Kennebunk Savings Bank

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Kennebunk Savings Bank is a bank founded in 1871 in Kennebunk, Maine. Kennebunk Savings bank gives back 10% of its profits annually to the community. In 1994, the bank set up the Kennebunk Savings Bank Foundation. As of 2008, the foundation has given nearly $6 million to York County charities. Every year since 1995, the bank sends ballots to its customers to let them choose their favorite York County non-profit or charitable organization^[1]. Kennebunk Savings Bank uses the results of this vote to reinvest in the community. For example, in 2006, Kennebunk Savings Bank matched donations to Wells National Estuarine Research Reserve in Wells, Maine, in an effort to help them purchase more land for their nature preserve^[2].

Kennebunk Savings Bank's President and CEO is Ken Reed^[3].

Kennebunk Savings Bank has two nonbanking businesses: Morris Insurance Services^[4], a subsidiary, and Kennebunk Financial Services, a division of the bank. In 2005, Wolf Financial Group joined Kennebunk Savings Bank to form Kennebunk Financial Services^[5].

[edit] History

Kennebunk Savings Bank's main office at 104 Main Street used to hold Both Ocean National Bank & Kennebunk Savings Bank. Banking laws have changed since those days. The Bank building was either sold or given to Kennebunk Savings Bank. Ocean National Bank relocated next door at 100 Main Street. At this current time Kennebunk's Main office is still maintained at 104 Main Street. Since the opening of the original branch in Kennebunk, Kennebunk Savings Bank has expanded to 15 branches, all located within York County, Maine. Ocean National Bank was renamed back to Ocean Bank. Ocean Bank today is located in York County, Maine and Southern New Hampshire (Vermont Border to Maine). The 2 banks have maintained a long history in the town of Kennebunk, dating back to 1854 & 1871.