Gorham Savings Bank promotes new chief financial officer from within

Jane Stack of Windham has been promoted to
Chief Financial Officer for Gorham Savings Bank.
SUBMITTED PHOTO

Gorham Savings Bank, a leading southern Maine financial services institution, has named Windham resident Jane Stack as its new chief financial officer effective Jan. 1.

In her new role she will report to Steve deCastro, the bank’s president and CEO.

Stack was most recently senior vice president, controller, where she oversaw and led the bank’s Finance, Accounting, Accounts Payable and Proof Departments. Those departments play an integral role in preparing and managing the bank’s financial statements and budget, as well as monitoring liquidity.

Her career at Gorham Savings Bank began in 1996 as a teller in Gorham. She worked her way up through branch administration to the commercial loan division through finance and accounting to SVP, controller.

“Jane’s broad experience and knowledge of GSB positions her well for her new responsibilities as our CFO,” said deCastro. “Over her time at the bank, she has willingly taken on new challenges in her accomplished career. I am so pleased to promote her to our Senior Leadership Team.”

She will succeed Dan Hunter, the bank’s current chief operating officer and chief financial officer. Hunter retired at the end of 2021 after more than 20 years serving in that position.

According to deCastro, Gorham Savings Bank plans to announce a new chief operating officer later this month.

Stack earned a Bachelor of Arts degree in Business Administration from St. Joseph’s College, a master’s degree in science and a master’s degree in business administration from Husson University (formerly Husson College). She serves on the board of Girls on the Run and has volunteered at MaineHealth’s COVID-19 vaccination sites.

Headquartered in Gorham, Maine since its founding in 1868, Gorham Savings Bank is a depositor-owned community bank delivering a full suite of financial services tailored to the needs of Southern Maine's businesses and consumers.

As the only bank headquartered in Cumberland County, GSB serves and supports businesses that value local management, know-how and accountability. The bank offers consumer savings accounts, personal loans, mortgages, HELOCs, CDs, IRAs and financial planning services through its 12 branches and growing network of ATMs, Video Teller Machines and mobile services.

Gorham Savings Bank is a tireless advocate for the well-being of the communities it serves, donating thousands of volunteer hours to dozens of community-based initiatives annually. Gorham Savings Bank is a member of the FDIC and an equal housing lender.

Learn more at gorhamsavings.bank <