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V O L . X X V I N O. V I I A P R I L 6 , 2 0 2 0 24 B A N K I N G / F I N A N C E / I N S U R A N C E F O C U S C O M P I L E D B Y T I M O T H Y D O Y L E C O M P I L E D B Y T I M O T H Y D O Y L E Purchase this list and more as an Excel document at mainebiz.biz/DataCenter @ Largest Maine-based banks Ranked by total assets as of December 31, 2019 Largest Maine-based banks Ranked by total assets as of December 31, 2019 Previous year's rank 1 Assets (000)/ Deposits (000) Net loans and leases (000)/ Liabilities (000) Net income (000) 2 Maine offices/ Full-time employees Chief Executive 1 Bangor Savings Bank 3 3 State St., Bangor 04401 942-5211, bangor.com 1 $4,733,474 $3,657,729 $3,175,170 $4,258,130 $34,020 55 4 907 Bob Montgomery-Rice 2 Camden National Bank 2 Elm St., Camden 04843 236-8821, camdennational.com 2 $4,410,250 $3,568,290 $3,081,706 $3,901,101 $59,480 61 630 Gregory Dufour 3 Bar Harbor Bank & Trust 82 Main St., Bar Harbor 04609 288-3314, bhbt.com 3 $3,665,517 $2,725,001 $2,625,739 $3,238,602 $26,575 14 457 Curtis Simard 4 First National Bank 223 Main St., Damariscotta 04543 563-3195, thefirst.com 4 $2,036,932 $1,651,494 $1,285,590 $1,853,278 $26,122 16 240 Tony C. McKim 5 Machias Savings Bank 4 Center St., Machias 04654 255-3347, machiassavings.com 5 $1,525,860 $1,312,140 $1,314,591 $1,326,924 $16,577 16 281 Lawrence Barker 6 Kennebunk Savings Bank 104 Main St., Kennebunk 04043 467-2880, kennebunksavings.com 6 $1,326,716 $1,145,017 $1,047,441 $1,181,347 $10,323 12 298 Bradford Paige 7 Gorham Savings Bank 64 Main St., Gorham 04038 839-4450, gorhamsavingsbank.com 9 $1,256,735 $1,030,221 $968,331 $1,136,642 $7,986 15 191 Steve deCastro 8 Norway Savings Bank 261 Main St., Norway 04268 743-7986, norwaysavingsbank.com 7 $1,237,204 $1,010,787 $1,018,989 $1,042,078 $20,559 24 298 Patricia Weigel 9 Northeast Bank 500 Canal St., Lewiston 04240 786-3245, northeastbank.com 8 $1,208,005 $956,407 $997,704 $1,044,605 $20,921 12 172 Richard Wayne 10 Kennebec Savings Bank 150 State St., Augusta 04332 622-5801, www.kennebecsavings.bank 10 $1,161,141 $789,013 $973,369 $1,007,396 $17,715 5 134 Andrew Silsby 11 Androscoggin Savings Bank 30 Lisbon St., Lewiston 04240 784-9164, androscogginbank.com 11 $1,084,186 $897,521 $904,173 $965,111 $7,089 12 180 Neil Kiely 12 Saco & Biddeford Savings Institution 252 Main St., Saco 04072 284-4591, sbsavings.com 12 $1,031,633 $709,932 $842,503 $912,837 $7,032 7 206 Bob Quentin 13 Bath Savings Institution 105 Front St., Bath 04530 442-7711, bathsavings.com 13 $937,261 $737,319 $631,999 $794,591 $16,147 9 180 Glenn Hutchinson 14 Katahdin Trust Co. 11 Main St., Patten 04765 528-2211, katahdintrust.com 14 $850,692 $718,198 $694,823 $764,551 $8,698 16 171 Jon Prescott 15 Partners Bank 900 Main St., Sanford 04073 324-2285, www.partnersbankonline.com 16 $618,622 $483,713 $515,910 $545,397 $6,544 8 123 Blaine Boudreau 1 Based on June 30, 2018 assets. 2 As of June 30, 2019. 3 Announced Dec. 17, 2019, Bangor Savings Bank plans to acquire Damariscotta Bank & Trust Co. for roughly $35 million, pending regulatory approvals. The transaction is expected 1 Based on June 30, 2018 assets. 2 As of June 30, 2019. 3 Announced Dec. 17, 2019, Bangor Savings Bank plans to acquire Damariscotta Bank & Trust Co. for roughly $35 million, pending regulatory approvals. The transaction is expected to be completed in the second quarter of 2020. 4 Plans to add branches in Windham and Manchester, N.H. by early 2021. N O T E : Bank of America, KeyBank, People's United Bank and TD Bank are omitted because they are not based in Maine. S O U R C E : Federal Deposit Insurance Corp.