From Timothy J. Thompson
President & Chief Executive Officer

(From the 2023 Annual Report)

I am pleased to present Franklin Savings Bank’s 2023 Annual Report which spotlights our continued alignment with our mission: To remain a financially strong, independent, community bank, dedicated to superior customer and community service. 

Franklin Savings Bank is among the strongest banks in the state of Maine. Our financial strength is the result of our long-term, safe, and intentional strategies; the success of our customers and communities and the dedication of our employees. 

In 2023, we achieved the highest percentage of loan growth and the second-highest percentage of deposit growth of banks in the state. This growth is a testament to the value each customer realizes when they choose Franklin Savings Bank as their financial partner. Our exceptional team is committed to deepening and growing relationships through all aspects of our customers’ experience. 

Our customers know that when they bank with Franklin Savings Bank, they are also supporting their communities. Our Community Development Foundation supported numerous community organizations and events in 2023, including a focused effort on supporting food security. 

With a clear vision and unwavering commitment to our employees, our customers and our communities we are poised to chart new heights and deliver unparalleled value in the financial marketplace. 

Proud to be FSB!