About FAME


FAME Welcomes New CEO

FAME is pleased to welcome new Chief Executive Officer Bruce Wagner. The Maine Senate recently voted unanimously to confirm Gov. LePage’s nomination of Bruce to the position, which is for a term of four years.


Bruce has a strong background in business management, development and renewal, having served as W.R. Grace’s President of the Darex Container Products Division, as chief executive officer at Barber Foods, and as chief financial officer at Martin’s Point Health Care. A graduate of Lafayette College, he also has completed advanced management programs at the Massachusetts Institute of Technology and at INSEAD, the French international business school.  


Bruce directed the MIT-affiliated Center for Quality Management, where he worked with companies as diverse as the Federal Reserve Bank of Boston, Analog Devices, and Martin’s Point Health Care to develop and deploy business strategies and processes that deliver superior business performance. Bruce subsequently founded Traverse CEO, LLC, a business consulting firm specializing in rescuing and renewing businesses.  In his role at Traverse, Bruce helped to rebuild Barber Foods in Portland and save Maine jobs, and also helped Northern Maine Medical Center in Fort Kent to create a new operating plan that allowed the hospital to obtain critical financing for a new biomass boiler system.


“I am honored to have been chosen for this important role and look forward to collaborating with FAME’s excellent board and staff to continue and expand the agency’s mission of making business and education work for Maine,” stated Wagner.  


Wagner has served on the board of directors of Woodard & Curran, Mercy Hospital, the Portland Community Health Center, and the Maine State Chamber of Commerce.  He lives with his wife, Kathi, in North Yarmouth, and is the father of four children and has four grandchildren. In his spare time, Bruce enjoys carpentry, playing the piano, recreating in Maine’s great outdoors, and spending time with his family.


“FAME is fortunate to have someone of Bruce’s background taking the helm of the agency. His strong business and financial background, coupled with his integrity and concern for people and FAME’s mission, make him an ideal choice for CEO,” stated Ray Nowak, FAME Board Chair.



FAME's Mission

The Finance Authority of Maine provides access to innovative financial solutions to help Maine citizens pursue business and higher educational opportunities.


FAME's Background

FAME was established as Maine's business finance agency in 1983 and charged with supporting the start up, expansion and growth plans of Maine's business community. The agency began working closely with Maine's lending community to improve access to capital as well as to help fill gaps that exist in the State's capital delivery system.


To meet the financing needs of Maine's business community, FAME offers a wide array of business assistance programs, ranging from traditional loan insurance programs for both small and larger businesses, to tax credits for investments that individuals make in dynamic, growth-oriented, manufacturing or export-related firms. FAME has also established taxable and tax-exempt bond financing programs that allow strong, creditworthy firms in Maine to access capital at very favorable rates and terms. 


In April of 1990, FAME's mission was significantly expanded when the agency assumed responsibility for administering the State's higher education finance programs. Through a variety of loan, grant and scholarship programs, FAME helps Maine students and families meet the costs associated with higher education. To aid in this important effort, FAME also oversees an extensive outreach and counseling program that is designed to encourage young people to aspire to and pursue higher education. 


FAME is committed to innovative, flexible solutions that address the needs of Maine individuals and companies in a changing economic landscape. With a core competency in finance, and a highly experienced staff, FAME is the place to turn to for resources that build success.


FAME's Board Members

The Finance Authority of Maine is overseen by a fifteen member Board of Directors that has the following makeup:

  • Two members with experience in natural resource based enterprises
  • Two veterans
  • One member knowledgeable in the field of student financial aid
  • One member knowledgeable in the field of higher education
  • One certified public accountant
  • One commercial banker
  • One attorney
  • Three members-at-large
  • Three State members to include the Commissioner of the Department of Economic and Community Development, a natural resource commissioner and the State Treasurer

Members of the FAME board are appointed by the Governor and are subject to review and confirmation by the State Legislature. Each member, other than the State members, serves for a term of four years. The Authority's Chief Executive Officer is appointed by the Governor, subject to review and confirmation by the Maine State Legislature, to supervise and direct the administrative and technical activities of the Authority on a day-to-day basis.


Raymond Nowak - Chair
Farm Credit of Maine, ACA
Auburn, Maine
James "Jay" Violette - Vice Chair
Senior Loan Officer
TD Bank
Waterville, Maine
Cheri Walker - Treasurer
Albin, Randall & Bennett
Portland, Maine
Jonathan Block, Esq.
Pierce Atwood
Portland, Maine
Terry Hayes
Maine State Treasurer
Augusta, Maine
George Gervais
Department of Economic and Community Development
Augusta, Maine
Reis Hagerman
Vice President of Enrollment Management
Saint Joseph's College
Standish, Maine
James Howard
President & CEO
Priority Real Estate Group
Topsham, Maine
Patrick Keliher
Department of Marine Resources
Augusta, Maine
Gregory Miller
Student Affairs
Eastern Maine Community College
Bangor, Maine
Larry Mitchell
Col USMC (Ret.)
Winslow, Maine
Rosaire Pelletier
Senior Forest Advisor/Consultant
Madawaska, Maine
Christopher Pierce
Veteran/Retired Executive
Cumberland, Maine
Susan Snowden
Executive Vice President, Chief Retail and Delivery Officer
Bangor Savings Bank
Portland, Maine
Richard Roderick
Retired Executive
Cape Elizabeth, Maine



FAME staff information can be found on the Contact Us page of this website.