Savings bank

Machias Savings Bank Recognized Among Nationally Best Banks to Work for and Best Places to Work in Maine

Machias Savings Bank was recently named one of the Best Banks to Work for by American Banker, in addition to being recognized as one of the Best Places to Work in Maine.

For the seventh year, Machias Savings Bank has been named one of the Best Banks to Work for by American Banker, ranking 8th out of 90 Nationally Recognized Banks. This year, American Banker asked executives of the banks that earned a spot on the list how they deal with the challenges associated with hiring and retaining talent.

Machias Savings Bank CEO Larry Barker noted that while MSB bankers pride themselves on nurturing relationships with customers and communities, some of the most important relationships lie within the walls of the bank. MSB employees strengthen their relationships with each other through events such as free breakfasts on Fridays, an Employee Appreciation Week, and seasonal door decorating contests. They also have the ability to put themselves in other people’s shoes through shadowing programs and other programs that give employees the opportunity to see what it’s like to work in different areas of the bank.

Machias Savings Bank was also recognized as the # 2 Employer in the “Large Employer” category in the annual Best Places to Work in Maine Ranking, a program dedicated to identifying and recognizing the best employers in the world. ‘Status and providing organizations with valuable employee feedback.

“We are so proud that over our more than 150 year history in Maine, we have not only fostered lasting relationships with our customers, but also invested in employees who truly believe in our commitment to the community.” , said Barker. “This engagement starts internally, and we’ve seen the ripple effect across Maine as our team comes together every day to find new ways to say ‘yes’ to help our communities grow.”

The bank continues to increase its workforce, maintains a retention rate for new hires around 90% and is actively recruiting for a number of positions. You can find more information about career opportunities at Machias Savings Bank at

With nearly $ 2.2 billion in assets, 300 employees and 15 branches from Portland to Caribou, Machias Savings Bank seeks to advance Maine through financial health, one person, one business and one community at a time. Founded in 1869 and a leader in customer experience and community, Machias strives to extend its impact beyond products and services through community giving, its employee volunteer program and by personalizing each customer relationship to help Maine businesses and individuals find their “YES!” More details about Machias Savings Bank can be found online at FDIC member.

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