Expanding in Ellsworth with Full-Service Branch
Ellsworth, Maine – Franklin Savings Bank is proud to announce the opening of its new full-service branch at 181 State Street, expanding its footprint in the Downeast region with enhanced services for both personal and business customers.
The bank has served the Ellsworth community since 2018, initially operating as a business lending office. Now, after eight years of growing relationships and listening to local needs, Franklin Savings Bank is expanding its services to include consumer and business deposit accounts, mortgage lending, and full-service banking.
“Our journey in Ellsworth has always been a shared one – with our customers, neighbors, and local partners,” said Derek Hayes, Executive Vice President and Chief Lending Officer. “To see how far we’ve come – building relationships, deepening our presence, and now opening a full-service branch – it’s truly remarkable. This growth reflects the trust of our customers and our ongoing commitment to the Ellsworth community.”
The new branch is staffed by a team of local professionals who live and work in the Downeast area, including Branch Manager John Morse, and Commercial Lenders, Crystal Richards and Timothy Tunney. From the start, we’ve built our team around people who know Ellsworth, care deeply about its future, and are proud to call the region home.
“The Franklin Savings Bank brand has always been about people – being there on day one, and every day after,” said Tim Thompson, President and CEO. “We’re not only opening a new branch, we are advancing our investment and commitment to the greater Ellsworth market area.”
To celebrate the expansion, Franklin Savings Bank will host a Grand Opening Celebration on June 9 from 4:00 to 5:30 p.m. at the new branch. The public is invited to stop by for light refreshments, meet the team, and explore the newly constructed space.
“Whether you’ve been with us from the start, or just getting to know us, we hope you’ll join us,” said Morse. “We’re here to grow with Ellsworth, and we’re honored to be part of this community.”
Founded in 1868, Franklin Savings Bank is a community-focused financial institution that serves Maine’s western, central, and Downeast regions from eight locations. With a reputation for strong customer service and deep community involvement, the Bank offers a wide range of products and services.