About Kennebec Federal Savings

There's only one bank that can truly call itself “Waterville's own”—Kennebec Federal Savings.

Kennebec Federal Savings is the only bank to continually invest in the Waterville community for more than 80 years. Both of our full-service locations are right here in Waterville.
What does our Waterville focus mean to you? It means our employees are involved in your community—just like you. We support the businesses and organizations right here. We'll keep your deposits working here, through loans and donations. And you don't need to worry about your mortgage leaving our Waterville offices; you can walk in anytime with questions.

Kennebec Federal Savings will take the time to get to know you before we recommend a checking account, money market account, CD, or IRA for you. Our lenders will analyze your individual circumstances to be sure we are providing you the best possible options. We're here to help you achieve your dreams and goals!


Kennebec Federal Savings was founded in 1936 as a mutual (customer-owned) financial institution. Born in the middle of the Great Depression, Kennebec Federal Savings has withstood economic ups and downs, all the while doing what it was chartered to do—serving the housing and financial needs of the Waterville area. Today, KFS is strong financially and has plenty of money to lend.

Kennebec Federal Savings is the only bank whose base of operations is right here in Waterville, Maine, with both our bank locations right here.  That means all decisions are made locally, all loans are serviced right here in Waterville, and you can stop by anytime to see any of our staff, including the President.

Over the years, Kennebec Federal Savings has continually reinvested in the Waterville community. That’s because, as bank President Allan Rancourt says, “Our home is here, just like yours.”

Kennebec Federal Savings initially was located in the Council Chambers at Waterville City Hall.  Later, the bank moved into an office on Common Street, remaining there until 1975, when the bank moved to its current downtown location, at 70 Main Street.  In 1986, the bank physically doubled in size with the acquisition of the adjacent Dunham’s building.

In 2007, Kennebec Federal Savings opened a second office at 11 Washington Street, just off Kennedy Memorial Drive, in Waterville.  After considering locations in other communities, KFS chose to expand its commitment right here in Waterville.  The Washington Street office provides drive-up conveniences, which could not be added at the downtown location. Comfortable seating, coffee bars, and internet banking stations are available at both locations.

KFS Honored as a “Best Place to Work in Maine”

For 6 years in a row (2014 - 2019), Kennebec Federal Savings is honored to be selected as one of the “Best Places to Work in Maine.”  The “Best Places to Work in Maine” program was created in 2006 by the Society for Human Resource Management-Maine State Council and Best Companies Group.  The survey and awards program was designed to identify, recognize, and honor the best places of employment in Maine, benefiting the state’s economy, its workforce, and businesses.

“Fight the Freeze” Campaign

Continuing our charitable holiday tradition, Kennebec Federal Savings hosts an annual Fight the Freeze campaign.  Every year right before the heart of Maine’s winter, KFS collects mittens and gloves from our local community.  Collection boxes are located at all Kennebec Federal Savings branch locations. 

In January, KFS employees package all donations and deliver them to local Waterville, Maine residents in need to “Fight the Freeze.”  The campaign is always a success. We have a charitable loving community. Thank you to everyone who has participated in our Fight the Freeze campaign.

Jeans Day

Here at Kennebec Federal Savings, we are passionate about giving back to our community on an ongoing basis. That’s why we offer “Jeans Days” for our employees every Friday, when employees are given the option of wearing jeans. Each employee who does so, also makes a donation to a local charity.  Each month the recipient of the donation changes.

 KFS Careers Contact KFS


Find UsLocation & Hours Call UsToll-Free (888) 249-0606 Send aSecure Message Like Uson Facebook

Next Section

Back to Top