New “business center” offers commercial loans

ELLSWORTH — Franklin Savings Bank on Monday opened a satellite office on Oak Street, near the intersection with State Street. It’s not your typical bank branch but a “business center.”

“The business center is designed to perform commercial loans and remote deposit services,” said Amanda Look, a George Stevens Academy graduate and the vice president for commercial banking at the business center. “So it’s not a branch with a teller line. It’s a loan production office.”

“Franklin Savings Bank is equipped to handle all types of loans,” Look said. “We can do everything.”

Noting the empty storefronts on Main Street, Look said, “We know there’s a lot of space there, so we would be interested in starting a conversation with anyone interested in opening a business there.”

Headquartered in Farmington, Franklin Savings Bank already has branches in western and central Maine.

“I look forward to showing the customers of Downeast Maine what Franklin Savings Bank can offer,” said Peter Judkins, the bank’s president and CEO, in a press release. “We pride ourselves on building strong customer relationships by simplifying the process for our business partners.”

The plan is for the bank to build new relationships with businesses in the area. Look, who has worked in banking in the Ellsworth market area for 12 years, has a head start. Derek Hayes, the bank’s director of commercial lending, also has over 10 years of commercial lending experience in Washington and Hancock counties.

David Roza

David Roza

Former reporter, David Roza grew up in Washington County, Maryland, has reported in Washington County, Oregon, and covered news in Hancock County and Washington County, Maine for The American and Out & About.

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