What Does Saco & Biddeford Savings Institution Do?

Total employees147
HeadquartersSaco
Founded1827

Saco & Biddeford Savings Institution (SBSI), founded in 1827, is Maine's oldest bank and a mutual savings bank, meaning it's owned by its depositors. SBSI is dedicated to serving the financial needs of individuals, families, and businesses in Southern Maine. They offer a comprehensive range of personal and business banking services, including checking and savings accounts, loans, mortgages, and digital banking solutions. The institution is deeply committed to community involvement and reinvestment, aiming to strengthen the financial well-being of its customers, employees, and neighbors.

Where Is Saco & Biddeford Savings Institution's Headquarters?

HQ Function

Serves as the primary administrative center, housing executive leadership, core banking operations, loan processing, customer service oversight, and strategic planning for Saco & Biddeford Savings Institution.

Notable Features:

The main office is located in a historic building in downtown Saco, distinguished by its cornerstone dated 1909. Its classic architecture reflects the bank's long-standing presence and commitment to the community.

Work Culture:

Emphasizes community involvement, a customer-first approach to service, and a stable, supportive environment for employees. As Maine's oldest bank, there's a strong sense of tradition blended with a commitment to modern banking practices and local empowerment.

HQ Significance:

The headquarters is a cornerstone of the Saco-Biddeford community, symbolizing the bank's enduring legacy since 1827 and its unwavering commitment to Southern Maine. It represents financial stability, local economic support, and community trust.

Values Reflected in HQ: The headquarters' established presence, traditional yet well-maintained architecture, and accessibility reflect the bank's core values of stability, community trust, heritage, and dedicated customer service.

Location:

Saco & Biddeford Savings Institution is a community-focused bank primarily serving Southern Maine. It does not have an international global presence with physical offices abroad. Its impact is concentrated on supporting the local economy, individuals, and businesses within its Maine service area. All direct operations and branches are located within the state of Maine, USA.

Street Address:

252 Main Street

City:

Saco

State/Province:

ME

Country:

USA

Where Else Does Saco & Biddeford Savings Institution Operate Around the World?

Biddeford, ME, USA

Address: 270 Main Street, Biddeford, ME 04005

Serving the financial needs of residents and businesses in the Biddeford community.

Old Orchard Beach, ME, USA

Address: 2 Portland Avenue, Old Orchard Beach, ME 04064

Supporting the financial requirements of the Old Orchard Beach area, including its tourism-driven economy.

Portland, ME, USA

Address: 800 Congress Street, Portland, ME 04102

Catering to the diverse financial needs of the Portland metropolitan area.

Scarborough, ME, USA

Address: 158 US Route 1, Scarborough, ME 04074

Meeting the banking demands of residents and businesses in Scarborough.

South Portland, ME, USA

Address: 480 Main Street, South Portland, ME 04106

Serving the financial needs of the South Portland community and surrounding areas.

Westbrook, ME, USA

Address: 600 Larrabee Road, Westbrook, ME 04092

Supporting the financial well-being of individuals and businesses in Westbrook.

Waterboro, ME, USA

Address: 1000 Main Street, Waterboro, ME 04087

Meeting the local banking needs of residents and businesses in Waterboro and nearby towns.

Buying Intent Signals for Saco & Biddeford Savings Institution

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Saco & Biddeford Savings Institution? Meet the Executive Team

As of April 2025, Saco & Biddeford Savings Institution' leadership includes:

Mark T. Jones - President & Chief Executive Officer
Marie R. Saucier - EVP, Chief Financial Officer & Treasurer
Jean M. Claveau - EVP, Chief Credit Officer
Robert C. Quentin - EVP, Chief Operating Officer
Craig W. Skeffington - EVP, Chief Lending Officer
Anthony J. Lebel - SVP, Chief Information Officer
Jennifer L. D. Wright - SVP, Chief Human Resources Officer

Who's Investing in Saco & Biddeford Savings Institution?

Saco & Biddeford Savings Institution has been backed by several prominent investors over the years, including:

Depositors (Mutual Savings Bank - owned by its depositors)

What Leadership Changes Has Saco & Biddeford Savings Institution Seen Recently?

Hire0
Exits0

In the past 12 months, Saco & Biddeford Savings Institution announced several key leadership promotions in February 2024, reflecting internal talent development and strengthening its executive team. There have been no publicly announced external executive hires or departures from the executive team during this period.

New Appointments:

Craig W. Skeffington, Craig W. Skeffington was promoted to Executive Vice President, Chief Lending Officer. He previously served as SVP, Chief Retail Banking Officer.
Anthony J. Lebel, Anthony J. Lebel was promoted to Senior Vice President, Chief Information Officer. He was formerly VP, Information Technology Manager.
Jennifer L. D. Wright, Jennifer L. D. Wright was promoted to Senior Vice President, Chief Human Resources Officer. She previously held the role of VP, Human Resources Manager.

What Technology (Tech Stack) Is Used bySaco & Biddeford Savings Institution?

Discover the tools Saco & Biddeford Savings Institution uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Saco & Biddeford Savings Institution Email Formats and Examples

Saco & Biddeford Savings Institution commonly uses the [first_initial][last]@[domain] email format for its employees. Other formats might exist but this is a widely observed pattern.

flast@sbsavings.bank (e.g. jdoe@sbsavings.bank)

Format

mjones@sbsavings.bank

Example

90%

Success rate

What's the Latest News About Saco & Biddeford Savings Institution?

Mainebiz • February 28, 2024

Saco & Biddeford Savings Institution promotes three to leadership team

Saco & Biddeford Savings Institution announced the promotions of Craig W. Skeffington to EVP, Chief Lending Officer; Anthony J. Lebel to SVP, Chief Information Officer; and Jennifer L. D. Wright to SVP, Chief Human Resources Officer....more

Saco Bay News • February 21, 2024

SBSI donates $30,000 to Ronald McDonald House Charities of Maine

Saco & Biddeford Savings Institution recently donated $30,000 to Ronald McDonald House Charities of Maine to support their mission of providing comfort and care to families with sick children....more

Saco Bay News • December 7, 2023

Saco & Biddeford Savings donates $10,000 to local food pantries

Saco & Biddeford Savings Institution contributed $10,000 to various food pantries across Southern Maine to help address food insecurity during the holiday season....more

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