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Biddeford Savings Announces Plans for Kennebunk Office

Sep 24, 2010

Biddeford, Maine --- Biddeford Savings has announced plans to open a new branch office on Route 1 in Kennebunk at the Shops at Long Bank, next to Hannaford.

“We are very pleased to be opening a new branch in Kennebunk”, said Charles Petersen, president and CEO of Biddeford Savings. “We have a number of very good customers in the Kennebunk area and see continued growth in this market. We feel this is an ideal location and is part of our approach to providing outstanding service and convenience. Our new branch office will enable us to be more responsive to the financial needs of the Kennebunk community.”

Biddeford Savings’ strong position today reflects a long history of managing the business conservatively and focusing on core strengths while navigating the ups and downs of the economy.

“Our unique position of strength and consistent profitability has been especially important in the challenging financial environment of the past few years’, says Petersen. “We realize that economic stress still exists in our market however we feel that our capital strength allows us to make these investments which are necessary to build our customer base, ensure our future growth, and continue the bank’s track record of profitability.”

Established in 1867, Biddeford Savings is an independent, mutually owned, full service community bank with 4 full service branches operating in Biddeford, Scarborough, and Waterboro, as well as a Commercial Banking Center located at 234 Main St. in Biddeford.

“The bank’s new location will improve the level of service to the Kennebunk area,” says Petersen, “Our mission is to treat our customers like owners by providing them with the products and services they deserve and contributing to the quality of life in the communities we serve. We look forward to this branch making Biddeford Savings an even more significant partner in Kennebunk and Kennebunkport.”

Official groundbreaking for the new office is scheduled to occur in the Fall of 2010, with the branch scheduled to open in the second quarter of 2011.

About Biddeford Savings:

Biddeford Savings is an independent, mutual savings bank. It has four branch locations, Route 202 in Waterboro, 360 US Route One in Scarborough, 417 Alfred Street in Biddeford, and its main office at 254 Main Street in Biddeford. It also has a Commercial Banking Center at 234 Main Street, Biddeford. The bank’s main phone number is 207-284-5906 and the web address is:

Press Contact
Betsy Boudreau
Biddeford Savings Bank