Board of Directors

Our Board of Directors is comprised of 18 business and municipal leaders from York County and the State of Maine, including 2 City of Biddeford appointees, 2 City of Saco appointees, 2 Sanford Regional Economic Growth Council appointees, 1 Biddeford-Saco Chamber of Commerce & Industry appointee, 1 Kennebunk Development Corporation appointee, 1 Southern Maine Planning & Development Commission representative and 9 internally elected directors (3 Biddeford and Saco residents or business owners, 3 York County residents or business owners and 3 State of Maine residents or business owners). Each of these directors brings unique experience and perspective on economic development initiatives in the region and the State, described as follows:

Marshall Archer, Councilor, Ward 1, City of Saco, Maine.  Councilor Archer is a representative of the City of Saco.

Lorraine Boston, Retired bank officer, Sanford.  Mrs. Boston is a “York County Elected Director” and she currently serves as SMFA’s Vice President.  She is a graduate of America’s Community Banker Senior Leadership and New England School of Banking at Williams College.  She is an alum of the Leadership Maine program with extensive experience in financial institutions and lending.  Currently Mrs. Boston serves as Chair of the York Hospital Board of Directors as well as a committee member of the Greater Portland Council of Governments and Financial Advisor for the York County Community Foundation.

Alan Casavant, Mayor, City of Biddeford, Maine.  Mayor Alan Casavant serves on the Board as a representative of the City of Biddeford.  Mayor Casavant is a former Biddeford City Council and Council President.  He taught Psychology and American Studies, Global Studies, and U.S. History at Biddeford High School until his retirement in 2011.  Mayor Casavant served four terms serving Maine House District 137 covering Biddeford and Kennebunkport, and is termed out.

Denise Clavette, Planning & Development Director, City of Saco, Maine. Mrs. Clavette is a representative of the City of Saco by virtue of her position.

Mathew Eddy, Director of Economic Development, City of Biddeford, Maine. Mr. Eddy is a representative of the City of Biddeford by virtue of his position.

Brian Haley, President and CEO of Haley’s Metal Shop, Inc., a 5 generation HVAC contractor located in Biddeford with over 100 years of service.  He is a graduate of the University of New Hampshire with Bachelor’s degree in Mechanical Engineering.

Dick Hodgdon, Retired Manager, Maine Department of Labor Saco, Maine.  Mr. Hodgdon is a “Saco Elected Director” and he currently serves as our President.  He is a graduate of the University of Maine in Augusta with a BS in Business Management and is Vietnam era Veteran from the US Army.  He has 25 years of professional experience directing the Labor Exchange System in Southern Maine.  In addition to his activities with us, he has served on the Biddeford-Saco Chamber of Commerce & Industry and the Saco Main Street Board of Directors.

Keith Jacques, Esq., Partner, Woodman, Edmands, Danylik, Austin, Smith & Jacques, P.A., Biddeford, Maine.  Mr. Jacques is a “Biddeford Elected Director” and serves as the Agency’s Secretary.

Andy Kany, Biddeford-Saco Chamber of Commerce & Industry Representative, Biddeford Maine. 

Robert Nadeau, Retired bank officer, Scarborough, Maine.  

Jim Nimon, Executive Director of the Sanford Regional Economic Growth Council, SREGC  Sanford, Maine. Mr. Nimon is a representative of the Sanford by virtue of his position at SREGC.  He is a graduate of the University of Maine and has worked extensively in state government in the Maine Department of Economic & Community Development as well as a Senior Economic Advisor in the Office of the Governor.

Richard Olsen, CFO, Southern Maine Health Care, Biddeford, Maine.  

Betty Olson, Commercial Loan Officer, Scarborough, Maine.  

Gary Samia, Board Member of the Sanford Regional Economic Growth Council, Sanford, Maine. Mr. Samia is a representative of the Sanford by virtue of his position at SREGC.

Paul Schumacher, Executive Director of Southern Maine Planning & Development Commission, Saco, Maine.  Mr. Schumacher is a representative of the Southern Maine Planning & Development Commission by virtue of his position. He is a graduate of the University of New Hampshire with a Master’s degree from Tufts University. Paul has almost 30 years of experience in planning and urban development in the public and private sectors in Maine and Massachusetts.

Jan Williams, Retired Accountant, Hiram & Portland, Maine.  

Loan Committee

The Loan Committee is composed of 10 individuals, including 8 appointed by the Board of Directors and two representatives of the corporation’s Board of Directors. The Committee, made up of citizens from York County with backgrounds in law, accounting, banking, finance and business, approves all loan requests.  All loans are administered through a computerized loan servicing software package offering a multitude of options and report generating capabilities.

"SMFA urged us to think bigger than we were. We are really excited about the potential for our business and to be able to do what we love, right here in Maine."

Derek Bedford

Possum Hollow Farm Soaps

"I approached SMFA for a loan and they worked with me to find exactly the right combination of funding sources to provide my company with the money it needed, at the right rate, in a timely manner."

Mike St. Pierre

Hyperlite Mountain Gear