Issue link: https://nebusinessmedia.uberflip.com/i/1544453
W W W. M A I N E B I Z . B I Z 11 A P R I L 2 0 , 2 0 2 6 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 We believe the strongest financial plans start with a genuine partnership. Our team listens, takes the time to understand your priorities and provides you with tailored wealth management strategies to fit your goals. A Division of Securities and investment advisory services offered through qualified registered representatives of MML Investors Services, LLC. Member SIPC. Neither Barresi Financial nor United Insurance are a subsidiary or affiliate of MML Investors Services, LLC, or its affiliated companies. OSJ: 1 Marina Park Drive, 16th Floor Boston MA 02210. 617-585-4500. CRN202903-10796797 BarresiFinancial.com Scott Violette Vice President Nate Berry Senior Account Executive Bowen Leary Financial Advisor Zakkary Tracy Financial Advisor Malachai Willey Financial Advisor Craig Worcester Financial Advisor A Team of Professionals Dedicated to Helping You Secure Your Financial Future. S O U R C E : Federal Deposit Insurance Corp. BANK MARKET INSTITUTIONS BRANCHES DEPOSITS IN BILLIONS SHARE AS OF (PERCENTAGE) JUNE 30, BY YEAR In Maine, TD Bank and its predecessors BankNorth and People's Heritage have had a long history of having the largest market share. Today, TD Bank is still the market leader, but Bangor Savings and Camden National have steadily gained larger shares, with Bangor Savings closing the gap (see chart). For context, in 2020 TD Bank had a 14.07% share of the Maine market, followed by Camden National with 10.80% share and Bangor Savings with a 10.73%, according to FDIC data. A decade ago, the top four banks, by market share of deposits, were TD Bank (with 13.28%), KeyBank (11.77%), Bangor Savings (9.09%) and Camden National (with 8.02%). 2025 1 TD Bank 13.22% 2 Bangor Savings 12.09 3 Camden National 9.86 4 Northeast Bank 7.38 5 KeyBank 6.06 2023 1 TD Bank 13.37% 2 Bangor Savings 12.32 3 Camden National 10.92 4 Bank of America 6.17 5 KeyBank 6.03 2018 1 TD Bank 13.07% 2 Camden National 10.48 3 Bangor Savings 10.39 4 KeyBank 8.44 5 Bank of America 6.85 2013 1 TD Bank 9.76% 2 KeyBank 6.80 3 Bangor Savings 5.73 4 Camden National 5.07 5 Bank of America 3.74 2008 1 KeyBank 7.39% 2 TD Bank 7.39 3 Bank of America 5.15 4 Bangor Savings 4.59 5 Camden National 4.07 2003 1 BankNorth 18.98% 2 KeyBank 14.28 3 First National (Rhode Island) 8.17 4 Bangor Savings 6.78 5 Camden National 3.63 1998 1 People's Heritage 22.02% 2 KeyBank 14.45 3 Fleet Bank of Maine 11.42 4 Bangor Savings 6.81 5 Camden National 3.01 '98 '03 '08 '13 '18 '23 '25 '98 '03 '08 '13 '18 '23 '25 '98 '03 '08 '13 '18 '23 '25 0 375 400 425 450 475 500 525 10 20 30 40 50 60 $0 $10 $20 $30 $40 $50 $60 46 42 36 32 31 29 30 499 507 519 515 472 442 462 $12.7 $16.1 $34.8 $37.7 $29.4 $42.8 $48.9