V O L . X X V I I N O. X X V I I I
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BO O K O F L I S T S 2 0 2 2
F I NA N C E
Banks with the largest market share in Maine
Ranked by Maine deposits as of June 30, 2021 (all dollar figures in thousands)
1 People's United Bank is in the process of being acquired by M&T Bank of Buffalo, New York. The deal is expected to close in the fourth quarter of 2021.
This list was compiled by Timothy Doyle. Expanded list of 29 banks is available to subscribers on mainebiz.biz.
N O T E : There are 29 banking institutions doing business in Maine represented by 443 branches with $41.9 billion in deposits.
S O U R C E : Federal Deposit Insurance Corp. Data as of June 30, 2021.
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Banks with the largest market share in Maine
Ranked by Maine deposits as of June 30, 2021 (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
$5,694,040 13.59% 39 Gregory Braca
2 Bangor Savings Bank
3 State St., Bangor 04401
942-5211, bangor.com
$4,889,596 11.67% 60 Bob Montgomery-Rice
3 Camden National Bank
2 Elm St., Camden 04843
236-8821, camdennational.com
$4,286,730 10.23% 57 Gregory Dufour
4 KeyBank
127 Public Square, Cleveland, Ohio 44114
800-539-2968, key.com
$3,765,578 8.99% 36 Christopher Gorman
5 Bank of America
100 N. Tryon St., Charlotte, N.C. 28202
800-900-9000, bankofamerica.com
$2,794,593 6.67% 12 Brian Moynihan
6 First National Bank
223 Main St., Damariscotta 04543
563-3195, thefirst.com
$1,962,718 4.68% 17 Tony C. McKim
7 Northeast Bank
500 Canal St., Lewiston 04240
786-3245, northeastbank.com
$1,879,541 4.49% 11 Richard Wayne
8 Machias Savings Bank
4 Center St., Machias 04654
255-3347, machiassavings.com
$1,734,692 4.14% 15 Lawrence Barker
9 Bar Harbor Bank & Trust
82 Main St., Bar Harbor 04609
288-3314, bhbt.com
$1,504,832 3.59% 22 Curtis Simard
10 Norway Savings Bank
261 Main St., Norway 04268
743-7986, norwaysavingsbank.com
$1,404,503 3.35% 24 Patricia Weigel
11 Kennebunk Savings Bank
104 Main St., Kennebunk 04043
467-2880, kennebunksavings.com
$1,344,694 3.21% 12 Bradford Paige
12 People's United Bank
1
850 Main St., Bridgeport, Conn. 06604
203-338-7001, peoples.com
$1,334,612 3.18% 17 John Barnes
13 Gorham Savings Bank
64 Main St., Gorham 04038
839-4450, gorhamsavingsbank.com
$1,304,535 3.11% 14 Steve deCastro
14 Androscoggin Savings Bank
30 Lisbon St., Lewiston 04240
784-9164, androscogginbank.com
$1,136,571 2.71% 11 Neil Kiely
15 Kennebec Savings Bank
150 State St., Augusta 04332
622-5801, www.kennebecsavings.bank
$1,121,109 2.68% 7 Andrew Silsby
1 People's United Bank is in the process of being acquired by M&T Bank of Buffalo, New York. The deal is expected to close in the fourth quarter of 2021.
Note: There are 29 banking institutions doing business in Maine represented by 443 branches with $41.9 billion in deposits.
This list was compiled by Timothy Doyle. Expanded list of 29 banks is available to subscribers on mainebiz.biz.
SOURCE: Federal Deposit Insurance Corp. Data as of June 30, 2021.
