Last week, Chairman Pasquale Maiorino, Esq. welcomed Androscoggin Bank's Board of Directors, Corporators and employees to our 142nd Annual Meeting, held at the Ramada Inn and Conference Center in Lewiston.
Our President and CEO, Paul H. Andersen, reported that at year-end, Androscoggin Bank’s 2011 profit was the third highest in company history. Net income was more than $3.8 million and exceeded 2010 by more than $600,000. The Bank’s total assets grew by $14.2 million to $707.1 million.
And we have much to look forward to this year, as well.
Androscoggin Bank’s 2012 strategic goals encompass four pillars of excellence: People, Quality, Client, and Performance. We are continuing to embrace innovative new technology solutions to better serve customers, and adapting a “dialogue banking” concept. Beginning in February 2012, the Minot Avenue, Auburn, ME branch will undergo a renovation. Also, to further enhance the customer experience, Androscoggin Bank is working to introduce new mobile banking solutions in Q1 2012.
In 2011, Androscoggin Bank maintained its commitment to the community donating nearly $190,000 to organizations across the State of Maine. We are proud to continue this tradition in 2012, and look forward to making a positive impact in our community.
Here's to a great year ahead!
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