Kennebunk Savings Bank has appointed a New Chief Risk Officer
April 21, 2025 — Kennebunk Savings Bank is excited to announce Karen (“Kay”) Turmenne as its next Senior Vice President, Chief Risk Officer.
In anticipation of the retirement of the Bank’s current Chief Risk Officer and a respected, longtime leader in the organization, Kennebunk Savings partnered with Smith & Wilkinson to conduct a national search. The search focused on finding an accomplished and visionary risk leader with proven experience in financial services and a leadership style that aligns with the Bank’s values of integrity, collaboration, and community commitment.
Among several impressive candidates, Kay stood out not only for her deep expertise in risk and operations leadership but also for her personable, people-first approach. A seasoned executive, Kay has a strong track record of leveraging technology to automate and streamline operations, improving both risk outcomes and customer experience. Colleagues describe her as a values-driven leader who prioritizes team development and community engagement.
“Kay is a people-first leader who brings out the best in her team. She leads with empathy, integrity, and calm and creates a culture of trust, independence, and growth,” said Moriah Maron, Partner and Director of Recruiting at Smith & Wilkinson. “Her ability to navigate complexity while supporting those around her makes her exceptionally well-suited for this role.”
In her new role, Kay will collaborate closely with colleagues across the Bank to integrate risk insights into strategic decision-making, drive continuous improvement, and help Kennebunk Savings remain a trusted and stable financial partner for its customers.
About Kennebunk Savings Bank
Founded in 1871, Kennebunk Savings Bank is a purpose and innovation driven community bank that has been serving the financial needs of its consumer and small business customers since its founding in 1871. With over $1.8 billion in total assets, the bank is the 8th largest headquarters in Maine and offers a full suite of personal and business loan and deposit solutions. With a new corporate headquarters, a customer-first culture, and a planned leadership transition, KSB is poised to be the best of what a modern, local mutual bank can be.
About Smith & Wilkinson
With over two decades of experience, our Financial Services team has successfully led hundreds of placements across various sectors, including Community Banks, Credit Unions, FinTech, and more. We specialize in sourcing a wide range of financial services positions that cater to different aspects of the industry, ensuring we can connect you with the best talent.
Our search assignments cover all seniority levels and functional areas within the financial services ecosystem, providing our clients and candidates with maximum visibility into the talent market.
Looking to fill a role similar to this Chief Risk Officer position? Partner with our Financial Services team and secure the best talent for your strategic needs.