Kiely, 53, is president of the Lewiston-based bank, which plans to announce his new role as CEO on Wednesday. Keily took over from Paul Andersen, who will become the bank’s chairman of the board.
He began his career as an attorney, then started several businesses. But he never was a banker until he joined Androscoggin in 2015 as chief strategy officer and became president in 2018.
“I bring a very different lens to the bank,” he said. “I have a strategic focus to make us the business bank in Maine.”
He said the bank, which will celebrate its 150th anniversary this year, is committed to staying independent.
In Maine’s fiercely competitive banking environment, Kiely believes he can set the bank apart by focusing on its strengths. One of the bank’s core practices is serving municipal government, school districts and counties.
“And we are a commercially focused bank with two-thirds of our loans in real estate and businesses,” he said. “That’s heavier than other community banks.”
The bank has developed specialties, including lending to dentists. It also has hired three specialists in its cash management practice to help businesses control their flow of money and to structure their payments to reduce fees.
The idea, he said, is to make it easier for businesses and other customers to bank.
“We have a new courier service so we can go to the client for their banking,” he said. “Time is the most precious commodity to businesses. And we’ve streamlined our mortgage process.”
A big part of the bank’s customers are businesses with 50 or fewer employees, some of which are seasonal. And that presents challenges to banks, including customers who do not have the traditional amount of collateral needed for loans.