Androscoggin Bank Welcomes Rhonda Ferrara as Senior Vice President of Risk & Compliance

Jan. 19, 2012 - PRLog -- LEWISTON, Maine – January 19, 2012 - Androscoggin Bank today announced that Rhonda Ferrara has joined the Androscoggin Bank team as Senior Vice President of Risk and Compliance, where she will be overseeing the development, implementation and administration of the Androscoggin Bank risk management program. Rhonda brings more than 10 years of risk management experience focused on regulatory compliance, audit and internal control functions.

As the Bank’s Senior Vice President of Risk and Compliance, Rhonda will be responsible for identifying and documenting risks, and evaluating and developing appropriate mitigating strategies to contain the risks to manageable levels. Rhonda will also serve as chair of the Information Security Committee, act as liaison to the Risk Management Committee of the board and provide enterprise wide regulatory guidance and oversight in the areas of compliance, BSA and CRA.

Previously, Rhonda served as VP Manager of Compliance and Risk Administration at The Bank of Maine, where she was responsible for community reinvestment, anti-money laundering, quality assurance and enterprise risk management programs. Her experience in banking also includes leadership positions at Accume Partners, TD Banknorth, and Skowhegan Savings Bank, among others.

“I am thrilled to be joining the team at Androscoggin Bank, said Rhonda. “I am anxious to put my skills to work for a true Maine community bank that operates in the community I call home.”

Rhonda received a bachelor’s degree in business administration with an academic concentration in finance from the University of Southern Maine.

About Androscoggin Bank
Founded in 1870, Androscoggin Bank provides financial services to individuals, businesses, governments, non-profits and municipalities. With a commitment to innovation and relationships, Androscoggin Bank believes everything we do for customers, community and colleagues should be time well spent. Androscoggin Bank currently serves communities throughout Maine with branch locations in Lewiston, Auburn, Brunswick, Gray, Jay, Lisbon Falls, Livermore Falls, South Paris, Turner and Portland.

For more information:

Christine Conrad                                                                     Matt Mendolera-Schamann
Androscoggin Bank                                                                 Matter Communications
207-784-9164                                                                          978-499-9250 x243
CConrad@androscogginbank.com                                 androscogginbank@matternow.com

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Founded in 1870, Androscoggin Bank has a long history of providing financial services to individuals, businesses, governments, non-profits & municipalities. Androscoggin Bank currently serves Maine communities with 13 branch locations across the state.