FOR IMMEDIATE RELEASE
January 6, 2025
SKOWHEGAN, MAINE Skowhegan Savings Bank is pleased to announce the promotion of Vicki Alward to executive vice president (EVP), chief operating officer (COO). With 17 years at the bank, Alward has played a key role in its growth and community commitment.
As COO, Alward will oversee day-to-day operations, including operational risk, compliance, process efficiency, and technology. Her expertise will enhance performance, drive innovation and maintain the high customer service standards Skowhegan Savings is known for.
Alward joined the bank in 2006 as vice president, risk management officer, advancing to senior vice President, chief risk officer in 2015 and EVP, chief risk officer in 2023. Her leadership has positioned Skowhegan Savings as a trusted community partner.
“Vicki’s promotion reflects her leadership and commitment to excellence,” said CEO, David Cyr. “Her experience and strategic vision will be crucial to advancing our operations.”
“I’m honored to continue serving the bank and community,” said Alward. “I look forward to working with our team to further build on the bank’s commitment to exceptional service and innovation.”
This promotion coincides with the leadership transition at Skowhegan Savings. David Cyr, president and CEO, will retire at the end of 2025 and
Dan Tilton, currently EVP of sales and customer relations, will assume the roles of president and CEO on January 1, 2026.
“Vicki’s promotion reflects a strategic approach to the bank’s future,” said Tilton. “Her deep knowledge and leadership will be key as we focus on innovation and operational efficiency.”
Before joining Skowhegan Savings, Alward was a CPA at Berry Dunn McNeil and Parker and served as a loan review officer at another bank. Her background in finance and operations will be an asset in her new role.
A Thomas College graduate, Alward is active in her community, serving on the boards of the Somerset Economic Development Corporation, Redington-Fairview General Hospital and the Skowhegan Savings Charitable Foundation. A native of Madison, Maine, she now resides in Cornville.
