Merger of Equals with Gorham Savings Bank
Two strong, locally focused banks are coming together to create the second largest mutual savings bank in the state, with the largest branch network in Androscoggin, Cumberland, and York counties, providing highly personalized customer service, local decision-making, and unparalleled community focus.
Letter from JeanneFrequently Asked Questions$2.7B Total Assets | 370+ Employees | 21 Branches
Customer Resource Guide for our Upcoming Merger
As we near January, we’ve created a customer resource guide for our upcoming merger. It includes helpful information and tips to ensure a smooth transition as we become one bank on January 1, 2025. The guide was recently mailed to our customers and is available at all branch locations.
View Guide
Merger Benefits
Shared Values & Culture
The DNA of our organizations is incredibly similar. Our mission, vision and values align seamlessly.
Community Focus
Commitment to community defines our two organizations.
Personalized Service
Friendly, local experience is at the core of everything we do. As one bank, we’ll continue to serve every customer as if they were our only customer.
Local Decisions
Our banks were founded one year apart more than 150 years ago. Since then we’ve been making decisions locally and working hard to be your bank of choice. That will never change.
Latest Merger Updates
A CEO Chat
Jeanne Hulit and Steve deCastro sat down for a behind-the-scenes look into the details of our merger of equals with Gorham Savings Bank.
Watch Here
MEREDA Matters Podcast
Jeanne Hulit, President & CEO of Maine Community Bank, joined Maine Real Estate & Development Association (MEREDA) on their monthly podcast “MEREDA Matters” where she and Steve deCastro, President & CEO of Gorham Savings Bank, spoke regarding our merger of equals.
Listen HereJeanne Hulit
President & CEOMaine Community Bank
Community banking is the foundation of Maine’s economy, providing the essential funding necessary for businesses to start and grow, providing housing, and helping our communities thrive. This merger of two locally focused banks gives us an even greater ability to meet these needs. Our shared values and commitment to the mission of mutual savings banks has shaped this merger and I look forward to partnering with Steve deCastro, President & CEO, and the Gorham Savings Bank team.
The story of Gorham Savings Bank is one of community. It’s the story of family homes funded and dreams realized. Of ideas becoming businesses and businesses becoming livelihoods. Since their humble beginning over 150 years ago, GSB has been dedicated to using all their resources—from capital to elbow grease—to ensure the bank is a force for good in the lives of everyone they touch. In Gorham, to be sure, but also in communities all over southern Maine.