Mechanics Savings CEO elected chair of Maine Bankers Association

Posted June 25, 2013, at 1:10 p.m.

PORTLAND, Maine — The Maine Bankers Association has elected a 35-year veteran of the state’s banking sector as its new chairman.

At the organization’s 120th annual meeting, held Friday in Ogunquit, the member banks elected Richard J. Vail, president and CEO of Auburn-based Mechanics Savings Bank, as its chairman, according to a news release. The chairmanship is a one-year appointment.

Vail is a Portland native who received a bachelor’s degree in mathematics from the University of Southern Maine. He began his banking career with Northeast Bank of Westbrook in 1977, and subsequently worked at Peoples Heritage Bank, A.G. Edwards & Sons, and Gorham Savings Bank before being named to his current position in January 2006.

Besides its main Auburn branch, Mechanics Savings Bank also has branches in Lewiston, Windham and Brunswick, according to its website.

Vail is chairman of the board of Central Maine Community College Foundation, vice chair of the University of Southern Maine Foundation, an advisory board member at Lewiston-Auburn College, a board member of the Lewiston Auburn Economic Growth Council, a committee member of the Auburn-Lewiston YMCA Investment Committee and a board member at St. Mary’s Health System.

Gregory Dufour, president of Camden National Bank, was elected vice chairman of the association.

The Maine Bankers Association is based in Portland. It has 30 member banks and two non-depository trust companies, according to its website.

http://bangordailynews.com/2013/06/25/business/mechanics-savings-ceo-elected-chair-of-maine-bankers-association/ printed on July 28, 2014