W W W. M A I N E B I Z . B I Z 15 A P R I L 5 , 2 0 2 1
F O C U S B A N K I N G / F I N A N C E / I N S U R A N C E
D Bank has had a longtime
hold on the Maine market.
It is still Maine's top bank, based
on market share, according to data
from the Federal Deposit Insurance
Corp. But in recent years, Maine-
based Camden National Bank and
Bangor Savings Bank have closed
the gap, as the charts here show.
Each has more branches than TD
Bank, though evidently with fewer
average deposits. The Maine banks
have passed KeyBank, which has
10 fewer Maine offices than four
years ago, though the Cleveland-
based bank remains in the top 4.
Bank of America is unchanged in
the fifth spot.
FOC U S S TAR TS ON FOLLOWI NG PAGE
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BANKS WITH THE LARGEST MARKET SHARE IN MAINE, RANKED BY MAINE DEPOSITS AS OF JUNE 30, 2020
TD Bank ( 4 2 M A I N E O F F I C E S )
14.09% market share
$5.18 billion deposits
Camden National Bank ( 5 8 M A I N E O F F I C E S )
10.81% market share
$3.98 billion deposits
KeyBank ( 4 2 M A I N E O F F I C E S )
8.25% market share
$3.04 billion deposits
Bangor Savings Bank ( 5 9 M A I N E O F F I C E S )
10.74% market share
$3.95 billion deposits
Bank of America ( 1 2 M A I N E O F F I C E S )
7.52% market share
$2.77 billion deposits
N O T E S : 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. Expanded
list of 30 banks is available to
subscribers on mainebiz.biz.
S O U R C E : Federal Deposit Insurance
Corp. Data as of June 30
