Bank is a community-focused financial institution that serves Maine’s western, central, and Downeast regions from eight locations. With a reputation for strong customer service and deep community involvement, the Bank offers a wide range of products and services.