Established in 1866, Norway Savings Bank (“NSB,”) is a 158-year-old, $1.7B state chartered mutual bank. The bank has 300 full-time employees and at its asset size is the 7th largest bank headquartered in the state of Maine. NSB offers a breadth of both loan and deposit solutions for consumer and business banking customers as well as investment and trust services through its Asset Management Group and operates 24 branch locations in western and southern Maine. NSB is in strong financial condition, notably with over 13% Tier 1 capital, and has an approximately $1.1B loan portfolio, with over $1B secured by real estate. As a mutual bank, the bank is governed by its depositors (there are no shareholders), allowing the bank to take a long-term view of success based on customers, community, employees, and strength of balance sheet. With a full suite of mobile and online banking solutions, the bank is the epitome of a modern community bank, balancing local interests and decision making while allowing customers to bank where they want, and when they want. A fantastic corporate citizen, NSB awarded over $1.05MM to 355 Maine nonprofits in 2023 and its employees volunteered over 4,000 hours.
The Commercial Credit Manager, reporting to the VP, Special Assets, leads the daily operations of the Commercial Credit Team, supervising analysts and loan assistants. This role is responsible for evaluating financial and risk factors to support credit decisions and loan structuring, ensuring compliance with laws, regulations, and bank policies. Key duties include managing credit workflows, underwriting complex loan requests, overseeing annual reviews and covenant testing, and advising lending officers. The Manager drives policy improvements, supports regulatory compliance, and fosters team development through training and performance reviews. Additionally, the role involves collaborating with auditors, maintaining portfolio quality, and contributing to loan committee meetings while promoting innovation and operational efficiency.
For additional information, please contact a member of the S&W search team: Nathan Townsend, Partner (ntownsend@smithandwilkinson.com) or Cameron Boyd, Managing Partner (cboyd@smithandwilkinson.com).