Photo of Freeport - one of eight Bath Savings branch locations

Commercial Loans

Bath Savings offers personal service, competitive interest rates, fast turnaround and local servicing so you can focus on your business goals.

  • Small Business & Commercial Term Loans - for equipment, permanent working capital, business growth/expansion
  • Lines of Credit - for short-term working capital, recurring equipment purchase
  • Real Estate Mortgages
  • Construction Loans
  • Guaranteed Loans - including FAME (Finance Authority of Maine), SBA (Small Business Administration), Rural Development, CEI (Coastal Enterprises, Inc.)

Commercial Lending Officers

Geoff Gattis, Executive Vice President & Chief Credit Officer

Geoff Gattis, Executive Vice President, Commercial Lending & Chief Credit Officer Geoff Gattis joined Bath Savings Institution in 1991 and currently serves as Executive Vice President and Chief Credit Officer. He began his banking career in Maine in 1988 as a commercial lender with Maine National Bank, which was later acquired by Fleet Bank of Maine.

Geoff currently serves on the Board of the Maine Real Estate and Development Association (MEREDA) and as Treasurer of the United Way of Mid Coast Maine. He is past President of the Board of Coastal Enterprises, Inc.

A Florida native, Geoff earned his B.A. from George Washington University and his M.B.A. from American University in Washington, D.C. The father of two grown sons, Geoff and his wife Betsy live in Falmouth.

“The money that Bath Savings lends to businesses and to help people buy homes comes from our depositors. That way, we put money back into the community. It stays local. The decisions are all local,” Geoff says. “We work closely with our customers. We get to know them, what their needs are. One of the first things we ask our customers is their story. What is the story of how they got where they are. How can we help them go further in their journey.”

John C. Marsh, Jr., Senior Vice President & Community Development

John C. Marsh, Jr., Senior Vice President, Community Development & Commercial Lending John C. Marsh, Jr. joined Bath Savings Institution in 1975 and currently serves as Senior Vice President of Commercial Lending and Community Development.

He serves on the Boards of Sagadahoc Preservation, Inc., Main Street Bath and United Voice Community Land Trust. John is a graduate of the Mid Coast Maine Leadership Institute and member of the City of Bath’s Community Development Block Grant Committee, Housing Loan Review Committee, Bath Waterfront Park Committee and Bath Development Corporation. He is also past President of the Bath Rotary Club and Bath Rotary Charitable Trust and former director of the Bath Area Chamber of Commerce.

John, a New Jersey native, spent summers in Maine at his family’s Popham Beach cottage as a kid. He attended Nasson College and is a graduate of the New England School of Banking at Williams College.

A member of the New England Barbecue Society, John has won first place awards in New England barbecue sauce competitions for his famous “Tallywaggers Barbecue Sauce,” which can be purchased at many fine establishments in the Mid Coast, including Brackett’s Market, Lisa Marie’s Country Look, Bath Natural Market, and Now You’re Cooking. John and his wife Anne are residents of Bath and have two grown children.

Michael W. Celeste, Vice President

Michael W. Celeste, Vice President, Commercial Lending Michael Celeste, Vice President of Commercial Lending, began his banking career in 1982 and has been with Bath Savings since 2005. His previous financial experience includes First Federal Savings and Loan in Binghamton, N.Y., Mellon Financial and Key Bank National Association.

Michael has volunteered, served on boards and raised funds for the American Red Cross, Ronald McDonald House, Epilepsy Foundation, United Way, Susan Curtis Foundation, Maine Children’s Cancer Center and Make-A-Wish Foundation. He has served on the Maine Chapter Board of the Make-A-Wish Foundation, including a three-year stint as Board Chair, and is also a member of the National Leadership Council for the Make-A-Wish Foundation of America.

Michael holds an A.S. in Business Administration and Accounting from Adirondack Community College in Glens Falls, N.Y., and earned a B.S. in Business Management and Economics from Plattsburgh State University in Plattsburgh, N.Y.

He is a resident of Falmouth where he lives with his wife Gina.

Patricia A. Erickson, Vice President

Patricia A. Erickson, Vice President, Commercial Lending Patricia Erickson joined Bath Savings Institution in 2006 as a commercial lender in the Portland region, having specialized in banking and lending since 1988. With more than 20 years of banking experience, she works closely with her business customers to establish financing that meets their goals. She serves on the Board of the Cumberland County YMCA and is currently treasurer.

She is a graduate of Cape Elizabeth High School and holds a B.S. in Business Administration from the University of Southern Maine. Patty and her husband Dave live in Scarborough and enjoy motorcycling when weather permits. She has two grown sons and several pets.

Theresa B. Hodge, Vice President

Theresa B. Hodge, Vice President, Commercial Lending Theresa Hodge came to Bath Savings with vast experience in financing commercial enterprises. She has over twenty years of banking and commercial finance management experience, beginning at Casco Northern Bank as a commercial lending discount clerk and rising to the level of Vice President, Commercial Lending at Key Bank. Theresa has managed venture capital funds, loan portfolios and all lending programs during her years at the Finance Authority of Maine and Coastal Enterprises, Inc.

She is a graduate of USM and holds an MBA from Thomas College. A Maine native, Theresa and her husband John live in Topsham with their three children. She serves on the Board of the Risk Management Association and is active in the United Way.

Julie A. Wagoner, Vice President

Julie A. Wagoner, Vice President, Commercial Lending Julie Wagoner is a graduate of Bates College with a degree in mathematics. She started her working career as a high school mathematics teacher. In 1986 she changed careers to banking, beginning as a teller at Fleet Bank. Julie quickly rose to the level of Assistant Vice President and commercial real estate lender. After fifteen years of banking experience she joined Bath Savings in 2001 as a Vice President, Commercial Lending, bringing her expertise in commercial credit analysis to Bath Savings. Julie works closely with her borrowers to establish a great rapport and develop a lending package that fits their business.

Julie and her husband live in Durham with their two sons. She serves on the United Way eligibility committee and is active with her children’s schools.

 

Call 1-800-447-4559, email, or stop by your local branch to find a loan that meets your business needs.

To get a head start on the process, you can print this small business (under $50,000) loan application (PDF/239k) and fill it out before you meet with us. (PDFs require Adobe Reader.)

For a larger loan, we will require more information. Please fill out the personal financial statement (PDF/106k) and loan application (PDF/87k). (PDFs require Adobe Reader.)