Mainebiz

W W W. M A I N E B I Z . B I Z 13 A P R I L 1 , 2 0 1 9 F O C U S B A N K I N G / F I N A N C E aine's banks continue to fight for market share. While much of the market is centered in Portland, and a number of banks based in other regions of the state have a significant presence in Maine's larg- est city, as do banks based out-of- state. The statewide banking picture takes on a different look. Out-of-state banks are, in some cases, scaling back rural branches. Piscataquis County, with 17,000 residents, has the fewest number of branch offices, six, and less than 1% of Maine's bank deposits. Overall, commercial banks have 472 offices statewide and $29.4 billion in deposits. TD Bank has the largest share of both the Portland and state markets. Statewide, Camden National and Bangor Savings nudge out Bank of America and KeyBank, which are No. 2 and 3 in Portland, respectively. Credit unions have their own niche in the market as well, with $7.85 billion in assets. FOC U S S TAR TS ON FOLLOWI NG PAGE » M MAINE'S COMMERCIAL BANKING MARKET S O U R C E : Federal Deposit Insurance Corp., through June 30, 2018 Aroostook ( 2 6 ) Oxford ( 1 6 ) Washington ( 1 8 ) Sagadahoc ( 1 0 ) Somerset ( 1 4 ) Franklin ( 1 2 ) Waldo ( 8 ) Piscataquis ( 6 ) Cumberland ( 1 2 1 O F F I C E S ) York ( 6 5 ) Penobscot ( 4 7 ) Hancock (3 0 ) Kennebec ( 3 6 ) Androscoggin ( 2 4 ) Knox ( 2 1 ) Lincoln ( 1 8 ) 31.57% market share $9,287,604,000 deposits 12.91% $3,797,303,000 10.06% $2,960,094,000 7.26% $2,136,866,000 6.75% $1,987,050,000 6.65% $1,954,930,000 5.16% $1,518,358,000 4.46% $1,313,326,000 2.35% $691,541,000 3.27% $963,358,000 2.12% $622,359,000 1.96% $578,078,000 1.95% $573,956,000 1.6% $470,552,000 1.28% $376,576,000 0.64% $186,842,000 472 offices $29,418,793,000 deposits TOTALS

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