About Us

Combining Quality Banking Expertise with a Passion for Community

Kennebec Savings Bank is a $1.6 billion state-chartered community bank, part of a mutual organization, with a team of more than 200 employees.

At Kennebec Savings Bank, our teams are fully committed to the people and communities we serve:

Dedicated, personalized customer service.
Commitment to local community.
Expert guidance and attention to detail through any banking process.
User-friendly, secure financial technology.

With locations in Augusta, Farmingdale, Freeport, Portland, Waterville, and Winthrop, we’ve been serving area residents since 1870. Our customers are proud to bank with us, and we are honored to serve.

Kennebec Savings Bank sign with tulips and sash reading community strong

Core Values that Drive Us

Kennebec Savings Bank is committed to delivering excellence in:

KSB's Donna R. and BAM customers posing for a photo

Service

Delivering a superior experience that exceeds expectations.

KSB's Emmaline, Amanda, Amy, Jess, and Zach posing for a team photo

Teamwork

Leveraging our expertise to achieve mutual success.

Andrew Silsby speaking at United Way of Kennebec Valley event

Community

Enhancing the communities we serve through unparalleled support.

Mission Statement

Kennebec Savings Bank is committed to operating as a profitable, responsible and customer-focused community bank that:

Serves as the primary bank of individuals, families, professionals and businesses in our markets with great service, products and technology;
Positively contributes to the quality of life in our communities; and
Offers a challenging and rewarding work environment to the KSB team of employees.

A Five-Star Financial Institution

Kennebec Savings Bank has received a five-star rating from BauerFinancial, the nation’s leading independent bank rating firm, for over 128 straight quarters. According to BauerFinancial, only 4.1% of the nation’s banks have achieved this rating for 30 straight years.

Safe and Sound

To achieve recommended status from Bauer (a four- or five-star rating), a bank must be financially sound, operating well above its regulatory capital requirements. This includes having a tangible capital ratio greater than 6%, a total risk-based capital ratio greater than 10%, and usually must be profitable for the quarter. Five-star banks typically have twice the capital required by regulation.

Independently Verified

The star rating system, which Bauer introduced in 1988, is recognized as “the nation’s bank rating service.” Bauer provides these ratings free to consumers. Financial institutions do not pay for this service, nor do they have the option of avoiding it. All banks and credit unions are rated, without prejudice.