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News
Here’s where we talk about what’s going on at Gorham Savings Bank and in our community. When we come across an interesting story about someone, someplace, a business, or an event, we will bring it to you. We will also post important information such as alerts concerning fraud, or tips on ways to navigate through financial challenges.
Wish Tree Tags
06.19.18

Gorham Savings Bank, in celebration of its 150th anniversary, announced it will grant up to $150,000 of wishes over the next 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 and non-customers alike to drop by, write down their wish on a special tag, and tie the tag to the tree – now through November 15.

...

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Gorham Savings Bank Announces NorthSpore of $50,000 LaunchPad Grant
06.07.18

PORTLAND, Maine —June 5, 2018 — 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 judges in a packed USM Hannaford Hall.  

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Gorham Savings Bank's Forward with Funding Program
06.01.18

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...

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05.22.18

A Big Impact on Small Business

GORHAM, Maine, May 17, 2018 — 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...

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Long-Time GSB CEO Chris Emmons to Retire
04.02.18

 

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 Coster will be the Bank's new board chair.

Under Emmons’s tenure, which began in 2003, Gorham Savings Bank more than doubled in asset size, eclipsing $1 billion in 2017, while growing from six to 13 branch...

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03.14.18

 

The 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.

The entry period opens on Thursday, March 15 and closes on Sunday, April 15 at 5:00pm. Entrepreneurs, start-ups, and established companies can enter via an online application at GorhamSavings.Bank/LaunchPad - no...

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02.26.18

 

Strong Loan Demand Necessitates Expansion of Bank’s Credit Team

 

Gorham Savings Bank, a premier southern Maine community bank, has hired Josh Steirman as Senior Credit Officer.

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01.31.18

 

Gorham Savings Bank, a premier southern Maine community bank, has hired seasoned Commercial Lender Nicholas Weightman, CRC®, to join its commercial lending team.

 

Weightman was recently Vice President, Commercial Loan Officer at TD Bank. His experience ranges from tax-exempt financing, SBA, CRE and construction loans, to interest rate derivatives, acquisitions, and...

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01.16.18

Hackers are always ready to exploit any opportunity to steal and misuse information. Two recently identified security flaws could allow hackers to steal sensitive data without your knowledge.

 

Meltdown and Spectre exploit critical vulnerabilities in computer processors to allow programs to steal data processed on a computer. This might include passwords stored in a password manager or browser, your personal photos, emails, instant messages and even business-critical documents.

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12.22.17

 

AEC Women’s Basketball Returns To Portland

 

Gorham Savings Bank has partnered with MaineHealth as presenting title sponsors for the America East Conference Women’s Basketball Championship in 2018....

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