DAMARISCOTTA — The First, N.A., a 150-year-old Maine community bank based in Damariscotta with 16 locations from Boothbay to Bangor to Eastport, is unveiling a new name.
Tony McKim, president of The First, N.A., announced the change in name to First National Bank on Feb. 1.
Over the last 18 months the leadership at several of Maine’s top banks has changed. McKim himself is one of five new bank CEOs to take over the helm of a Maine bank, including the newly named First National Bank, Bangor Savings, Machias Savings, Bar Harbor Bank & Trust and TD Bank.
The First National Bank’s new vision is about creating an atmosphere of creativity, motivation, enthusiasm and service.
“At its core, our vision as a bank is to listen to each other and to collaborate to help Mainers achieve their dreams,” McKim said. “We’re empowering our employees to help make our customers’ dreams come true, whether that’s purchasing their first home or car, opening a business or planning for retirement.”
On Jan. 28, the bank’s board of trustees voted to initiate a name change from The First, N.A. to First National Bank. The new name is intended to eliminate confusion that The First is indeed a bank. The new name is also something of a return to the bank’s roots. The First N.A. was created in 2005 when First National Bank of Bar Harbor combined with First National Bank of Damariscotta.