Norway, ME – Norway Savings Bank is proud to announce that Patricia W. Weigel, President and CEO, has been elected to the American Bankers Association board of directors.
“I’m honored that the ABA, which represents America’s banks, has asked me to serve on its board. Our industry, which employs two million people, extends more than $10 trillion in loans and safeguards $13 trillion in deposits, plays a large part in supporting the U.S. economy,” said Weigel. “In my role, I’ll represent America’s banks and, more specifically, the Maine banking industry. Maine banks directly employ more than 8,600 people, hold $27.9 billion in insured deposits and serve 1.7 million individuals, families and small business owners.”
At its annual convention in New York City, the ABA elected Weigel and nine other bankers from across the country as new board members. They join 21 other bankers who are serving terms on the board.
About the American Bankers Association
The American Bankers Association is the united voice of America’s banks—small, regional and large—that employ more than 2 million women and men, hold nearly $17 trillion in assets, safeguard $13 trillion in deposits and extend more than $10 trillion in loans. The ABA believes that government policies should recognize the industry’s diversity and the role as drivers of economic growth and job creation. Laws and regulations should be tailored to correspond to a bank’s charter, business model, local markets and risk profile so banks across America can serve their customers and communities.
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, 2018, Norway Savings Bank had $1.18 billion in total assets and provides financial services to over 38,000 households throughout western and southern Maine. 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 2013, Norway Savings Bank received the Governor’s Award for Business Excellence and has been recognized as one of the healthiest companies in America by the Wellness Council of America (WELCOA) as a two-time Gold-Level Well Workplace award recipient. BauerFinancial has designated 5-Star Norway Savings Bank the “Best of Bauer” for earning and maintaining its highest 5-star rating for 25 continuous years or longer. For more information, visit www.norwaysavings.bank.