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Kennebunk Savings Bank

A Maine mutual savings bank chartered in 1871, serving customers in Maine and New Hampshire with personal and business banking and insurance.

Last updated September 16, 2026

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Overview

Kennebunk Savings Bank is a community bank that was chartered on February 9, 1871, when a group of Kennebunk citizens established a Maine mutual savings bank. It opened for business on May 1, 1871, and has since expanded through branches in York County towns and by acquiring Morris Insurance, now Kennebunk Savings Insurance. The bank describes itself as relationship focused and operates a Community Promise under which it pledged more than 30 years ago to give 10% of its annual earnings to local nonprofits.

History

On February 9, 1871, a group of Kennebunk citizens chartered a Maine mutual savings bank to create Kennebunk Savings Bank. A meeting was held at the home of Joseph Titcomb on April 4, 1871, to elect the new mutual savings bank's officers; Joseph Dane was chosen as President of the Board of Trustees, and Morton Littlefield was chosen as the first Treasurer and Secretary. On May 1, 1871, Kennebunk Savings opened for business in a small building known as "Old Brick" that it shared with the Ocean National Bank. On its first day of business nine accounts were opened, and by the end of the week there were nineteen accounts totaling $1,272. In 1965 Kennebunk Savings purchased the building from Ocean National Bank and began an extensive program of expansion. Branches were opened in York (1969), North Berwick (1971), Wells (1975), Kennebunkport (1983, now Lower Village), Ogunquit (1983) and Eliot (1985). In the 1990s the bank acquired Morris Insurance, now Kennebunk Savings Insurance.

Products and positioning

Relationship focused community bank

  • Personal banking

  • Business banking

  • Insurance (Kennebunk Savings Insurance)

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