BRIDGEPORT, Conn. — People’s United Bank announced Friday that Samuel A. Ladd III will retire on March 31 after more than 45 years of banking and community leadership in southern Maine.
Ladd served as the bank’s Southern Maine President and, most recently, as vice chairman in Maine, representing the bank in business development and community service. He joined People’s United through the 2008 acquisition of Chittenden Corp., as president, chief executive officer and director of Maine Bank & Trust, which he co-founded.
“Sam has long and substantial record of contributions to Maine banking and the state’s communities,” said Robert D’Amore, senior executive vice president, Retail and Business Banking, in a company press release. “He is recognized and appreciated for his business know-how as well as his community commitment and his personal integrity. We thank him sincerely for his role at People’s United Bank and in our communities.”
Ladd’s banking career began in the mid-1960s at Maine National Bank following a year with Aetna Life Insurance Co. and two years in the U.S. Army as a first lieutenant in Berlin, Germany. He rose within the ranks of Maine National Bank to serve as executive vice president, chief administrative officer, and director responsible for trust, retail banking, operations and commercial lending.
Community commitment has been and continues to be a byword for Ladd, who is currently a board member of the Maine Bankers Association where he has served as president. He also has been on the Government Relations Council of the American Bankers Association. He has served as the campaign chairman of the United Way of Greater Portland, and as a trustee and treasurer of the Portland Symphony Orchestra.
An alumnus of Bowdoin College, Ladd served as a trustee of the college. He is past chairman of the board of the Maine Maritime Museum and of the Southern Maine Community College Foundation.
Ladd currently serves on the boards of the Gulf of Maine Research Institute, the Portland Museum of Art, the University of Maine Law School Foundation, and the Maine Venture Fund. He is also the finance chairman of U.S. Sen. Susan Collins’ re-election campaign.
Dan Thornton was named president, Southern Maine, at People’s United Bank in May 2013.
About People’s United Bank
People’s United Bank is a subsidiary of People’s United Financial, Inc., a diversified financial services company with $33 billion in assets. People’s United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.