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News & Events

Positive Pay can protect you from check fraud losses

Please be aware that we’ve recently seen an uptick in business check fraud, mainly from unattended mail. It’s important to have either a P.O. Box or direct delivery inside an office. Our Positive Pay service can give you peace of mind and protect you from losses due to fraudulent checks. With Positive Pay, we review […]

Catherine Cloudman Joins GSB’s Board of Directors

Gorham Savings Bank, a leading Southern Maine financial services institution, announced that Catherine Cloudman has been named to the bank’s board of directors effective December 1. “Catherine brings a wealth of financial and business management experience from her time as an owner, chief financial officer (CFO), and board member of several Maine companies.” said Steve […]

GSB’s Program Helps Early-Stage Businesses Gain Financial Confidence

Regional businesses partake in third session of community bank’s Forward with Funding program Thirteen small businesses including KinoTek, Fyood Kitchen, OpBox, Hemphill’s Horse, Seed and Saddlery, and GTFO Escape Room recently participated in a two-day, hands-on workshop created to help Maine entrepreneurs better understand their businesses’ financials. The program, called Forward with Funding, was created […]

GSB Transitions Email Address to @GorhamSavings.Bank

In 2017, GSB changed its website address from GorhamSavingsBank.com to GorhamSavings.Bank for added security. Dot bank domains are reserved exclusively for the banking industry, so they are more difficult to spoof and help prevent users from being redirected to a fake bank website. To complete the transition, we have updated our email addresses as well, […]

How to Spot a Phishing Scam

Phishing is the fraudulent attempt to obtain sensitive, personal information such as usernames, passwords, credit card numbers or account information by posing as a trustworthy source, such as a reputable company. Phishing is commonly done through email, although social networking sites and chatting apps are becoming increasingly common routes as well. How to spot a […]

Ways To Stay Safe Online

The internet provides us with access to endless entertainment, and makes business transactions feel seamless. With all of this convenience comes risks. Bad actors are always present, but we all have the ability to take control of our online safety. Here are some security tips and tools to keep you safe online. Online Safety Tips […]

Our Newest Branch is Now Open in Yarmouth

Gorham Savings Bank has opened its newest branch in the historic Grand Trunk Railroad Depot on Main Street Yarmouth, after a year-long restoration project. The restoration project is a collaboration with historic preservation property developer and owner of the Depot, Ford Reiche, who has rehabilitated four other properties listed on the National Register of Historic […]

Forward with Funding Class To Convene Fall 2019

Gorham Savings Bank has selected thirteen local businesses from an online application to participate in its upcoming Forward with Funding session in September. Forward with Funding is a hands-on workshop offered at no cost to Maine companies that are ready to take their business knowledge to the next level and feel more confident understanding their […]

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 […]

Casco Bay Creamery Wins GSB’s $50,000 LaunchPad Grant

Casco Bay Creamery of Scarborough, who provides creamy, delicious butter and cream cheese to customers who want to make breaking bread a joyful occasion took the top prize at Gorham Savings Bank’s 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 […]

Finalists Announced for 2019 LaunchPad Competition

Now in its seventh year, LaunchPad helps Maine’s innovators and entrepreneurs reach the next level Gorham Savings Bank has selected five Maine businesses as the finalists of its seventh annual LaunchPad small business competition. From an applicant pool of over 150 businesses, Casco Bay Creamery, CourseStorm, GO Lab, Sidewalk Buttler, and Vintage Maine Kitchen rose […]

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 […]

3 Simple Ways to Start Saving Today

If you lost your job today, how long would you be able to cover expenses without taking on debt? If you answered, “not long,” it’s time to start saving for the unexpected. Most people start saving to cover at least three months of living expenses. If this doesn’t seem attainable to you, don’t worry. It’s […]

New GSB Mobile App Feature – PayPal Linking

Now mobile banking customers can link their debit card to their new or existing PayPal account using the GSB Mobile App. If there are insufficient funds in you PayPal balance, your purchase can be covered quickly and easily, without having to enter card numbers or other personal information to complete your transaction. Linking a debit […]

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 […]

New Money Management Tool Available in Online Banking & The Mobile App

Introducing Personal Finance, a money management tool now available in online and mobile banking. With customized budgeting tools, smart expense tracking, and mobile access, you can manage your finances with ease, from anywhere. Manage All Your Accounts – Track finances across all accounts, in one place. Track Spending – Get powerful insights on when, where, and how you spend. […]

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 […]

Online Banking Has A New Look!

We’re excited about the recent changes within Online Banking (OLB) – designed to provide an optimized experience whether you access it from a desktop, tablet or smartphone. OLB now adapts to your device and includes touch-screen capability! We also recognize that all change comes with a period of re-adjustment, so we have developed a list […]

New Look and Feel Coming Soon to Online Banking

We’re making improvements to online banking — helping you stay connected to your money, with added convenience. On October 21, 2018, you’ll notice: Optimized experience Whether you access online banking from a desktop, tablet or smartphone — the experience will adapt to your device — and include touch-screen capability. Improved navigation and functionality Our new, […]

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 […]

New Mobile App Feature – Lock Your Debit Card with Card Controls

Card Controls now available in the GSB Mobile App GSB retail debit card customers can manage and protect their card right from their phone. CONTROL YOUR DEBIT CARD FROM YOUR SMARTPHONE With Card Controls in the GSB mobile app, you can control how, when and where your card is used, right from your mobile device. […]

New Mobile App Feature – Cardless Cash

Use your smartphone to withdraw cash – quickly and securely with Cardless Cash GSB Mobile Banking users can now make an ATM cash withdrawal directly from their mobile phone anytime, anywhere. Secure – Schedule cash withdrawals before arriving at a GSB enabled ATM (see list below). No card or PIN needed, which protects sensitive information. […]

Introducing a Better Website Experience

As part of our promise to always be looking for ways to improve your banking experience, we’ve updated our website with a new navigation and more of the helpful information you need – just a click away. The Online Banking login has moved to the very top of each page, for easy access. Just click […]

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 […]