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V O L . X X I N O. X X I X 38 BO O K O F L I S T S 2 0 16 F I NA N C E Largest Maine-based banks Ranked by total assets as of Dec. 31, 2014 (all dollar figures in thousands) Assets Deposits Net loans and leases Liabilities Net income Maine offices Full-time employees Chief executive 1 Bangor Savings Bank 1 99 Franklin St., Bangor 04401 942-5211, www.bangor.com $3,110,609 $2,256,699 $2,115,761 $2,773,366 $21,859 58 677 Bob Montgomery- Rice 2 Camden National Bank 2 2 Elm St., Camden 04843 236-8821, www.camdennational.com $2,762,686 $1,950,722 $1,751,494 $2,495,746 $25,882 45 440 Gregory Dufour 3 Bar Harbor Bank & Trust 82 Main St., Bar Harbor 04609 288-3314, www.bhbt.com $1,458,456 $859,170 $910,055 $1,310,407 $15,838 15 220 Curtis Simard 4 The First 223 Main St., Damariscotta 04543 563-3195, www.thefirst.com $1,448,154 $1,025,341 $907,220 $1,315,755 $15,072 16 218 Tony C. McKim 5 Machias Savings Bank 4 Center St., Machias 04654 255-3347, www.machiassavings.com $1,112,734 $908,265 $947,613 $974,923 $8,852 17 238 Lawrence Barker 6 Norway Savings Bank 261 Main St., Norway 04268 743-7986, www.norwaysavingsbank.com $994,239 $809,929 $792,468 $861,506 $8,639 25 277 Patricia Weigel 7 Gorham Savings Bank 64 Main St., Gorham 04038 839-4450, www.gorhamsavingsbank.com $969,976 $743,469 $726,041 $880,693 $4,134 12 176 Chris Emmons 8 Kennebunk Savings Bank 104 Main St., Kennebunk 04043 985-4903, www.kennebunksavings.com $922,234 $795,059 $767,973 $819,047 $7,900 13 272 Bradford Paige 9 Saco & Biddeford Savings Institution 252 Main St., Saco 04072 284-4591, www.sbsavings.com $829,413 $536,425 $666,196 $743,865 $5,718 7 197 Kevin Savage 10 Androscoggin Bank 30 Lisbon St., Lewiston 04240 784-9164, www.androscogginbank.com $807,822 $632,335 $646,629 $716,337 $5,960 12 129 Paul Andersen 11 Northeast Bank 500 Canal St., Lewiston 04240 786-3245, www.northeastbank.com $806,585 $648,230 $577,114 $704,891 $5,514 12 178 Richard Wayne 12 The Bank of Maine 3 2 Canal Plaza, Portland 04101 518-6774, www.thebankofmaine.com $805,459 $657,798 $629,685 $706,321 $2,351 26 254 John Everets 13 Kennebec Savings Bank 150 State St., Augusta 04332 622-5801, www.kennebecsavings.com $805,402 $527,066 $636,761 $701,591 $6,168 5 114 Andrew Silsby 14 Bath Savings Institution 105 Front St., Bath 04530 442-7711, www.bathsavings.com $765,362 $592,446 $491,412 $677,512 $6,491 11 165 Glenn Hutchinson 15 Katahdin Trust Co. 11 Main St., Patten 04765 528-2211, www.katahdintrust.com $666,408 $561,783 $559,438 $599,641 $4,469 20 196 Jon Prescott 16 Skowhegan Savings Bank 13 Elm St., Skowhegan 04976 474-9511, www.skowsavings.com $534,853 $388,820 $401,960 $462,718 $3,117 16 132 John Witherspoon 17 Sanford Institution for Savings 900 Main St., Sanford 04073 324-2285, www.banksisonline.net $452,331 $360,509 $379,132 $397,675 $2,980 8 107 Mark Mickeriz 18 Biddeford Savings Bank 254 Main St., Biddeford 04005 284-5906, www.biddefordsavings.com $379,774 $273,680 $312,189 $341,708 $2,386 6 74 Charles Petersen Largest Maine-based banks Ranked by total assets as of Dec. 31, 2014 (all dollar figures in thousands) Assets Deposits Net loans and leases Liabilities Net income Maine offices Full-time employees Chief executive 1 Bangor Savings Bank 1 99 Franklin St., Bangor 04401 942-5211, www.bangor.com $3,110,609 $2,256,699 $2,115,761 $2,773,366 $21,859 58 677 Bob Montgomery- Rice 2 Camden National Bank 2 2 Elm St., Camden 04843 236-8821, www.camdennational.com $2,762,686 $1,950,722 $1,751,494 $2,495,746 $25,882 45 440 Gregory Dufour 3 Bar Harbor Bank & Trust 82 Main St., Bar Harbor 04609 288-3314, www.bhbt.com $1,458,456 $859,170 $910,055 $1,310,407 $15,838 15 220 Curtis Simard 4 The First 223 Main St., Damariscotta 04543 563-3195, www.thefirst.com $1,448,154 $1,025,341 $907,220 $1,315,755 $15,072 16 218 Tony C. McKim 5 Machias Savings Bank 4 Center St., Machias 04654 255-3347, www.machiassavings.com $1,112,734 $908,265 $947,613 $974,923 $8,852 17 238 Lawrence Barker 6 Norway Savings Bank 261 Main St., Norway 04268 743-7986, www.norwaysavingsbank.com $994,239 $809,929 $792,468 $861,506 $8,639 25 277 Patricia Weigel 7 Gorham Savings Bank 64 Main St., Gorham 04038 839-4450, www.gorhamsavingsbank.com $969,976 $743,469 $726,041 $880,693 $4,134 12 176 Chris Emmons 8 Kennebunk Savings Bank 104 Main St., Kennebunk 04043 985-4903, www.kennebunksavings.com $922,234 $795,059 $767,973 $819,047 $7,900 13 272 Bradford Paige 9 Saco & Biddeford Savings Institution 252 Main St., Saco 04072 284-4591, www.sbsavings.com $829,413 $536,425 $666,196 $743,865 $5,718 7 197 Kevin Savage 10 Androscoggin Bank 30 Lisbon St., Lewiston 04240 784-9164, www.androscogginbank.com $807,822 $632,335 $646,629 $716,337 $5,960 12 129 Paul Andersen 11 Northeast Bank 500 Canal St., Lewiston 04240 786-3245, www.northeastbank.com $806,585 $648,230 $577,114 $704,891 $5,514 12 178 Richard Wayne 12 The Bank of Maine 3 2 Canal Plaza, Portland 04101 518-6774, www.thebankofmaine.com $805,459 $657,798 $629,685 $706,321 $2,351 26 254 John Everets 13 Kennebec Savings Bank 150 State St., Augusta 04332 622-5801, www.kennebecsavings.com $805,402 $527,066 $636,761 $701,591 $6,168 5 114 Andrew Silsby 14 Bath Savings Institution 105 Front St., Bath 04530 442-7711, www.bathsavings.com $765,362 $592,446 $491,412 $677,512 $6,491 11 165 Glenn Hutchinson 15 Katahdin Trust Co. 11 Main St., Patten 04765 528-2211, www.katahdintrust.com $666,408 $561,783 $559,438 $599,641 $4,469 20 196 Jon Prescott 16 Skowhegan Savings Bank 13 Elm St., Skowhegan 04976 474-9511, www.skowsavings.com $534,853 $388,820 $401,960 $462,718 $3,117 16 132 John Witherspoon 17 Sanford Institution for Savings 900 Main St., Sanford 04073 324-2285, www.banksisonline.net $452,331 $360,509 $379,132 $397,675 $2,980 8 107 Mark Mickeriz 18 Biddeford Savings Bank 254 Main St., Biddeford 04005 $379,774 $273,680 $312,189 $341,708 $2,386 6 74 Charles Petersen C O N T I N U E D O N P A G E 4 0 » T hough our list of the largest Maine-based banks ranks them by total assets as of Dec. 31, 2014, Maine banks have been on the move in many ways in 2015. The 2015 numbers, which Mainebiz will release it its April 19, 2016, edition, will reflect the October 2015 merger of The Bank of Maine and Camden National Bank. The resultant combined bank will displace Bangor Savings Bank, holder of first place in 2014 and many years before it, to create Maine's largest community bank under the Camden National brand, with 64 branches, $3.6 billion in assets and some 700 employees. Bangor Savings had some moves of its own in 2015, with Bob Montgomery-Rice taking over as president on Jan. 15 and predicting a future that includes expanding branches in southern Maine and adding more technol- ogy to the bank's repertoire of services. Montgomery-Rice's appointment was one of four new bank leaders in the first month of 2015. The past four years saw 11 new CEOs, signs of the changing times in banking, Christopher Pinkham, president of the Maine Bankers Association, told Mainebiz in October. Pinkham more recently noted that a lot of Maine's 9,100 bank employees are 55 or older, reflecting the state's overall age demographics. That opens up job opportunities for millennials and others in the future, including in information technology. Like other states, Maine's banks also are growing by adding online services, like Internet deposits and online banking, to keep customers who are moving away from brick-and-mortar banking. Pinkham notes that priorities for all of Maine's banks going forward include cybersecurity and fraud issues, and that the new EMV chip cards are on everyone's mind. The EMV chips were supposed to be in cards and most chip-processing equipment for merchants by October, but are still being rolled out throughout the country. He also says banks are still trying to get out from under the cloud that hit all of them during the recession and once again become trusted partners with customers. Some of the focus going forward is to have banks help those in need, like identifying elder fraud by training bank tellers or helping students swimming in college debt. The coming months will be key times for Maine banks as they upgrade to EMV cards and figure out new services and ways to keep customers as regula- tory procedures and costs continue to rise. — L o r i V a l i g r a Year in banking marked by leadership changes and a big merger