FOR IMMEDIATE RELEASE
For more information contact:
Barbara Gaul, Vice President, Marketing
Bath Savings Institution
1-800-447-4559 or bgaul@bathsavings.com
Pendleton Retires from Bath Savings Institution Board
Bath, Maine (August 22, 2011) – President & CEO Glenn Hutchinson announced the retirement of Bath Savings Institution trustee Ronald E. Pendleton. A resident of South Bristol, Pendleton has served as abank trustee since 1988. Board members are selected from the bank’s corporators and they live and work in the coastal communities in the bank’s market region. The trustees deal with a range of policy issues and general oversight of the bank’s business.
Ron Pendleton became a corporator of the bank in 1977 and has served as a trustee for the past 23 years. During his years on the Board, Pendleton saw massive growth and expansion for the local institution. The bank expanded from one branch office and $58 million in assets in 1977 to eight branches and over $650 million in assets today.
Pendleton also recently retired after 55 years as avolunteer fire fighter and 20 years as Bristol Fire Chief. He and his wife Jeri have received many community service recognitions including the WCSH 6 Who Care Award.
“He embodies the bank’s mission of keeping our hometowns safe and strong and is a great example to all of us,” said President Hutchinson. “He will be sorely missed on our Board.”
Pendleton was honored by the Board of Trustees and senior management of the bank at the Robinhood Free Meeting House in Georgetown on August 10. Chairman of the Board Brian M. Perkins thanked Pendleton for his strong commitment to the bank and his steady, thoughtful guidance on the Board of Trustees.
Bath Savings Institution has eight full service banking offices on the coast of Maine from Damariscotta to Portland. Information is available on the Web at bathsavings.com or by calling 1-800-447-4559.
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