BANKING IS BELIEVING

News & Events

Gorham Savings Bank to consolidate and focus on meeting the growing demand in Greater Portland area

Gorham Savings Bank has notified its customers of plans to close its Kennebunk location on November 1, 2019, citing geography and administrative challenges as the primary reasons. “After a long evaluation we found Kennebunk, while a very attractive market, is simply too far outside our primary geographic footprint to operate, administer and staff satisfactorily,” Gorham […]

GSB Maine Marathon Selects Five Maine Nonprofits As 2019 Beneficiaries

Over $100,000 will be donated to local nonprofits again this year Bob Dunfey, the volunteer race director for The Maine Marathon and Steve deCastro, president and CEO of Gorham Savings Bank, title sponsor since 2010, announced today that Eastern Trail Alliance, Rippleffect, Girls on the Run, WinterKids and Portland Community Squash are the five primary […]

Steve deCastro, On The Record with Mainebiz

This article originally appeared in Mainebiz. Written by Renee Cordes. Photo by Jim Neuger. Steve deCastro is president and CEO of Gorham Savings Bank, which has over $1 billion in assets, 13 branches in Maine and close to 200 employees. DeCastro, who joined Gorham Savings in July 2016 and became CEO on Jan. 1, sat down with […]

Kim Donnelly Talks About Preparing For A Business Loan

This article originally appeared in Mainebiz. Written by Kim Donnelly. If you own a business, you know what it’s like to see — and want to seize — an opportunity. And often, such opportunities require an infusion of capital. By applying a smart business loan to a smart business idea, you can jump on that […]

The Application for LaunchPad is Now Open

Local entrepreneur Ford Reiche joins as an event judge in this year’s business competition Gorham Savings Bank is now accepting applications for its seventh annual LaunchPad small business competition. In the competition, the premier event of its type in Maine, promising small businesses will compete for a $50,000 grant from the bank. The application opens today […]

Wish Tree Program – November Wishes Granted

79 Maine families and individuals were recipients of community member wishes totaling $150,000. The initiative, called the GSB Wish Tree, was conceived and implemented as a way to give back to the community as the bank marks its 150th anniversary. The bank received an overwhelming number of wishes, bringing to light the many challenges Mainers […]

GSB President Steve deCastro Named CEO

Gorham Savings Bank has named current president, Steve deCastro, its new chief executive officer (CEO). He takes over for Chris Emmons, who is retiring after 15 years of service with Gorham Savings. The transition was initiated in early 2018 as part of the bank’s succession plan. deCastro joined GSB in July 2016 as executive vice […]

Wish Tree Program – September & October Wishes Granted

Gorham Savings Bank granted 14 wishes in September and October totaling nearly $20,000 as part of its 150th anniversary Wish Tree program. With a goal of granting $150,000 worth of wishes in 150 days, the latest wishes granted included lumber for an elderly Standish woman whose neighbor wanted to build her a porch, eye exam […]

Wish Tree Program – July & August Wishes Granted

Gorham Savings Bank granted 20 wishes in July and August totaling $20,000 as part of its 150th anniversary Wish Tree program. With a goal of granting $150,000 worth of wishes in 150 days, the first and second round of wishes fulfilled included snow plow service this winter for a working single mother in Waterboro, plane […]

GSB to Celebrate 150 Years by Granting $150,000 Worth of Wishes over 150 days

Gorham Savings Bank, in celebration of its 150th anniversary, announced it will grant up to $150,000 of wishes over 150 days as part of a community giving program called Wish Tree.   Putting their own spin on the age-old tradition, the Bank placed a Wish Tree in each of their branches and is inviting customers […]

Gorham Savings Bank Announces Winner of $50,000 LaunchPad Grant

North Spore of Westbrook, a returning finalist from 2017, who produces specialty mushrooms, mushroom products and mushroom spawn took the top prize at Gorham Savings Bank LaunchPad competition and its corresponding $50,000 cash prize. The company was chosen from among five finalists who pitched their small business concepts Tuesday night to a panel of independent […]

Community bank works to help Maine entrepreneurs be more financially confident

15 small businesses including North Spore Mushroom Company, Two Fat Cats Bakery and Tito Masonry & Construction recently participated in a new five-part workshop series created to help Southern Maine entrepreneurs better understand their businesses’ financials. The program, called Forward with Funding, was created by Gorham Savings Bank along with seasoned business coaches Michelle Neujahr […]

Gorham Savings Bank Announces Finalists for $50,000 LaunchPad Grant

Gorham Savings Bank, a leading Southern Maine financial services institution, has selected five Maine businesses as the finalists of its annual LaunchPad small business competition. From an applicant pool of over 180 businesses, American Roots, Bangs Island Mussels, Blue Ox Malthouse, North Spore, and Wallace James Clothing Co. rose to the top and will move […]

Long-Time GSB CEO Chris Emmons to Retire

Bank announces new president, board chair, and vice chair as part of new succession plan. Gorham Savings Bank, a leading Southern Maine financial services institution, announced today that after 15 years of service Christopher Emmons, president and CEO, will retire at the end of this year. Stephen deCastro has been promoted to president, and Katherine […]

$50,000 LaunchPad Competition Enters its Sixth Year

The 2018 application period for Gorham Savings Bank’s LaunchPad competition opens March 15. Gorham Savings Bank will begin accepting applications for its sixth annual LaunchPad small business competition on March 15. In the competition, the premier event of its type in Maine, promising small businesses compete for a $50,000 grant prize from the Bank.   […]

GSB Hires Senior Credit Officer

Gorham Savings Bank, a premier southern Maine community bank, has hired Josh Steirman as Senior Credit Officer.   Steirman most recently worked as a commercial bank examiner and team leader for the Federal Reserve Bank of Boston. Prior to that, Steirman worked as a Senior Bank Examiner for the Massachusetts Division of Banks.   “We […]

GSB Adds Experience and Expertise with New Hire

Gorham Savings Bank, a premier southern Maine community bank, has hired seasoned Commercial Lender Nicholas Weightman, CRC®, to join its commercial lending team. Weightman was recently Vice President, Commercial Loan Officer at TD Bank. His experience ranges from tax-exempt financing, SBA, CRE and construction loans, to interest rate derivatives, acquisitions, and public company sales and […]

Building On Last Year’s Success

AEC Women’s Basketball Returns To Portland Gorham Savings Bank has partnered with MaineHealth as presenting title sponsors for the America East Conference Women’s Basketball Championship in 2018. Portland will host the tournament at the Cross Insurance Arena for the second consecutive year. Thousands of fans attended three sessions of quarter and semifinal games last season. […]

An Easier Way To Pay In Stores

Introducing Google Pay, Samsung Pay and Apple Pay! Enroll your Gorham Savings Bank MasterCard® Debit Card and spend less time at the checkout. Google Pay, Samsung Pay and Apple Pay allow you to use your debit card directly from your compatible mobile device. Your card number is never stored on your device, and when you pay, […]

Introducing the GSB Community Board Room

The GSB Community Board Room in Handy’s Market on Main Street in Yarmouth is now open! It can be reserved for community and business related meetings. There is no cost to use the room. Private Room with Large Board Room Table (sits 10-12) Capacity of Approximately 20 55″ Flat Screen TV with Cable Wi-Fi and […]

GSB Presents Emerging Idea Winner with $10,000 Grant

Thomaston company utilizes a natural resource native to Maine American Unagi, a company that harvests Maine glass eels, or elvers, and raises them to market size, was presented with a check for $10,000 on Monday by Gorham Savings Bank CEO Chris Emmons. The $10,000 grant and $10,000 worth of in-kind marketing and PR services was […]

Gorham Savings Bank Adopts New Tagline, Brand

Banking is Believing is unveiled as new company mantra and customer promise GORHAM, Maine, June 7, 2017 — Gorham Savings Bank is proud to announce that it has adopted a new comprehensive brand and tagline. On Tuesday, the bank replaced its incumbent tagline A Breath of Fresh Banking with the new line, Banking is Believing. […]

Gorham Savings Bank Announces Winner of $50,000 LaunchPad Grant

Good To-Go, a Kittery, Maine-based healthy meal delivery service, has won the 2017 Gorham Savings Bank LaunchPad competition and its corresponding $50,000 cash prize. The company was chosen from among five finalists who pitched their small business concepts Tuesday night to a panel of independent judges in a packed USM Hannaford Hall. Good To-Go is […]

UMaine, GSB Announce Portland Football Partnership

The University of Maine athletics department and Learfield today announced a partnership with Gorham Savings Bank to bring UMaine football back to Portland, Maine for the first time since 2005. The first game of the partnership will be UMaine’s annual Jeff Cole Memorial spring scrimmage, held at Fitzpatrick Stadium on Saturday, May 6 at 4 […]

GSB’s LaunchPad 2017 Finalists Announced!

Five early-stage Maine businesses have been selected as the finalists of Gorham Savings Bank’s annual LaunchPad small business competition. From an applicant pool of over 130 businesses, Good-To-Go, Jellux, North Spore, STARC Systems and UniteGPS rose to the top and will move onto the next round – a live pitch competition to be held the […]

GSB’s LaunchPad Enters Its Fifth Year

THE APPLICATION PERIOD FOR GSB’S LAUNCHPAD COMPETITION OPENS MARCH 15 Gorham Savings Bank is now accepting applications for its fifth annual LaunchPad business competition. In the competition, the premier Maine event of its type, promising early-stage small businesses will compete for a $50,000 grant prize from the Bank. The entry period opens on Wednesday, March […]

Education Is the Greatest Investment

Gorham Savings Bank Expands Financial Literacy Program for Maine High Schools “Raise your hand if you want to become a financial expert over the next year?” Gorham Savings Bank CEO, Chris Emmons, asked Gorham High School Juniors and Seniors at an assembly kicking off the Gorham Savings Bank Financial Scholars Program.   The Gorham Savings […]

Investing in Our Future

Gorham Savings Bank CEO Chris Emmons (right) presents a check with the Bank’s $15,000 pledge to Horace Horton of Drummond & Drummond, LLP and the Pine Tree Council, BSA (left). Gorham Savings Bank has pledged to donate $15,000 over three years to the Pine Tree Council, Boy Scouts of America (BSA) Camp Hinds Project. The […]

Fluid Farms Wins $50,000 LaunchPad Grant!

At the conclusion of an inspiring live pitch competition held Tuesday at the University of Southern Maine’s Hannaford Hall, a panel of three independent judges selected Fluid Farms of Dresden as the winner of Gorham Savings Bank’s 4th Annual LaunchPad Competition. The winner was presented with a $50,000 Gorham Savings Bank grant. In front of […]

Welcome To Our Newest Corporators

Gorham Savings Bank is pleased to welcome Arthur Batson III, Danny Bouzianis, Michael Cianchette, and Kristine Delano as Corporators of the Bank. All are talented and distinguished individuals who are passionate about making a difference in their communities and in their industries. Comprised of 100 local community members, Corporators serve as the Bank’s goodwill ambassadors […]