Saco & Biddeford Savings Institution Announces Senior Management Promotions

Saco & Biddeford Savings Institution (SBSI) is pleased to announce several senior management promotions throughout the bank. 

Bill Kany has been promoted to Executive Vice President, Chief Risk Officer. The nature of this promotion will broaden his scope of responsibilities, while maintaining his current duties as in-house counsel. Kany oversees the bank’s Risk, Compliance, Audit, Human Resources, and Commercial Lending departments. Kany graduated from Thornton Academy, Dartmouth College and the University of Maine School of Law. After law school graduation, Kany clerked for the Honorable, Thomas J. Lydon at the United States Claims Court in Washington D.C.  After his clerkship, he went to work for Smith & Elliott, PA in Saco until 2010 becoming a partner in 1988. His practice areas of focus were real estate, transactional work, real estate litigation, business entity representation, banking and estate planning to name a few. One of his primary clients was Saco and Biddeford Savings, and in October of 2010, he started his employment with the Bank. He shared, “My Dad retired as President of SBSI in 1995. I have been a customer of the bank for as long as I can remember. The bottom line is that SBSI is in my blood, and I have nothing but respect for this institution and its tradition of being a pillar of our communities. My promotion is an opportunity for me to be a part of the leadership that will perpetuate the traditions of SBSI while adding to the foundational character of this bank built by the leaders and employees who came before us. While I will continue to help everyone as in-house counsel, I truly welcome the challenge and opportunity to provide some leadership in the twilight of my career while continuing to work with an incredible team of dedicated people.”

Matthew Cyr has been promoted to Senior Vice President, Chief Banking Officer. Cyr provide guidance to the Residential and Consumer Lending, Retail Banking, and Customer Care Departments. Cyr joined SBSI with 20 years’ experience and has been an important member of SBSI leadership for the last 13 years. He shared, “In my new role, I am excited to bring a holistic approach that revolves around leadership, vision, customer-centricity and team development. I believe that effective leadership starts with a clear vision, and I intend to provide a strategic direction that aligns with our bank’s reason for being. I look forward to fostering a customer-centric culture within the organization, where every decision is guided by our commitment to enhancing the customer experience. This means not only delivering innovative banking solutions but also actively listening to our customers, understanding their evolving needs, and tailoring our services accordingly. Team building and development will be a cornerstone of my approach. I believe that a motivated and well-equipped team is the driving force behind any successful banking organization. I plan to contribute to our employees’ growth, fostering a culture of collaboration, continuous learning, and professional development.”