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News & Events

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 […]

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 […]

Round It Up Makes Saving Easy And Convenient

Now consumer debit card customers can start saving automatically with Round It Up. Enroll today and debit card transactions will be automatically rounded to the nearest dollar. The aggregate amount is then transferred from your checking account to a designated savings account the next day. The most effective way to save is automatically and Round […]

New Enhancements To Mobile Bill Pay

Bill Pay users can now add, edit, and delete payees on through the GSB mobile banking app! Manage payees on-the-go from your mobile device. This update provides Bill Pay users with increased functionality to conveniently manages their finances through the mobile app. Questions? Contact the Customer Service Center at (207) 274-7532 or customerservice@gorhamsavingsbank.com.

Touch ID & Face ID Now Unlocks All Features of Mobile Banking App

TRANSFER FUNDS, AND MAKE BILL PAYMENTS AND DEPOSITS WITH TOUCH ID AND FACE ID – USERNAME AND PASSWORD NO LONGER REQUIRED You asked, and we are happy to announce that GSB mobile banking users can now access their account and manage funds quickly and securely with Touch ID. A username and password login is no […]

Take Control Of Expense Management With BizNOW™

With BizNOW prepaid cards, you can save time and effort in managing your cash flow and employee expenses. BizNOW offers speed, flexibility and real-time reporting on-the-go. Get started today! SIGN UP

New Fraud Protections Now In Place

To provide further protection, customers will now receive text and email messages if suspicious purchases are detected. We will ONLY ask you to verify whether the purchase is valid or not. We will not ask for account or personal information. Customers are encouraged to provide updated mobile phone numbers and email addresses by contacting the […]

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 […]