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FISC Solutions Acquired by Senior Management Team

Posted May 23, 2014, at 8:28 a.m.

May 23, 2014, Lewiston, Maine – Jerry Blodgett, President & CEO of FISC Solutions, today announced the acquisition of the company by a core company management team. Until the sale, the company previously had been equally owned by Androscoggin Bank and Norway Savings Bank. Both banks will remain as FISC clients, and FISC Solutions will continue to operate at its existing location at 168 Lisbon Street in Lewiston, Maine.

Blodgett stated: “There are two primary reasons for the sale of FISC. The development of technology has allowed FISC to expand beyond our original sole purpose of serving financial institutions. We have expanded our markets to also provide payment processing, printing and electronic services to governmental entities, commercial clients and nonprofit organizations throughout the United States. The second and most important reason is the desire to continue to be a Maine based employer. Our senior management team takes great pride in knowing that we can continue to provide Maine jobs for our 75+ employees who live in the greater L/A communities.”

“FISC Solutions has a very dedicated work force with a strong work ethic and customer focus.” said Blodgett. “There is no question that many of the markets we operate in will continue to rapidly evolve. The only way we continue to succeed is by gaining market share. In addition to great customers in Maine and New England, we recently have added clients in diverse U.S. locations such as San Francisco, Chicago, New York City, New Jersey, Montana, Pennsylvania, and Alabama.”

About FISC Solutions:

Named a 2013 Best Places to Work in Maine Company, FISC Solutions has operated in Maine for more than 36 years since its inception in 1977. FISC provides lockbox, caging, data entry, payment processing, printing, and electronic delivery services to financial institutions, governmental entities, commercial clients, and nonprofit organizations throughout the United States.

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