AUBURN — The board of directors of Auburn Savings Bank announces the May 1 retirement of longtime bank president and director Allen Sterling.
Sterling joined Auburn Savings in June 1996 and, as president, oversaw the 2004 building of the bank’s second location in Lewiston. Additionally, he led the 2008 public stock offering that resulted in the creation of Auburn Savings’ holding corporation Auburn Bancorp. It is also notable that, during his term as president, the bank’s assets more than doubled.
Sterling has committed his career of nearly 40 years to community banking in Maine. Prior to joining Auburn Savings he held the position of chief financial officer at Skowhegan Savings Bank.
The current management team of Bill Tracy, senior lender, Martha Adams, operations officer, and Tina Wood, controller, will lead Auburn Savings through the transition. Tracy will take on the day-to-day responsibilities of interim president while the board of directors identifies and appoints a new president.
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