AUGUSTA, Maine — Mark Johnson, CEO of the Kennebec Savings Bank, has been elected to the board of the Independent Community Bankers of America. Kennebec Savings Bank is the $667 million community bank that awaits a decision by the members of the $51 million KV Federal Credit Union about converting their CU to a bank and merging with Kennebec Savings.

"I am honored to be elected to this position," Johnston said in a statement following the announcement of his election. "It gives me a chance to work for community banks all across the country, which practice trusted, common sense lending and offer hands-on personal service and invaluable financial expertise to local consumers and small businesses."

"Mark Johnston is a dedicated community banker who is respected by his industry's peers," said Cynthia L. Blankenship, ICBA chairman. "We are delighted he will be offering his time and valuable professional talents in the service of the community banking industry."

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KV members will vote on the conversion and merger proposal in late Spring, 2009.

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