Daniel R. Daigneault served as the CEO of The First Bancorp, Inc. from 1994 until his retirement in 2015. He holds the record for the longest-serving CEO in the bank's 150-year history. Under his leadership, the bank saw substantial growth,...

Daniel R. Daigneault served as the CEO of The First Bancorp, Inc. from 1994 until his retirement in 2015. He holds the record for the longest-serving CEO in the bank's 150-year history. Under his leadership, the bank saw substantial growth, expanding from just four locations to sixteen across several counties in Maine. Total assets soared from less than $200 million to nearly $1.5 billion, and the loan portfolio increased by about $800 million during his tenure. This impressive growth coincided with a remarkable rise in annual net income, which jumped over 665%. Daigneault's efforts resulted in significant returns for shareholders, with the market cap of the company skyrocketing by more than 1,500%. In addition to his operational success, he engaged in a long-term stock compensation plan that further aligned his interests with those of the shareholders, reflecting a solid performance-driven compensation philosophy. Daigneault also saw considerable insider trading activity with share values reaching up to $5 million in 2019. These accomplishments illustrate a career focused on growth, results, and enhancing shareholder value.