W W W. M A I N E B I Z . B I Z 31
BO O K O F L I S T S 2 0 21
F I NA N C E
Banks with the largest market share in Maine
Ranked by Maine deposits as of June 30, 2020 (all dollar figures in thousands)
1 Announced Dec. 17, 2019, Bangor Savings Bank plans to acquire Damariscotta Bank
& Trust Co. for roughly $35 million, pending regulatory approvals. The transaction is ex-
pected to be completed in the second quarter of 2020.
2 Plans to add branches in Windham and Manchester, N.H. by early 2021.
3 Replaced Beth Mooney on May 1, 2020.
This list was compiled by Timothy Doyle and previously unpublished in Mainebiz. Expanded
list of 30 banks is available to subscribers on mainebiz.biz.
N O T E : There are 30 banking institutions doing business in Maine represented by 454
branches with $36.8 billion in deposits.
S O U R C E : Federal Deposit Insurance Corp.
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Banks with the largest market share in Maine
Ranked by Maine deposits as of June 30, 2020 (all dollar figures in thousands)
Maine
deposits (000)
Market
share Maine offices Chief executive
1 TD Bank
1701 Route 70 East, Cherry Hill, N.J. 08034
888-751-9000, tdbank.com
$5,180,315 14.09% 42 Gregory Braca
2 Camden National Bank
2 Elm St., Camden 04843
236-8821, camdennational.com
$3,976,260 10.81% 59 Gregory Dufour
3 Bangor Savings Bank
1
3 State St., Bangor 04401
942-5211, bangor.com
$3,951,364 10.74% 54
2
Bob Montgomery-Rice
4 KeyBank
127 Public Square, Cleveland, Ohio 44114
800-539-2968, key.com
$3,035,643 8.25% 42 Christopher Gorman
3
5 Bank of America
100 N. Tryon St., Charlotte, N.C. 28202
800-900-9000, bankofamerica.com
$2,766,299 7.52% 12 Brian Moynihan
6 First National Bank
223 Main St., Damariscotta 04543
563-3195, thefirst.com
$1,741,124 4.73% 16 Tony C. McKim
7 Bar Harbor Bank & Trust
82 Main St., Bar Harbor 04609
288-3314, bhbt.com
$1,563,293 4.25% 22 Curtis Simard
8 Machias Savings Bank
4 Center St., Machias 04654
255-3347, machiassavings.com
$1,484,366 4.04% 16 Lawrence Barker
9 Norway Savings Bank
261 Main St., Norway 04268
743-7986, norwaysavingsbank.com
$1,195,519 3.25% 24 Patricia Weigel
10 Gorham Savings Bank
64 Main St., Gorham 04038
839-4450, gorhamsavingsbank.com
$1,194,711 3.25% 14 Steve deCastro
1 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.
2 Plans to add branches in Windham and Manchester, N.H. by early 2021.
3 Replaced Beth Mooney on May 1, 2020.
Note: There are 30 banking institutions doing business in Maine represented by 454 branches with $36.8 billion in deposits.
This list was compiled by Timothy Doyle and previously unpublished in Mainebiz. Expanded list of 30 banks is available to subscribers on mainebiz.biz.
SOURCE: Federal Deposit Insurance Corp.
