Machias Savings Bank Welcomes New Corporators

Machias, ME (July 7, 2025) – Machias Savings Bank welcomed four new corporators at its annual meeting on May 29, where they were voted on and approved by more than 160 officers, directors and corporators in attendance. The newly named corporators are Pete Klein, Justin King, Edward Hensen and Nick Ireland.

Pete Klein is a shareholder at Drummond Woodsum, the largest Maine-based law firm. He represents banks and developers in commercial finance and real estate development, with a focus on projects utilizing historic and low-income housing tax credits. Klein has a longstanding relationship with Machias Savings Bank, dating back to his time as a closing attorney in Bangor. He continues to work closely with the bank today, most recently representing the Northern Forest Center in a historic rehabilitation project where Machias Savings Bank served as the federal tax credit investor.

Justin King is the founder and president of King Construction Services, based in Downeast Maine. Since launching the company in 2006, he has grown it into a regional leader in residential and commercial construction, with projects ranging up to $40 million. He also co-owns IMK Properties LLC, a real estate development business managing more than 40 apartment units across Washington County. King and his family live in Northfield and maintain a strong business presence in the Machias area.

Edward Hansen recently returned to Maine after seven years in Sweden, where he served as global director of product management for a major international industrial company. With more than 30 years of business and product development experience, Hensen is now focused on building NordHavn, a sustainable real estate and hospitality brand inspired by Nordic design. His projects in Midcoast Maine reflect his commitment to innovation and redefining eco-luxury communities.

Nick Ireland, CPA, is chief financial officer of Seven Islands Land Company in Bangor. With over two decades of experience in public accounting and financial leadership, Ireland has served as CFO for several major forest products companies operating across Maine and Canada. He is a licensed CPA and active community leader, having served on multiple nonprofit boards and finance committees.

“We’re proud to work alongside so many talented Maine professionals who believe in the power of shared success,” said Larry Barker, president and CEO of Machias Savings Bank. “Each of these individuals brings valuable insight, and we’re grateful for their willingness to help us strengthen communities and drive Maine’s progress.”

About Machias Savings Bank

With nearly $2.6 billion in assets, over 300 employees, and 15 branches from Portland to Caribou, Machias Savings Bank seeks to move businesses forward through financial health, one person, one business and one community at a time. Founded in 1869 and a leader in customer experience and community, Machias works to expand its impact beyond products and services through community donations, its employee volunteer program, and by personalizing each customer relationship to help Maine businesses and individuals find their “YES!” More details about Machias Savings Bank can be found online at machiassavings.bank. Member FDIC.