Mainebiz

V O L . X X I I I N O. V I I I A P R I L 1 7 , 2 0 1 7 20 F O C U S B A N K I N G / F I N A N C E THERE IS THERE IS A DIFFERENCE A DIFFERENCE THERE IS Because Construction Management Design/Build General Contracting Engineering Construction Management Design/Build General Contracting Engineering Sheridan Sheridan Construction Construction www.sheridancorp.com www.sheridancorp.com Fairfield Fairfield Portland 207-453-9311 207-453-9311 207-774-6138 Announcement date Deal value (in millions) Target Acquirer 1 Oct. 30, 2015 $3,653 First Niagara Financial Group Inc. KeyCorp 2 Jan. 26, 2016 $3,600 FirstMerit Corp. Huntington Bancshares Inc. 3 March 7, 2017 $2,230 Astoria Financial Corp. Sterling Bancorp. 4 July 21, 2016 $1,784 Yadkin Financial Corp. FNB Corp. 5 Jan. 26, 2016 $1,763 Talmer Bancorp Inc. Chemical Financial Corp. B anking continues to evolve to meet the demands of its depositors and its borrowers, who are asking for an increased level of technology — whether with ATMs, apps or online banking. At the same time, banks have also had to evolve to outwit hackers and cyber thieves. Yet, through all the changes, custom- ers still appreciate bricks-and-mortar branches. And Maine is seeing a surprising number of both new commercial bank branches and credit unions branches. B S O U R C E : Dealogic S O U R C E : Dealogic TOP 5 U.S. BANK M&A DEALS SINCE 2015 U.S. BANK M&A VALUE U.S. BANK M&A DEALS Q1 VENTURE CAPITAL, N.E. Balancing the demand for technology and bricks and mortar B y L a u r i e S c h r e i b e r Gorham Savings Bank in early April opened its new branch in the historic Grand Trunk building, at 1 India St. in Portland. The bank purchased the building's fi rst fl oor just over a decade ago, and the second and third fl oor two years ago. "We started drawing up plans [for renovations] almost immediately," says CEO Christopher Emmons. Construction started in June 2016, turning the fi rst fl oor into a retail branch and the upper two fl oors into offi ce space and a board room. Despite the building's historic feel, customers will be greeted with an exten- sive array of technology. There's a different customer service pre- sentation, he says. For starters, there are no teller windows. Along with two offi ces to conduct business, customers will see an interactive teller machine (ITM), which looks like an ATM but offers via touch- screen automatic dial-in to a customer ser- vice representative located at the bank's customer service center in Gorham. The ITM can also be used as an ATM. Gorham Savings uses ITMs at its other branches. "The ITM continues to be a piece of technology that we think will accommo- date customers in a way that enables us to expand hours and still be able to give a high degree of personal service through the interactive video port," says Emmons. The ITMs also save on costs, requiring only one customer service representative at the Gorham offi ce through extended hours, compared with two to four people to staff a branch. The new branch also features a "technol- ogy bar," where customers can use their lap- top and devices, or use the bank's. Staffers are available to assist both at the ITM and tech bar. "Once our customers become familiar with it, they fi nd it very accessible, and they still enjoy the interaction of deal- ing with a real person," Emmons says. F I L E P H O T O / T I M G R E E N WAY Christopher Emmons, president and CEO of Gorham Savings Bank, recently oversaw the opening of a branch and offi ce space in Portland. The site combines a bricks-and- mortar presence with the latest technology. 1 Due to methodology, the report did not include two Form D fi lings with the SEC. Rambler's Way Farm Inc. of Kennebunk raised $6.4 million of a $10 million amended fi ling in February. And Double Blue Sports Analytics of Orono raised $100,000 of a $160,000 amended equity, option and other offering in March. S O U R C E : MoneyTree Report/Pricewater- houseCoopers/CB Insights Amount raised Deals CT $85.9M 12 ME 1 0 0 MA $1.8B 95 NH $16.2M 3 RI $18.8M 3 VT $150K 1 U.S. $13.9B 1,104 $0 $32B $64B $96B $128B $160B '17 '15 '13 '11 '09 '07 '05 '03 '01 '99 '97 0 100 200 300 400 500 '17 '15 '13 '11 '09 '07 '05 '03 '01 '99 '97

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