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Our Yarmouth branch will close at noon on Friday 7/19 and remain closed on Saturday 7/20 for the Yarmouth Clam Festival. The drive-up video teller is available normal hours. We apologize for the inconvenience. See nearby locations.

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Maine Community Bank Logo and Gorham Savings Bank Logo

A MERGER OF EQUALS

Soon with the largest branch network spanning our three counties.

  • $2.7B Total Assets
  • 370+ Employees
  • 21 Branches
Bank and ATM/VTM Locations Map
Opening quotation

“Merging Maine Community Bank with Gorham Savings makes sense across the board and marks an exciting new chapter. Our values and mission align very well, underpinning our commitment to meeting the ever-growing needs of our customers, acting as a force for good in the communities we serve, and providing greater opportunities for our employees.”

Closing quotation
Steve deCastro, GSB President and CEO

Latest Merger Updates

We know you have many questions regarding the merger, so we’ve provided answers to those important questions.

SEE MORE FAQS

2024Oct

Anticipated FDIC & Federal Regulator Approval

We hope to close in the third quarter of 2024, which will initiate Steve deCastro as President and CEO and Jeanne Hulit as President before retiring the following year.

2024June

Merger Approved By State of Maine Regulators

While we continue to work through the application process for the FDIC and Federal Regulators, we are pleased to have officially received approval from the Maine Bureau of Financial Institutions, effective June 29, 2024.

2024May

Gorham Bancorp Corporators Approve Proposed Merger

At the 156th annual meeting of Gorham Bancorp, Corporators overwhelmingly approved Gorham Savings Bank’s proposed merger with Maine Community Bank.

2024Jan

A Merger of Equals | A CEO Chat

Take a glimpse behind-the-scenes of our merger of equals with Maine Community Bank. CEOs Steve deCastro and Jeanne Hulit provide some valuable insight into the rationale behind the merger and just how complementary our two organizations are.

2024Jan

MEREDA Matters Podcast

Recently, Steve deCastro, President & CEO of Gorham Savings Bank, and Jeanne Hulit, President & CEO of Maine Community Bank, joined Maine Real Estate and Development Association Board Member, Josh Soley, for an engaging discussion about our exciting announcement of their bank’s merger of equals. Don’t miss the insights on the MEREDA Matters podcast!

2023Dec

Public Announcement

Gorham Savings Bank and Maine Community Bank to Combine In A Merger Of Equals.

SEE PRESS RELEASE

2023Dec

A Letter From Our President & CEO

Two strong, locally focused banks are coming together to create one even more capable community bank that will continue to provide the highly personalized customer service, local decision-making, and unparalleled community focus you’ve come to expect.

READ CUSTOMER LETTER

WHY THIS MERGER OF EQUALS MAKES GREAT SENSE

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Cultural Alignment

The DNA of our organizations is incredibly similar. Our mission, vision and values align seamlessly.

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Community Focus

Commitment to community defines our two organizations. Together we'll be an even greater force for good.

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A Personal Approach

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.

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Local, Local, Local

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.

LEARN MORE ABOUT

MAINE COMMUNITY BANK