January 25, 2020
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Machias Savings Bank hires Matt Walsh as chief financial officer

Community Author: Dan Cashman
Post Date:

MACHIAS – Machias Savings Bank announced today the hiring of Matt Walsh as the company’s new CFO. Walsh spent the last 22 years working at University Credit Union, including serving as the credit union’s president and CEO for the past 13 years.

“It is an absolute pleasure to welcome Matt to the Machias Savings Bank team,” said Larry Barker, president and CEO of Machias Savings Bank. “He is incredibly smart about banking, he’s well respected in the industry, he’s very family oriented, and he gets involved in the community. We are excited to welcome him aboard as we continue to see Machias Savings Bank grow and evolve.”

Walsh is a certified public accountant who worked as a staff auditor at Berry, Dunn, McNeil & Parker in Bangor before starting at the University Credit Union. Walsh graduated with an Associate’s Degree in Business Management from the University of Maine, and a Bachelor’s Degree in Accounting from Husson University. He has served as a director on a number of boards including the Husson Alumni Board and the Penobscot Cerebral Palsy Foundation Board. He was also a den leader for the Katahdin Area Council of Scouts and is currently active with the Knights of Columbus Pine Cone Council.

“Machias Savings Bank is a model bank,” said Walsh. “Machias treats its customers like family and goes to great lengths to make sure they deliver exceptional service. There is a reason Machias Savings Bank has been named one of the Best Banks to Work For in the country several years in a row, but their attention to their customers, employees and their communities are some of the high qualities that attracted me to join this award winning team.”

Walsh will be replacing Donald Reynolds, who is retiring at the end of this year. Reynolds is a graduate of the University of Maine at Machias and has been with Machias Savings Bank for 33 years.

“It’s always difficult to say goodbye to a valued team member, but it’s especially difficult to say goodbye to Donnie Reynolds,” said Barker. “He’s been a part of Machias Savings Bank for more than three decades, and he’s been a part of the fabric of this community for even longer. All of us wish him and his family well in his retirement, and we look forward to seeing him when he comes by for a visit and to share a laugh.”

Matt Walsh lives in the Bangor area and will split time between Machias Savings Bank offices in Penobscot County and in Machias. His first day was in mid-August.

About Machias Savings Bank:

Machias Savings Bank is a Maine bank with 16 branches from Portland to Caribou. Based in Machias since 1869, Machias Savings Bank prides itself on exceptional banking, exceptional relationships, and exceptional customer service. More details about Machias Savings Bank can be found online at machiassavings.bank.