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October 26, 2005
Kennebunk Savings Bank today announced it has merged its financial
consulting division, Kennebunk Financial Services with Wolf Financial
Group of Kennebunk. The new entity, to be known as Kennebunk Financial
Services will be headed up by Paul Wolf, MS, CFP®, CLU and ChFC who
has been named President of the Division.
In naming Wolf to head up the division, Joel Stevens, President and
CEO of Kennebunk Saving Bank noted, “Paul and his company have long
been in our sights as a possible good match for Kennebunk Savings Bank
and our subsidiary, Morris Insurance Services. When we determined that
we wanted to meet more of our clients’ financial needs, we even spoke
with him about how we might work together. The timing wasn’t right and
we both went our separate ways.”
“In 2003 we hired John Gurski, CFP® to help us select a broker-dealer
and get us up and running” stated Stevens. “He has done a great job
and we are extremely encouraged by the reception he has enjoyed from
customers and the top quality service he has provided them. However,
we soon realized that in order to meet more of our clients’ needs,
that we needed to expand, and quickly. We, once again, connected with
Paul and this time, the timing was right. We are delighted to be
adding the Wolf Financial Group and Paul with his impeccable
investment and insurance advisory skills to our staff. We think this
is good news not only for Kennebunk Savings Bank, Morris Insurance,
and Kennebunk Financial Services customers, but for Wolf Financial
Group clients as well. John Gurski, along with Koriahn Doughty,
Catherine Nelson and Tammy Kilton will make up the initial staffing of
the division.”
Paul Wolf has been assisting clients in investment management,
retirement and estate planning, as well as tax reduction strategies
for over 20 years. A graduate of the University of New Hampshire, he
received an MS degree in financial planning from the College of
Financial Planning in Denver, Colorado. In the course of his career he
has earned many awards and honors including the Linsco/Private Ledger
“Outstanding Client Service” award.
Wolf presently serves on the adjunct faculty of Merrimack College
(Andover, MA), as well as the graduate school of the College of
Financial Planning, and is active in the local community. He is
Vice-President of the Kennebunk Rotary, a committee member of the
United Way of York County, a member of the Arundel Budget Committee,
director of the Kennebunk Rotary Presidential 5 mile Road Race, and a
music minister for St. Martha’s in Kennebunk.
Kennebunk Savings Bank has a brokerage affiliate arrangement with
Linsco/Private Ledger to provide broker/dealer services on the bank
premises. Securities and insurance products are offered through Linsco/Private
Ledger, member FINRA/SIPC. These products are not a deposit, are not
FDIC insured, not insured by any federal government agency, not
guaranteed by the bank or any affiliate, and may be subject to
investment risk, including possible loss of value.
Linsco/Private Ledger Corp (LPL) is the nation’s number one
independent broker/dealer based on total revenues as reported in
Financial Planning Magazine, June 1996-2005. With over 900 staff
members, LPL is headquartered in Boston and San Diego. LPL has over
5,100 investment professionals located in offices and financial
institutions throughout the United States and has custodied assets in
excess of $65 billion.
Kennebunk Savings Bank is York County’s leading community bank, is a
full service financial institution offering a complete portfolio of
personal and business banking and insurance products. Kennebunk
Savings Bank has been York County’s leading mortgage lender since 1998
and is also a three-time recipient of the Finance Authority of Maine
(FAME) Bank of the Year Award. It is also a recent winner of the Maine
Businesses for Social Responsibility Eagle Feather Award. With over
$650 million in assets, Kennebunk Savings Bank has eleven banking
offices from Kennebunk to Kittery. Through its subsidiary, Morris
Insurance Services, it offers personal and commercial insurance from
offices located in Kittery, Berwick, York and Kennebunk.
For more information contact:
Heather Harris
Community Relations Officer
Kennebunk Savings Bank
1-800-339-6573
Kennebunk Financial Services is a name for
the non-deposit investment program offered by Linsco/Private
Ledger, member FINRA/SIPC, an independent registered
broker-dealer offering securities and insurance products, which
is not affiliated with Kennebunk Savings Bank. These products
are not deposits, are not FDIC insured, not insured by any
federal government agency, not guaranteed by the bank or any
affiliate, and may be subject to investment risk, including
possible loss of value.
Linsco/Private Ledger Corp (LPL) is the nation’s number one
independent broker/dealer based on total revenues*, with over 900 staff members
headquartered in Boston and San Diego. LPL has over 5,100
investment professionals located in offices and financial
institutions throughout the United States and has custodied
assets in excess of $65 billion.
*Financial Planning Magazine, June 2005 |
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