Gary Stone has joined First Advisors as a portfolio manager, announced Daniel Daigneault, president and CEO of The First N.A. and its parent company, The First Bancorp.

First Advisors, based in Damariscotta, is the investment management division of The First.

“First Advisors has built a reputation for providing customized investment management and trust services to each of our clients,” said Daigneault in a news release. “The arrival of Gary Stone represents the continued growth of our firm and our deep commitment to sustaining the First Advisors’ strong brand of service.

Stone is based in the Damariscotta office of First Advisors. He is available to meet with new and existing clients.

Stone will be responsible for the overall development of investment strategies for First Advisors’ clients enrolled in mutual fund, individual security and ETF programs.

“My family and I have always cherished and admired the community in which we live,” Stone said. “With 25 years of experience in the financial services industry, I am honored to be afforded the opportunity by The First N.A., a bank deeply rooted in the community, to help serve the wealth management needs of our residents through the many resources of First Advisors.”

He started his career at Liberty Brokerage of New York City in 1985, and later worked for Cantor Fitzgerald Securities as an inter-dealer broker. Stone brought his financial experience to Maine by working as a trust officer at Banknorth Investment Management Group in Portland, and more recently as a business development officer for Camden National Bank. Stone earned a bachelor of arts degree in English from Bowdoin College in Brunswick.

“We welcome Gary to the team and look forward to him playing an extremely active role in our business development strategies. He comes to us with a wealth of knowledge and experience that is rooted in personalized service, all of which are great assets to share with our clients,” said Tony McKim, executive vice president and chief operating officer.

Stone takes a leadership initiative when it comes to community service. He currently serves on the board of directors for Salt Bay Chamberfest, the advisory board for Camp Kieve, and the finance committee of Rising Tide Cooperative Market. He is a past president and active member of the Damariscotta/Newcastle Rotary Club, where he was presented with the 2002 Vocational Service Award for outstanding dedication to community welfare. Other accolades include Community Banker of the Year 2005 for the Maine Bankers Association and Presidents Award 2004 for the Damariscotta Regional Chamber of Commerce. He resides in Newcastle with his wife, Bonnie, and his two sons, Sam and Ben.

The First has been serving the people of Maine since 1864 with offices in Bar Harbor, Blue Hill, Boothbay Harbor, Calais, Camden, Damariscotta, Eastport, Ellsworth, Northeast Harbor, Rockland, Rockport, Southwest Harbor, Waldoboro and Wiscasset. For more information about The First, call 800-564-3195 or visit the1st.com.