Saco & Biddeford Savings Institution has promoted Old Orchard Beach native Mike Rague to branch manager of his hometown branch.
Rague is a graduate of Old Orchard Beach High School and Emmanuel College in Boston. Before the promotion, he held the title of assistant branch manager, a role that Thornton Academy graduate Tyler Lebel will take over with Rague's promotion.
“Applying at Saco & Biddeford Savings Institution was one of the best decisions I ever made," Rague said. "Finding a career in my hometown gave me the opportunity to serve the communities I grew up in, and I love so much.”
As Old Orchard Beach continues to grow, Rague’s goal is to listen to the people, businesses, and organizations as they continue to expand and find ways Saco & Biddeford Savings can help.
Lebel earned an accounting degree from Merrimack College in Massachusetts after graduating from Thornton Academy in 2015. He joined Saco & Biddeford Savings as a seasonal employee and turned the opportunity into something more permanent when he became a full-time customer relationship associate.
“I have exceptional co-workers, and I’ve had the chance to work in every one of our branches,” said Lebel. “The customers we have in Old Orchard have deep community roots, and that’s what I love most about working in this location.”
The management changes follow the retirement of Carolyn Lamontagne after 43 years of service to the Old Orchard Beach community.
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Founded in 1827, Saco & Biddeford Savings is Maine’s oldest bank. For 195 years, SBSI has continued to meet the ever-changing needs of the customers and communities it serves. Fulfilling its commitment to mutuality, SBSI has contributed more than $4.7 million to area organizations over the last 10 years. For more information, visit www.sbsavings.bank, Instagram at @SBSavings, Facebook at @sacobiddefordsavings, or visit one of their locations in Saco, Biddeford, Old Orchard Beach, Portland, Scarborough, South Portland or Westbrook. Member FDIC and an Equal Housing Lender.
