NORWAY, Maine – Norway Savings Bank is proud to announce the promotion of Dan Walsh, Executive Vice President, Commercial Lending as the bank’s 17th President. Walsh brings 40 years of banking and commercial lending experience to his new role. Patricia Weigel, current President and CEO, becomes Chairwoman of the bank’s board of directors and will remain as CEO until her retirement in December 2021.
Founded in 1866, Norway Savings Bank is a leading mutual bank headquartered in Norway. With more than $1.4 billion in total assets, Norway Savings Bank has 24 locations and operates divisions in asset management, personal banking and business banking.
Walsh started his banking career working in the mailroom of his hometown bank in Malden, Massachusetts. He moved to Maine in 1992 with his wife Lynda to be near her family and to raise their family. In 1997, Walsh joined Coastal Bank as Vice President, Commercial Lender. Norway Savings Bank acquired Coastal Bank in 2001 and Dan remained as Vice President until 2007 when he was promoted to Regional Vice President overseeing Norway Savings Bank’s southern Maine markets. In 2011, Walsh was promoted to Senior Vice President, assuming overall leadership of the commercial lending team and in 2016 he was promoted to Executive Vice President.
During Walsh’s 23 year tenure at Norway Savings Bank, he has demonstrated loyalty, commitment, and a strong desire for achievement at the highest levels. “For Dan, opportunities to build and strengthen relationships with employees, customers, and members of the community are what motivate him each day. No doubt, Dan will continue to build on the legacy that makes Norway Savings Bank one of the most successful community banks in Maine,” said Weigel.
In 2020, under the direction of Walsh, the bank made more than 1400 Paycheck Protection Loans to help small businesses weather the COVID19 storm. “As we continue to navigate through the pandemic-related challenges that have created hardships for so many, we remain firmly committed to our mission of delivering the best banking experience in Maine by creating opportunities and building relationships with our customers, our employees and our communities,” said Walsh. “It is my honor to serve as the 17th President in the 154 year history of Norway Savings Bank,” he said.
About Norway Savings Bank
Founded in 1866, Norway Savings Bank is a leading mutual banking and financial services company headquartered in Norway, Maine. As of June 30, 2020, Norway Savings Bank had $1.418 billion in total assets. Norway Savings Bank has 24 branch locations and operates divisions in asset management, personal banking and business banking. In 2016, Norway Savings Bank was honored as one of the Best Banks to Work For by American Banker and Best Companies Group as well as one of the Best Places to Work in Maine. In 2020, Norway was recognized with the “Best Wellness Employer – Gold Certification” by Wellness Workdays for the second year in a row. BauerFinancial has designated Norway Savings Bank the “Best of Bauer” for earning and maintaining its highest 5-star rating for 30 continuous years. For more information, visit www.norwaysavings.bank