Rich Allen

RUMFORD — Franklin Savings Bank has promoted Richard “Rich” Allen to the role of vice president, senior commercial loan officer.

Joining the bank in 2001, the Mexico resident has established himself as a critical member of the commercial team, significantly increasing the bank’s commercial customer base in western Maine during his tenure, according to a news release from the bank.

Allen consistently demonstrates an exceptional commitment to fostering relationships with local businesses in the Rumford and Bethel markets. His expertise in commercial lending has helped numerous customers achieve their financial goals and drive economic growth in the region, the bank noted.

“Rich’s extensive experience and profound understanding of the local market have proven invaluable to both our clients and our organization,” Derek Hayes, senior vice president and director of commercial lending, said. “We take great pride in his role as a leader on our team.”

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