The Biddeford and Mechanics Savings Foundation Supports The Ecology School

Saco, Maine—May 18, 2021—The Ecology School hosted representatives from Maine Community Bank on Tuesday for a ribbon-cutting at the new three-wing dormitory on the River Bend Farm campus. Maine Community Bank, through their Biddeford and Mechanics Savings Charitable Foundation, recently pledged $10,000 toward the River Bend Farm project. The donation includes the naming of one of the dormitory rooms, which house four participants each night.

“We are proud to support The Ecology School and their mission to build a sustainable campus,” stated Jeanne Hulit, president and CEO of Maine Community Bank. “The Maine Community Bank family strongly believes that we must all work together to take action against climate change and to build a sustainable Maine for future generations.”

“I am grateful for the generosity from our neighbors at Maine Community Bank as they commit their support to our new home at River Bend Farm,” said Drew Dumsch, president and CEO of The Ecology School. “Modelling a sustainable way of living and learning is a community effort. Through the naming of a room in our new Dormitory, Maine Community Bank’s gift will help us provide thousands of program participants with an unforgetting sustainable living experience.”

The Ecology School commemorated the completion of their River Bend Farm campus in April. The campus is the first location in Maine to achieve the full International Living Future Institute’s Living Building Certification (LBC), the most comprehensive green building certification in the world. The campus hosts a variety of programs for children and adults to connect with the natural world through experiential learning.

About Maine Community Bank

Biddeford Savings and Mechanics Savings have been financial partners to the people of Central and Southern Maine for the past 150 years. To help carry their commitment to the communities they serve, the two banks merged on January 1, 2020, becoming divisions of Maine Community Bank. The merger expands the lending capacity, product offerings, and branch service area, while keeping all decision-making at the local level. They have branches in Auburn, Biddeford, Brunswick, Kennebunk, Lewiston, Scarborough, Waterboro, and Windham

About the Biddeford and Mechanics Savings Foundation

The Biddeford and Mechanics Savings Charitable Foundation was created in July 2020 and is structured to give back to the communities in a larger, more enduring way. The Foundation’s mission is to help individuals and families in the bank’s local communities meet their basic needs and achieve financial empowerment.

For the first time ever, Boston Fed has majority female board of directors

Jeanne Hulit

For the first time ever, the majority of the Federal Reserve Bank of Boston’s board of directors are female. Our President & CEO, Jeanne Hulit, joined the Boston Fed board in January and recently participated in a panel with her fellow female directors for Women’s History Month.

Read the story on the Boston Fed website

Bank expansion heats up, and Chase’s Maine rollout isn’t the only game in town

Mainebiz recently published an article about bank expansion in Southern Maine, including Maine Community Bank’s new branch and operations center being built in Westbrook and a larger branch being built in Brunswick. Hear from Jeanne Hulit, Maine Community Bank President & CEO, about her outlook on the banking landscape and how Maine Community Bank plans to keep growing to serve the community.

Read the article from Mainebiz

Second Round PPP Loans

Our President & CEO, Jeanne Hulit, was recently featured on News Center Maine regarding the second round of PPP loans for Maine businesses.

Read the article

Joline Dubuc Named Mechanics Savings Lewiston Branch Manager

Joline Dubuc

AUBURN, ME– Mechanics Savings, a Division of Maine Community Bank, recently promoted Joline Dubuc to assistant vice president, branch manager and loan officer based out of the Lewiston branch.

Dubuc joined Mechanics Savings in 2015 as a teller in the Lewiston branch. She moved to the Auburn branch shortly after to be a customer service representative and was promoted to assistant branch manager in Auburn in 2017. In her new role as branch manager, she is responsible for providing superior customer service while fostering relationships within the community, as well as growing the branch and mentoring her team.

Dubuc earned her Bachelor of Science in Business Administration from the University of New Hampshire and her Master of Business Administration in Organizational Leadership from Husson University. She is also a graduate of the Androscoggin Leadership Development Institute and the Northern New England School of Banking. Outside of work, she enjoys hiking and in September 2019, she raised over $2,500 and hiked 23.4 miles for the Make-A-Wish Maine Trailblaze Challenge.

Maine Community Bank Hires David Stolt

AUBURN, ME–Maine Community Bank recently hired David Stolt as Vice President, Mortgage Risk and Compliance Officer based out of the Auburn executive office.

Stolt comes to Maine Community Bank from Northeast Bank, bringing his expertise as a consumer lending compliance officer. In his role as risk and mortgage compliance officer, he is responsible for the daily monitoring of risk and compliance controls within the mortgage lending business. He is also responsible for ensuring compliance with state and federal regulations.

Stolt earned his degree from Vanderbilt University. He spends time volunteering as an American Legion baseball coach, as well as for the Cony All-Sports Boosters and Cony Project Graduation.

Boston Fed announces 2021 Board of Directors

The Federal Reserve Bank of Boston announced today that Jeanne Hulit, president and CEO of Maine Community Bank, has been elected as a Class A director, beginning January 1, 2021. We are proud to have Jeanne represent Maine banks as she helps govern an organization that prioritizes sound growth and financial stability in New England and the nation.

Read the full press release

Jeanne’s board appointment also received additional media coverage from Mainebiz and NEWS CENTER Maine:

Mainebiz article

NEWS CENTER Maine video

Maine CEO elected to Boston Fed Board of Directors |

Marjorie McAvoy Joins Biddeford Savings as Scarborough Branch Manager

BIDDEFORD, ME–Biddeford Savings, a Division of Maine Community Bank, recently hired Marjorie McAvoy as assistant vice president, branch manager of the branch location in Scarborough.

McAvoy comes to Biddeford Savings from Androscoggin Bank, bringing over 15 years of experience in the banking industry. In her new role as branch manager, she is responsible for client relationship building, service, and employee development while adhering to compliance and operational risk control. She has a reputation for mentoring and supporting her team to grow to their full potential while providing excellent customer service.

McAvoy earned her Bachelor of Arts in International Business Management from Southern New Hampshire. She serves as a council member for the Center for Financial Training & Education Alliance. She is involved in the community as a Junior Achievement volunteer and also spends time helping out at the Gray Food Pantry. McAvoy enjoys spending her free time sailing, swimming, and hiking with her family.

Maine banks get more strategic about gender balance on their boards

Gender roles in bank leadership have traditionally been dominated by men, even though nearly half of bank employees are female. Maine banks, including Maine Community Bank, are working to close the gender gap by diversifying their boards of directors and their leadership teams. We are very fortunate to work for a bank that prioritizes gender equality and to have a leader who is one of only two female bank CEOs in the state.

Our President & CEO, Jeanne Hulit, recently spoke with MaineBiz about the importance of diversifying bank boards and leadership in Maine.

Read the article from Mainebiz

Low rates drive mortgage activity in Maine

Maine Community Bank’s own Abi Arsenault, Residential Loan Officer, and Christopher Madura, Customer Service Representative, spoke to NEWS CENTER Maine’s Vivien Leigh about how low mortgage rates are driving homebuying and refinancing activity in Maine, from the perspective of a mortgage lender and a new homeowner:

Refinance and mortgage loans booming in Maine |