Mainebiz

V O L . X X I X N O. V I I A P R I L 3 , 2 0 2 3 4 A division of New England Business Media LLC C E O / GROUP PUBLISHER Peter Stanton P R E S I D E N T Tom Curtin DIGITAL DIRECTOR Jan Holder PUBLISHER Andrea Tetzlaff EDITOR Peter Van Allen DIGITAL EDITOR Ann Fisher SENIOR WRITERS Renee Cordes Laurie Schreiber STAFF WRITER Alexis Wells CONTRIBUTING WRITERS Mark Jeanneret Carrie Yardley RESEARCH DIRECTOR Stephanie Meagher RESEARCH ASSISTANT Heide Martin ART DIRECTOR Matt Selva HOSPITALITY Buster HOSPITALITY EMERITUS Zoey SENIOR ACCOUNT MANAGERS Ken Hanson Kerry Rasor Betsy VanderPloeg MARKETING/OPERATIONS DIRECTOR Alison Nason OPERATIONS COORDINATOR Allison Spies AUDIENCE DEVELOPMENT SPECIALIST Leah Allen C O N T E N T S Maine Banks by market share and branches 11 12 Checks and balances Maine banks, believers in safety first, may face bumpy ride if turmoil escalates 18 23 Insurance industry expansion and transitions Acquisitions, C-suite transitions, new hires and market expansions are on tap in the growing industry Banks with the largest market share in Maine Ranked by Maine deposits as of June 30, 2022 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 SP ONSORED BY DREW LYMAN LEIGH SAUFLEY AMINA HASSAN TOM WATSON HABIB DAGHER DANA CONNORS TIM HARRINGTON TRAVIS MILLS MARGO WALSH Meet and honor the 2023 Business Leaders of the Year! April 5, 5–7PM P O R T L A N D ' S O C E A N G AT E WAY 1 4 O C E A N G AT E WAY P I E R, P O R T L A N D mainebiz.biz/BLOY23 Tickets are available at Tickets are available at C O U R T E S Y P H O T O S 12 Jonathan Cross Matthew McHatten Michael Bourque Michael Pierce

• Cover