MEREDA names Michael O’Reilly as new president, announces slate of officers

Mike O'ReillyJune2014PORTLAND, Maine (July 2, 2014) – Michael O’Reilly, senior vice president in the Commercial Banking Group at Bangor Savings Bank, and the southern Maine team lead for the Commercial and Business Banking lenders is the new president of the Maine Real Estate & Development Association (MEREDA), a statewide organization of commercial real estate owners, developers and related service providers. Founded in 1985, MEREDA promotes responsible development and ownership of real estate in Maine through legislative advocacy, educational programs and professional networking opportunities.

Mike succeeds Drew Sigfridson, SIOR | Managing Director, Partner at CBRE | The Boulos Company who has led MEREDA for the past two years.

“I am honored to accept the position of MEREDA president and look forward to furthering the organization’s mission of promoting responsible development in Maine,” said Michael O’Reilly, president of MEREDA. “Over the next two years we will continue to facilitate discussions on economic growth and the future of our state”.

“I would like to thank all of the members and officers who have helped make MEREDA so successful,” said Drew Sigfridson, former president of MEREDA. “I am pleased to pass the reigns off to such an accomplished professional as Mike. I wish him all the best as president and am confident he will help take the organization to the next level.”

MEREDA also announced the 2014 / 2015 slate of officers as follows:

– Vice President: Paul Peck, of Drummond & Drummond, LLP
– Treasurer: William Shanahan, of Northern New England Housing Investment Fund
– Assistant Treasurer: James C. Otis, of Otis | Atwell
– Secretary: Jaimie P. Schwartz, of Bernstein Shur
– Assistant Secretary: Shelly R. Clark, of MEREDA

About the Maine Real Estate & Development Association (MEREDA)

MEREDA is a nonprofit whose members banded together in 1985 to present the views of the state’s real estate industry to lawmakers in Augusta. Today, MEREDA’s more than 280 member firms are primarily from the commercial real estate industry and employ thousands of Maine citizens and drive a huge percentage of Maine’s economic activity. The organization aims to promote fair and responsible development and ownership of real estate throughout Maine. Additional information about MEREDA is available at

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