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News & Events

Town of Gorham Boosts Local Business with New Capital Expenditure Matching Grant Program

On January 2, 2024, the Gorham Town Council voted unanimously in support of grant funding awarded to local businesses as part of a new Capital Expenditure Matching Grant program. Eight local businesses were awarded a total of $45,000 in matching grant funds as part of a competitive application process. In support of the program, Gorham...

GSB Pledges $200,000 to Avesta Housing to Address Maine’s Housing Crisis

Multi-Year Gift Will Help Provide Energy-Efficient Homes And Support Services Gorham Savings Bank has pledged $200,000 to Avesta Housing, the largest nonprofit affordable housing provider in northern New England, to aid in the development of energy-efficient affordable homes and support services for people in need over the next four years. The multi-year gift will address...

Gorham Savings Bank and Maine Community Bank to Combine in a Merger of Equals

Maine Community Bancorp, MHC, the parent mutual holding company for Maine Community Bank (“Maine Community Bank”), and Gorham Bancorp, MHC, the parent mutual holding company for Gorham Savings Bank (“Gorham Savings Bank”), are pleased to announce that they have entered into a definitive agreement to merge under the Maine Community Bank name. The combined company...

deCastro’s 25-year JA Maine Board Tenure Recognized with Prestigious National Award

Shared from the Junior Achievement of Maine. Junior Achievement of Maine is proud to announce that Steve deCastro, President & CEO of Gorham Savings Bank in Maine, has been awarded the esteemed Junior Achievement USA Silver Award. Steve’s dedication, outstanding leadership, and an incredible 25-year tenure on the JA Maine Board of Directors have earned him...

Bookclubs Earns Gorham Savings’ $50,000 Grant at 2023 LaunchPad Competition

Bookclubs, a social network and app for readers that makes it easy to start, manage, and join a book club, was named the 2023 winner of Gorham Savings Bank’s annual LaunchPad small business competition and earned its corresponding $50,000 no-strings-attached grant. The company was chosen from among five finalists—all innovative, local entrepreneurs—who pitched Tuesday evening...

2023 LaunchPad Finalists Unveiled: Maine’s Innovators Shine Bright

The 10th Annual Competition saw a historic moment as the African Language Learning App, NKENNE, became the first-ever business to be named a finalist after winning the Emerging Business Award in 2022. GSB has selected five finalists for its annual LaunchPad small business competition. Out of a vibrant and diverse mix of small businesses across...

VP Dignitary Titles Awarded to AL Dhamen and Ouellette

GSB announced today the designation of Ali AL Dhamen, Information Security Officer, and Caitlin Ouellette, Senior Marketing Specialist, as Vice President. AL Dhamen has a strong background in information security and has been instrumental in building the bank’s cybersecurity program. He oversees GSB’s information security and third-party risk management programs. “Ali is a highly skilled...

Application for 10th Annual LaunchPad Competition Now Open

Gorham Savings Bank announced today the application period for its annual LaunchPad small business competition will open Monday, July 17. Celebrating its 10th year, LaunchPad provides innovative Maine-based small businesses with the opportunity to compete for a $50,000 grant from the bank to help launch the winner to the next level. “It’s amazing to think...

Health Care Executive Joins Board of Directors

Gorham Savings Bank, a leading southern Maine financial services institution, has announced the appointment of Katie Fullam Harris to its board of directors. Harris, currently serving as Chief Government Affairs Officer for MaineHealth, brings extensive public policy and regulatory compliance experience to the board. In her role at MaineHealth, the state’s largest health care system,...

Marathon Contributions Total $60,000 for Charitable Organizations

Bob Dunfey, volunteer race director for the Gorham Savings Bank Maine Marathon, and Steve deCastro, president and CEO of Gorham Savings Bank, title sponsor since 2010, announced today that The Ecology School, Maine Children’s Cancer Program, Veggies to Table, and YMCA Camp of Maine are the primary race beneficiaries for 2023. The Ecology School Saco...

2023 LaunchPad Application Period Will Open This Summer

Gorham Savings Bank, a leading southern Maine financial services institution, is moving its small business competition, LaunchPad, from the spring to the fall. The competition, the premier event of its type in Maine, showcases innovative small businesses that compete for a $50,000 no-strings-attached grant from the Bank. Past winners include Pika Energy, Bixby Chocolate, Flowfold,...

Gorham Savings Bank Maine Marathon Delivers Early Holiday Gift to Educate Maine

The Gorham Savings Bank Maine Marathon, Half Marathon, and Relay exceeded expectations by raising a record-breaking $506,000. The unexpected additional revenue allowed race organizers to brighten the holiday season for Educate Maine with a gift of $15,000. “Once again, thanks to the generosity of our running community, event revenue came in higher than projected,” said Bob Dunfey, volunteer...

New Logo Reflects Brand Values and Signifies a New Day at GSB

Gorham Savings Bank unveiled its new logo today with signage on its Main Street, Gorham and Marginal Way, Portland office building. The new mark will be rolled out across the Bank’s additional ten branches and remaining office locations, and begin appearing on other branded materials, over the next several weeks. The logo was the culmination of...

Gorham Savings Adds Commercial Banker

Gorham Savings Bank, a leading southern Maine financial services institution, has hired Matt White as vice president, commercial banker. White joins GSB with over a decade of commercial banking experience at large regional banks, most recently KeyBank, where he excelled in commercial credit and relationship management. “Matt is a great addition to our growing business...

Solar Array Dedicated to Dan Hunter in Ribbon-Cutting Ceremony

Gorham Savings Bank, a leading Southern Maine financial services institution, announced today at a ribbon-cutting ceremony that its 1.1-million-dollar investment in clean technology is now operational. The installation was formally named the Daniel P. Hunter Solar Farm after the bank’s recently retired CFO and COO who spearheaded the project. “We’re carbon neutral,” said Steve deCastro,...

USM and Gorham Savings Bank Partner for Promise Scholars

Shared from the USM Office of Public Affairs. Jacob Curtis, a first-year undergraduate at the University of Southern Maine, is the first USM Promise Scholar to participate in a paid internship at our pilot placement employer, Gorham Savings Bank. This new initiative seeks to connect underserved students with area businesses aligned with their field of...

Earth-Friendly Packaging Solution Earns GSB’s $50,000 LaunchPad Grant

Tanbark, a packaging manufacturer that creates custom, sustainable, recyclable, and often compostable molded fiber packaging using Maine trees and Maine labor, was named the 2022 winner of Gorham Savings Bank’s annual LaunchPad small business competition and earned its corresponding $50,000 no-strings-attached LaunchPad Grant. The company was chosen from among five finalists who pitched Tuesday afternoon...

LaunchPad 2022 Finalists Announced

Gorham Savings Bank has selected finalists for its annual LaunchPad small business competition. From a diverse, statewide applicant pool of innovative small businesses, five rose to the top and will move on to the next round: a live pitch competition taking place on Tuesday, June 7 at 4:30pm at UNE’s Innovation Hall on Stevens Avenue...

30-Year Banking Veteran Elevated to Chief Risk Officer

Gorham Savings Bank, a leading southern Maine financial services institution, has promoted Julie Brooks to chief risk officer (CRO) effective immediately. Brooks is responsible for the bank’s enterprise risk management program, which consists of compliance, information security, bank secrecy, fraud and audit. With more than 30 years of banking experience, Brooks joined Gorham Savings Bank...

Julie Viola Named 2021 SBA’s STAR Award Recipient

GSB’s Julie Viola has been named the 2021 SBA STAR Award recipient. This award is given by the Maine District Office to an individual who supports the SBA’s programs and consistently exceeds expectations for their customers. Julie is being recognized for her ongoing hard work with the SBA’s 7(a) Lending Program, CEI, GPCOG, SBDC and...

GSB’s LaunchPad Celebrates 10-year Anniversary

Gorham Savings Bank will begin accepting applications on March 1 for its 10th annual LaunchPad small business competition – this year as a hybrid in-person and livestreamed pitch event. In the competition, the premier event of its type in Maine, innovative small businesses compete for a $50,000 grant from the bank. “Discovering an innovative and...

Marathon Contributions, Totaling $60,000, Focus on Underserved Populations

Bob Dunfey, volunteer race director for the Maine Marathon, and Steve deCastro, president and CEO of Gorham Savings Bank, title sponsor since 2010, announced today that Stop Trafficking US, Through These Doors, Wayfinder Schools™, and World of Change are the primary race beneficiaries for 2022. Stop Trafficking US (Portland – $3,000) The organization was established...

New COO Enhances Expertise in Finance, Strategy, and Operations

Gorham Savings Bank named Dimitri Michaud as its new chief operating officer. He will report to Steve deCastro, the bank’s president and CEO. Michaud brings nearly two decades of experience in business strategy and operations from leadership roles in the public and private sectors. Prior to joining the bank, Michaud was chief operating officer for...

Gorham Savings Bank promotes New Chief Financial Officer from within

Gorham Savings Bank, a leading southern Maine financial services institution, named Jane Stack as its new chief financial officer effective January 1, 2022. She will report to Steve deCastro, the bank’s president and CEO. Stack was most recently senior vice president, controller, where she oversaw and led the Finance, Accounting, Accounts Payable, and Proof Departments....

GSB Maine Marathon Awards Camp Susan Curtis Unexpected $20,000

The 2021 Gorham Savings Bank Maine Marathon, Half Marathon, and Relay exceeded expectations by raising a record-breaking $430,000 for nearly 40 area nonprofits. The unexpected, additional revenue allowed race organizers to brighten the holiday season for Camp Susan Curtis with a gift of $20,000. “This funding will give Maine children in need the opportunity to go to camp...

GSB Hires New Director of Human Resources

Gorham Savings Bank has named Brian Robinson as its new SVP, Director of Human Resources. Robinson was most recently Director of Talent Strategy and Deputy Title IX Coordinator at Bowdoin College. During his tenure, Robinson designed and implemented recruitment and retention programs with a focus on diversity, inclusion, and equity. He oversaw employee performance, conducted...

GSB Leases Space to Gorham Arts Alliance

Gorham Savings Bank is pleased to announce a unique local partnership with the Gorham Arts Alliance (GAA) to utilize the first floor of its Operations Center in Gorham for their school aged enrichment programs, homeschool and special needs art and dance programs, as well as adult education classes. The Arts Alliance was looking for a...

Collaboration with ReVision Energy to generate enough clean power for nearly all GSB locations

Gorham Savings Bank, a leading Southern Maine financial services institution, announced today it has broken ground on a 1.1-million-dollar solar array that when complete will offset virtually all of its electricity costs across its 12 branches and several office locations, including its 29,000 square foot Operations Center. The installation will generate 1 million kilowatt-hours (kWh)...

Veteran Commercial Lender Kim Donnelly promoted to Director of Wealth and Business Services

Gorham Savings Bank, a leading Southern Maine financial services institution, has promoted Kim Donnelly to Executive Vice President, Director of Wealth and Business Services. Donnelly comes to the role with more than 25 years of banking experience working directly with customers. She’s led the Business Banking division since joining GSB in 2011, shepherding its growth...

Letter to the editor: New child care law an investment in Maine people, economy

This letter originally appeared in The Portland Press Herald. Thank you to Gov. Mills, Senate President Troy Jackson and others, including the editorial board of this paper, for supporting L.D. 1712. Now law, it will help more Maine families access affordable, high-quality child care programs. It is a critical investment in Maine people and Maine’s economy. As your...