2 new alerts

FRAUD ALERT: Please be aware of a widespread phishing scam and keep in mind that Gorham Savings Bank will NEVER ask you for your personal information, such as your pin, security code or password. Before responding to a text or email, stop and think using the “10 and 2” rule: wait 10 minutes and talk to at least 2 people. If you suspect fraud, please contact Customer Service.

Browse our Security Center for tools and resources to protect your privacy and personal financial information. Find online banking security tips along with information on common scams. If you are ever in doubt, call us directly at (207) 839-4796.

Dismiss
View all alertsView all alerts DismissDismiss
Maine Community Bank Logo and Gorham Savings Bank Logo

A MERGER OF EQUALS

Together for good on January 1, 2025.

  • $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 realize you may have many questions regarding the merger, so we’ve provided answers to those important questions.

SEE MORE FAQS

2025Jan

Merger Set For January 1, 2025

The merger will officially close on January 1, combining our organizations and creating the largest mutual savings bank operating exclusively in Maine. Headquartered in Portland, the combined institution will have even greater capacity to meet the needs of our customers, our employees, and our community. Steve deCastro will serve as CEO and Jeanne Hulit as President with plans to retire in late 2025.

Much will remain the same—your existing GSB account/routing numbers, GSB debit/credit cards, online and mobile banking logins—until the combined bank is functioning on a single core operating system, which we expect to occur in late 2025. For a seamless experience during this time, please continue to bank at the GSB branches you’re accustomed to—with the same team who remains eager to serve you.  

SEE CUSTOMER EMAIL

2024June

Final Regulatory Approval Received

The merger received final regulatory approval from the FDIC, the Federal Reserve, and the Maine Bureau of Financial Institutions in June 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

Cultural AlignmentShow blockShow block

Cultural Alignment

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

Community FocusShow blockShow block

Community Focus

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

A Personal ApproachShow blockShow block

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.

Local, Local, LocalShow blockShow block

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