Mainebiz

W W W. M A I N E B I Z . B I Z 27 A P R I L 2 1 , 2 0 2 5 F O C U S 8 Kennebunk Savings Bank 104 Main St., Kennebunk 04043 467-2880 • kennebunksavings.com $ 1,866,168 $ 1,486,454 $ 1,712,560 $ 1,626,222 $ 9,574 12 306 Lex Meagher 9 Kennebec Savings Bank 150 State St., Augusta 04332 622-5801 • kennebecsavings.bank $ 1,764,971 $ 1,460,078 $ 1,549,388 $ 1,348,133 $ 10,490 8 201 Andrew E. Silsby 10 Androscoggin Savings Bank 30 Lisbon St., Lewiston 04240 784-9164 • androscogginbank.com $ 1,661,812 $ 1,362,180 $ 1,515,456 $ 1,317,297 $ 6,914 10 196 Neil Kiely 11 Gorham Savings Bank 5 64 Main St., Gorham 04038 839-4450 • gorhamsavingsbank.com $ 1,608,101 $ 1,268,666 $ 1,491,881 $ 1,393,920 $ 5,407 13 195 Steve deCastro 12 Saco & Biddeford Savings Institution 252 Main St., Saco 04072 284-4591 • sbsavings.com $ 1,411,602 $ 1,131,331 $ 1,286,164 $ 1,011,066 $ 1,513 7 197 Mark Jones 13 Bath Savings Institution 105 Front St., Bath 04530 442-7711 • bathsavings.com $ 1,400,586 $ 814,852 $ 1,211,012 $ 1,098,984 $ 15,753 12 171 Glenn L. Hutchinson 14 Maine Community Bank 5 254 Main St., Biddeford 04005 833-762-0313 • mainecb.com $ 1,167,995 $ 983,817 $ 1,020,645 $ 895,674 $ 7,339 10 148 Steve deCastro 15 Katahdin Trust Co. 11 Main St., Patten 04765 528-2211 • katahdintrust.com $ 1,078,599 $ 816,453 $ 982,306 $ 931,493 $ 8,983 17 174 Jon Prescott 16 Partners Bank 900 Main St., Sanford 04073 324-2285 • partnersbankonline.com $ 1,041,970 $ 863,959 $ 950,079 $ 827,656 $ 3,181 8 136 Blaine Boudreau 6 17 Skowhegan Savings Bank 13 Elm St., Skowhegan 04976 474-9511 • skowhegansavings.com $ 841,456 $ 604,580 $ 739,181 $ 726,139 $ 7,185 12 139 David Cyr 7 18 Franklin Savings Bank 197 Main St., Farmington 04938 778-3339 • franklinsavings.bank $ 725,956 $ 616,812 $ 599,538 $ 546,072 $ 4,411 8 142 Tim Thompson 19 Aroostook County Federal Savings & Loan Association 43 High St., Caribou 04736 498-8726 • yourhomebank.com $ 202,982 $ 134,161 $ 184,898 $ 178,152 $ 716 2 27 Curt Paterson 20 First Federal Savings & Loan Assoc. of Bath 125 Front St., Bath 04530 442-8711 • firstfederalbath.com $ 182,131 $ 141,371 $ 155,447 $ 141,498 $ 585 5 36 Andrew Perry 21 Auburn Savings Bank 256 Court St., Auburn 04212 782-6871 • auburnsavings.com $ 102,307 $ 82,351 $ 96,432 $ 74,614 $ 32 2 16 William C. Tracy SOURCE: Federal Deposit Insurance Corp. (FDIC) 1 All figures as of Dec. 31, 2024, unless otherwise noted; most recent data available as of press time 2 For the cumulative four quarters ending Dec. 31, 2024 3 As of June 30, 2024 4 Completed the acquisition of North Conway, N.H.-based Northway Bank on Jan. 2, 2025 5 On Dec. 7, 2023, Maine Community Bancorp, MHC, the parent mutual holding company for Maine Community Bank, and Gorham Bancorp, MHC, the parent mutual holding company for Gorham Savings Bank, announced that they have entered into a definitive agreement to merge under the Maine Community Bank name. Though a formal effective date has not yet been set, the combined bank is expected to be operating on a single system by the third quarter of 2025. The merger was completed on Jan. 1, 2025. 6 In April 2025, announced plans to give up his duties as president on June 30, and stay on as CEO for another three months before passing the baton to Anthony Cataldi. 7 In December 2024, announced plans to retire by the end of 2025; Dan Tilton has been named as successor. - This list was compiled by Stephanie R. Meagher and published in the April 21, issue of Mainebiz. B A N K I N G / F I N A N C E / I N S U R A N C E Largest Maine-based banks Ranked by assets as of Dec. 31, 2024 (all dollar figures in thousands) 1 Bank Assets (000)/ net loans & leases (000) Liabilities (000)/ total domestic deposits (000) Net income (000) 2 Maine offices/ 3 total FTE employees Chief executive 1 Bangor Savings Bank 3 State St., Bangor 04401 942-5211 • bangor.com $ 7,237,664 $ 4,905,696 $ 6,807,505 $ 5,962,875 $ 12,332 63 1,092 Bob Montgomery-Rice 2 Camden National Bank 4 2 Elm St., Camden 04843 236-8821 • camdennational.com $ 5,790,238 $ 4,090,580 $ 5,790,238 $ 4,671,726 $ 55,486 56 570 Simon Griffiths 3 Northeast Bank 500 Canal St., Lewiston 04240 786-3245 • northeastbank.com $ 4,083,054 $ 3,581,247 $ 3,638,953 $ 3,178,140 $ 68,554 9 208 Richard Wayne 4 Bar Harbor Bankshares 82 Main St., Bar Harbor 04609 288-3314 • bhbt.com $ 4,077,997 $ 3,119,588 $ 3,584,925 $ 3,274,818 $ 50,725 22 455 Curtis C. Simard 5 First National Bank 223 Main St., Damariscotta 04543 563-3195 • thefirst.com $ 3,121,442 $ 2,316,069 $ 2,897,910 $ 2,726,323 $ 28,047 18 282 Tony C. McKim 6 Machias Savings Bank 4 Center St., Machias 04654 255-3347 • machiassavings.com $ 2,607,826 $ 2,136,837 $ 2,348,978 $ 2,305,045 $ 14,621 15 334 Lawrence Barker 7 Norway Savings Bank 261 Main St., Norway 04268 743-7986 • norwaysavingsbank.com $ 1,989,287 $ 1,423,547 $ 1,767,848 $ 1,532,228 $ 17,217 24 298 Daniel Walsh 8 Kennebunk Savings Bank 104 Main St., Kennebunk 04043 467-2880 • kennebunksavings.com $ 1,866,168 $ 1,486,454 $ 1,712,560 $ 1,626,222 $ 9,574 12 306 Lex Meagher 9 Kennebec Savings Bank 150 State St., Augusta 04332 622-5801 • kennebecsavings.bank $ 1,764,971 $ 1,460,078 $ 1,549,388 $ 1,348,133 $ 10,490 8 201 Andrew E. Silsby 10 Androscoggin Savings Bank 30 Lisbon St., Lewiston 04240 784-9164 • androscogginbank.com $ 1,661,812 $ 1,362,180 $ 1,515,456 $ 1,317,297 $ 6,914 10 196 Neil Kiely 11 Gorham Savings Bank 5 64 Main St., Gorham 04038 839-4450 • gorhamsavingsbank.com $ 1,608,101 $ 1,268,666 $ 1,491,881 $ 1,393,920 $ 5,407 13 195 Steve deCastro 12 Saco & Biddeford Savings Institution 252 Main St., Saco 04072 284-4591 • sbsavings.com $ 1,411,602 $ 1,131,331 $ 1,286,164 $ 1,011,066 $ 1,513 7 197 Mark Jones 13 Bath Savings Institution 105 Front St., Bath 04530 442-7711 • bathsavings.com $ 1,400,586 $ 814,852 $ 1,211,012 $ 1,098,984 $ 15,753 12 171 Glenn L. Hutchinson 14 Maine Community Bank 5 254 Main St., Biddeford 04005 833-762-0313 • mainecb.com $ 1,167,995 $ 983,817 $ 1,020,645 $ 895,674 $ 7,339 10 148 Steve deCastro 15 Katahdin Trust Co. 11 Main St., Patten 04765 528-2211 • katahdintrust.com $ 1,078,599 $ 816,453 $ 982,306 $ 931,493 $ 8,983 17 174 Jon Prescott 16 Partners Bank 900 Main St., Sanford 04073 324-2285 • partnersbankonline.com $ 1,041,970 $ 863,959 $ 950,079 $ 827,656 $ 3,181 8 136 Blaine Boudreau 6 17 Skowhegan Savings Bank 13 Elm St., Skowhegan 04976 474-9511 • skowhegansavings.com $ 841,456 $ 604,580 $ 739,181 $ 726,139 $ 7,185 12 139 David Cyr 7 18 Franklin Savings Bank 197 Main St., Farmington 04938 778-3339 • franklinsavings.bank $ 725,956 $ 616,812 $ 599,538 $ 546,072 $ 4,411 8 142 Tim Thompson 19 Aroostook County Federal Savings & Loan Association 43 High St., Caribou 04736 498-8726 • yourhomebank.com $ 202,982 $ 134,161 $ 184,898 $ 178,152 $ 716 2 27 Curt Paterson 20 First Federal Savings & Loan Assoc. of Bath 125 Front St., Bath 04530 442-8711 • firstfederalbath.com $ 182,131 $ 141,371 $ 155,447 $ 141,498 $ 585 5 36 Andrew Perry 21 Auburn Savings Bank 256 Court St., Auburn 04212 782-6871 • auburnsavings.com $ 102,307 $ 82,351 $ 96,432 $ 74,614 $ 32 2 16 William C. Tracy SOURCE: Federal Deposit Insurance Corp. (FDIC) 1 All figures as of Dec. 31, 2024, unless otherwise noted; most recent data available as of press time 2 For the cumulative four quarters ending Dec. 31, 2024 3 As of June 30, 2024 4 Completed the acquisition of North Conway, N.H.-based Northway Bank on Jan. 2, 2025 5 On Dec. 7, 2023, Maine Community Bancorp, MHC, the parent mutual holding company for Maine Community Bank, and Gorham Bancorp, MHC, the parent mutual holding company for Gorham Savings Bank, announced that they have entered into a definitive agreement to merge under the Maine Community Bank name. Though a formal effective date has not yet been set, the combined bank is expected to be operating on a single system by the third quarter of 2025. The merger was completed on Jan. 1, 2025. 6 In April 2025, announced plans to give up his duties as president on June 30, and stay on as CEO for another three months before passing the baton to Anthony Cataldi. 7 In December 2024, announced plans to retire by the end of 2025; Dan Tilton has been named as successor. - This list was compiled by Stephanie R. Meagher and published in the April 21, issue of Mainebiz. 1 All figures as of Dec. 31, 2024, unless otherwise noted; most recent data available as of press time 2 For the cumulative four quarters ending Dec. 31, 2024 3 As of June 30, 2024 4 Completed the acquisition of North Conway, N.H.-based Northway Bank on Jan. 2, 2025 5 On Dec. 7, 2023, Maine Community Bancorp, MHC, the parent mutual holding company for Maine Community Bank, and Gorham Bancorp, MHC, the parent mutual holding company for Gorham Savings Bank, announced that they have entered into a definitive agreement to merge under the Maine Community Bank name. Though a formal effective date has not yet been set, the combined bank is expected to be operating on a single system by the third quarter of 2025. The merger was completed on Jan. 1, 2025. 6 In April 2025, announced plans to give up his duties as president on June 30, and stay on as CEO for another three months before passing the baton to Anthony Cataldi. 7 In December 2024, announced plans to retire by the end of 2025; Dan Tilton has been named as successor. S O U R C E : Federal Deposit Insurance Corp. (FDIC) Let us help you write your next chapter. For the life you choose. At Norway Savings Asset Management Group, it's not necessarily the size of your nest egg we care about — it's the story behind it. Your planning decisions are a reflection of your values and your future. They're about the choices you've made to get here, and your vision for what comes next. We take the responsibility of protecting your financial future incredibly seriously. We make sure your story lives on. 207.482.7920 norwaysavings.bank N ot F DIC I n su red • N o B a n k G ua ra ntee • M ay Lose Va lue

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