Sanford, ME – Blaine A. Boudreau, President/CEO of Partners Bank, has announced his plans to retire on December 31, 2025. Boudreau will step down as President on June 30, 2025, while retaining the CEO position through September 30, 2025. Anthony Cataldi, Executive Vice President/Chief Operating Officer, will step into the roles that Boudreau will be vacating. Boudreau will stay with the organization through December 31, 2025, as a consultant to the management team and the Board.

Boudreau shared his thoughts on his successor, “I am thrilled to have had the pleasure of working with Anthony for many years. Anthony’s accomplishments throughout his career make him an outstanding candidate to lead the organization forward. Over the years, we have developed a strong friendship and mutual respect. I could not be happier for him, his family, and the bank.”

Cataldi is a graduate of St. John Fisher College of Rochester, New York, where he obtained his Bachelor of Science degree in Management with concentrations in Finance and Marketing. He is also a graduate of the Stonier School of Banking. Before joining Partners Bank, Cataldi served in executive leadership roles at Macon Bank, the Lyons National Bank, Baker and Taylor, Inc., and Accenture. He joined Partners Bank in 2011 as the Senior Vice President/Chief Operating Officer. Over the years, Cataldi took on additional roles and responsibilities on behalf of the organization. He successfully guided the bank through two core conversions. He became the Chief Risk Officer in 2014 and, in 2017, became an Executive Vice President/Chief Operating Officer overseeing Lending, Marketing, Branch Administration, Operations, and IT functions. Cataldi has been very active on local, non-profit Boards, including United Way and Waypoint, and has coached youth football and baseball. He is married to Kristin and has two sons, Nick and Jack, and a daughter, Livie.

Bruce McNamee, Chairman of the Board, said, “As an organization, we are very fortunate to have developed internal candidates for senior and executive roles at the Bank. Anthony has tremendous knowledge and capabilities that we are very familiar with that are accompanied by a strong work ethic and dedication to the communities that we serve. The Board has the utmost confidence that the transition will be a smooth one. We are excited for Anthony and the Bank.”

Under Boudreau’s leadership, the Bank has doubled its asset size in less than eight years. Perhaps more importantly, during this period, the Bank has transitioned to a more diversified balance sheet while shrinking the interest rate risk profile. This was accomplished by growing commercial loans, deposits, and related services. Boudreau joined the Bank in 2003 as the Senior Vice President of Commercial Lending. Previously, he held numerous commercial lending roles with Peoples Heritage Bank and its successors, BankNorth and TD Bank. Soon after joining the Bank, he established the Commercial Credit Department and the Risk Management structure at the organization. Prior to ascending to the President/CEO role, Boudreau oversaw the Commercial Credit Department, Collections, Risk Management, Commercial Lending, Retail Lending, Branch Administration and Marketing. Under Boudreau’s leadership, the branch footprint also expanded into Rye and Kingston, New Hampshire. His commitment to the communities the Bank serves was demonstrated by serving on numerous Boards, including United Way of York County, Waban, Tomorrow’s Promise Children’s Center, York County Food Rescue, Kiwanis, Maine Bankers Association, the MBA Trust Board, and as the Maine delegate for Independent Community Bankers Association.

Boudreau commented: “A very sincere thanks to my family, my fellow employees, supervisors, Board members, and mentors who did their best to give me the opportunity to succeed. They all did their job well and made me look good! I owe them all a significant debt of gratitude.”