Meet the Staff

Staff works directly with the Board, Loan Committee and Advisory Panel to carry out each of their roles and have extensive management and lending experience in operating loan funds through CDFI, FAME, HUD/CDBG, SBA ILP and USDA/RD.

President:
William O Armitage II

  • Masters in Public Policy & Management – University of Southern Maine, Edmund S. Muskie School of Public Service, May, 2001
  • BA – Economic & Management – Beloit College, May, 1990
  • Economic Development Finance Professional Certification – National Development Council, August, 1998
Mr. Armitage joined the Southern Maine Finance Agency (formerly Biddeford Saco Area Economic Development Corporation), in February of 1996 and is responsible for the overall management/administration and operation of the corporation and its staff; including loan program administration, portfolio management, marketing, business development, strategic planning, financial and budget management and grant administration as well as development of new finance programs. Prior to joining the corporation, Mr. Armitage was the commercial loan officer for the Lewiston-Auburn Economic Growth Council serving the Cities of Lewiston and Auburn and held various positions with the Retail Banking Department of Casco Northern Bank, then Bank of Boston. He has served as an instructor for the Economic Development Council of Maine and Grant Management Systems, given lectures on Economic Development Financing at the Muskie School at the University of Maine and participated in seminars in Biddeford-Saco and York County.

Will currently serves as Chair of the Pine Tree State Community Development Corporation and has served as an officer/chair of the York County Community College Foundation and the Economic Development Council of Maine boards of directors. Additionally, Will has served on the Federal Reserve Bank of Boston’s Community Development Advisory Council, as well as other local community committees and was elected to the Falmouth Town Council for two terms. He is a graduate of the Leadership Maine Program and a recipient of the Finance Authority of Maine Dirigo Award.

VP Loan Officer:
Christina D. O’Brien

  • BA – Accounting – Assumption College, May, 1990
  • Economic Development Finance Professional Certification – National Development Council, September, 2015
Mrs. O’Brien joined the corporation in July of 2004 as the Office Administrator and was promoted to Loan Officer in September of 2014. Chris is responsible for the daily administration and management of the corporation’s loan programs, including loan analysis, loan packaging, and administration. Additional responsibilities include daily clerical and administrative support activities for the organization. Prior to joining the corporation, Mrs. O’Brien held various office administration and management, and sales positions in the telecommunications and health care industries.

VP Loan Officer:
Stephen Lovejoy

Portfolio Manager:
Troy Hendrickson

Troy joined the staff of Southern Maine Finance Agency in 2019. He has worked in financial services for 17 years. Troy studied French at the University of Southern Maine. He takes pride in delivering exceptional service to our clients. Troy has been actively involved in the local community, serving on various boards and committees.

"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