News & Events

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Gorham Savings Bank Maine Marathon Delivers Early Holiday Gift to Educate Maine

The Gorham Savings Bank Maine Marathon, Half Marathon, and Relay exceeded expectations by raising a record-breaking $506,000. The unexpected additional revenue allowed race organizers to brighten the holiday season for Educate Maine with a gift of $15,000. “Once again, thanks to the generosity of our running community, event revenue came in higher than projected,” said Bob Dunfey, volunteer...

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New Logo Reflects Brand Values and Signifies a New Day at GSB

Gorham Savings Bank unveiled its new logo today with signage on its Main Street, Gorham and Marginal Way, Portland office building. The new mark will be rolled out across the Bank’s additional ten branches and remaining office locations, and begin appearing on other branded materials, over the next several weeks. The logo was the culmination of...

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Gorham Savings Adds Commercial Banker

Gorham Savings Bank, a leading southern Maine financial services institution, has hired Matt White as vice president, commercial banker. White joins GSB with over a decade of commercial banking experience at large regional banks, most recently KeyBank, where he excelled in commercial credit and relationship management. “Matt is a great addition to our growing business...

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Solar Array Dedicated to Dan Hunter in Ribbon-Cutting Ceremony

Gorham Savings Bank, a leading Southern Maine financial services institution, announced today at a ribbon-cutting ceremony that its 1.1-million-dollar investment in clean technology is now operational. The installation was formally named the Daniel P. Hunter Solar Farm after the bank’s recently retired CFO and COO who spearheaded the project. “We’re carbon neutral,” said Steve deCastro,...

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USM and Gorham Savings Bank Partner for Promise Scholars

Shared from the USM Office of Public Affairs. Jacob Curtis, a first-year undergraduate at the University of Southern Maine, is the first USM Promise Scholar to participate in a paid internship at our pilot placement employer, Gorham Savings Bank. This new initiative seeks to connect underserved students with area businesses aligned with their field of...

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Earth-Friendly Packaging Solution Earns GSB’s $50,000 LaunchPad Grant

Tanbark, a packaging manufacturer that creates custom, sustainable, recyclable, and often compostable molded fiber packaging using Maine trees and Maine labor, was named the 2022 winner of Gorham Savings Bank’s annual LaunchPad small business competition and earned its corresponding $50,000 no-strings-attached LaunchPad Grant. The company was chosen from among five finalists who pitched Tuesday afternoon...

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LaunchPad 2022 Finalists Announced

Gorham Savings Bank has selected finalists for its annual LaunchPad small business competition. From a diverse, statewide applicant pool of innovative small businesses, five rose to the top and will move on to the next round: a live pitch competition taking place on Tuesday, June 7 at 4:30pm at UNE’s Innovation Hall on Stevens Avenue...

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30-Year Banking Veteran Elevated to Chief Risk Officer

Gorham Savings Bank, a leading southern Maine financial services institution, has promoted Julie Brooks to chief risk officer (CRO) effective immediately. Brooks is responsible for the bank’s enterprise risk management program, which consists of compliance, information security, bank secrecy, fraud and audit. With more than 30 years of banking experience, Brooks joined Gorham Savings Bank...

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Julie Viola Named 2021 SBA’s STAR Award Recipient

GSB’s Julie Viola has been named the 2021 SBA STAR Award recipient. This award is given by the Maine District Office to an individual who supports the SBA’s programs and consistently exceeds expectations for their customers. Julie is being recognized for her ongoing hard work with the SBA’s 7(a) Lending Program, CEI, GPCOG, SBDC and...

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GSB’s LaunchPad Celebrates 10-year Anniversary

Gorham Savings Bank will begin accepting applications on March 1 for its 10th annual LaunchPad small business competition – this year as a hybrid in-person and livestreamed pitch event. In the competition, the premier event of its type in Maine, innovative small businesses compete for a $50,000 grant from the bank. “Discovering an innovative and...

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Marathon Contributions, Totaling $60,000, Focus on Underserved Populations

Bob Dunfey, volunteer race director for the Maine Marathon, and Steve deCastro, president and CEO of Gorham Savings Bank, title sponsor since 2010, announced today that Stop Trafficking US, Through These Doors, Wayfinder Schools™, and World of Change are the primary race beneficiaries for 2022. Stop Trafficking US (Portland – $3,000) The organization was established...

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New COO Enhances Expertise in Finance, Strategy, and Operations

Gorham Savings Bank named Dimitri Michaud as its new chief operating officer. He will report to Steve deCastro, the bank’s president and CEO. Michaud brings nearly two decades of experience in business strategy and operations from leadership roles in the public and private sectors. Prior to joining the bank, Michaud was chief operating officer for...

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Gorham Savings Bank promotes New Chief Financial Officer from within

Gorham Savings Bank, a leading southern Maine financial services institution, named Jane Stack as its new chief financial officer effective January 1, 2022. She will report to Steve deCastro, the bank’s president and CEO. Stack was most recently senior vice president, controller, where she oversaw and led the Finance, Accounting, Accounts Payable, and Proof Departments....

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GSB Maine Marathon Awards Camp Susan Curtis Unexpected $20,000

The 2021 Gorham Savings Bank Maine Marathon, Half Marathon, and Relay exceeded expectations by raising a record-breaking $430,000 for nearly 40 area nonprofits. The unexpected, additional revenue allowed race organizers to brighten the holiday season for Camp Susan Curtis with a gift of $20,000. “This funding will give Maine children in need the opportunity to go to camp...

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GSB Hires New Director of Human Resources

Gorham Savings Bank has named Brian Robinson as its new SVP, Director of Human Resources. Robinson was most recently Director of Talent Strategy and Deputy Title IX Coordinator at Bowdoin College. During his tenure, Robinson designed and implemented recruitment and retention programs with a focus on diversity, inclusion, and equity. He oversaw employee performance, conducted...

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GSB Leases Space to Gorham Arts Alliance

Gorham Savings Bank is pleased to announce a unique local partnership with the Gorham Arts Alliance (GAA) to utilize the first floor of its Operations Center in Gorham for their school aged enrichment programs, homeschool and special needs art and dance programs, as well as adult education classes. The Arts Alliance was looking for a...

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Collaboration with ReVision Energy to generate enough clean power for nearly all GSB locations

Gorham Savings Bank, a leading Southern Maine financial services institution, announced today it has broken ground on a 1.1-million-dollar solar array that when complete will offset virtually all of its electricity costs across its 12 branches and several office locations, including its 29,000 square foot Operations Center. The installation will generate 1 million kilowatt-hours (kWh)...

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Veteran Commercial Lender Kim Donnelly promoted to Director of Wealth and Business Services

Gorham Savings Bank, a leading Southern Maine financial services institution, has promoted Kim Donnelly to Executive Vice President, Director of Wealth and Business Services. Donnelly comes to the role with more than 25 years of banking experience working directly with customers. She’s led the Business Banking division since joining GSB in 2011, shepherding its growth...

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Letter to the editor: New child care law an investment in Maine people, economy

This letter originally appeared in The Portland Press Herald. Thank you to Gov. Mills, Senate President Troy Jackson and others, including the editorial board of this paper, for supporting L.D. 1712. Now law, it will help more Maine families access affordable, high-quality child care programs. It is a critical investment in Maine people and Maine’s economy. As your...

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HighByte Named 2021 LaunchPad Winner

The 2021 grand prize went to Portland-based DataOps software company HighByte. GSB gives $70,000 in no-strings attached grants to small businesses. HighByte took the top prize at Gorham Savings Bank’s LaunchPad competition and its corresponding $50,000 grant. The company was chosen among five finalists who pitched Tuesday afternoon to an independent panel of judges as...

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GSB’s 2021 LaunchPad Finalists Announced

From a pool of nearly 150 applicants, five rose to the top and will move on as finalists to the next round of our eighth annual LaunchPad small business competition: a livestream, in-studio pitch competition taking place Tuesday, June 1 at 3:30pm. Five additional businesses have been chosen to submit a 60-second pitch video for...

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Brian O’Coin Joins GSB Commercial Banking Team

We are pleased to announce Brian O’Coin has joined our Commercial Banking team as vice president, commercial loan officer. O’Coin comes to Gorham Savings Bank with more than 16 years of expertise in commercial lending, having worked with customers across Southern Maine and New Hampshire ranging from small, local businesses to regional middle-market companies. Most...

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Letter to the editor: Lack of access to quality early learning economic issue for Maine

This letter originally appeared in The Portland Press Herald. Your recent news article (Jan. 27) and editorial (Jan. 29) on a report titled “Early Childhood Programs’ Scarcity Undermines Maine’s Rural Communities” caught my attention. From a business perspective, the lack of access to quality early learning and child care programs faced by rural children and...

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LaunchPad 2021 Application Opens March 1

Gorham Savings Bank will begin accepting applications on March 1 for its eighth annual LaunchPad small business competition, the premier event of its type in Maine, which will be a livestream event this year. In the competition, promising small businesses will compete for a $50,000 grant from the Bank. “We’re truly excited to bring LaunchPad...

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New program will provide aging Mainers with at-home access to health and wellness services

The Westbrook Housing Authority (WHA) and the University of New England Center for Excellence in Aging & Health (UNE CEAH) have signed a memorandum of understanding to establish a three-year, multi-phase student placement and research partnership serving seniors aging in place in affordable housing, made possible by a $20,000 grant generously provided by Gorham Savings...

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Maine District Office Presents GSB With SBA 504 3rd Party Lender of the Year Award

Gorham Savings Bank was awarded the U.S. Small Business Administration’s 504 3rd Party Lender of the Year in Maine for completing 10 504 loans totaling more than $2.2 million which, when combined with SBA’s portion of the loans, represented almost $4.7 million in financing and more than 60 jobs created or retained. SBA 504 loans...

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Make Change Helps Support Maine’s Minority-Owned Businesses

Gorham Savings Bank announced the launch of an innovative, mission-based checking account and debit card called Make ChangeSM, designed to support Maine’s minority-owned businesses. How Make ChangeSM Works For every qualified purchase a Gorham Savings Bank customer makes using their Make ChangeSM debit card, the Bank will donate $.10 to an earmarked fund. Those funds will...

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Virtual GSB Maine Marathon Raises More Than $250,000

The Marr Foundation raised $212,000 alone, exceeding its goal of $200,000 Despite being run virtually over 2-weeks this year, the 2020 Gorham Savings Bank Maine Marathon, Half Marathon, and Relay, exceeded fundraising expectations, finishing strong with just over $254,000. Nearly 50 percent of race participants made a donation or donated their registration fee to charity – a 40...

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Gorham Savings Bank Maine Marathon Goes Virtual

Due to the ongoing uncertainty surrounding the COVID-19 pandemic, the 2020 Gorham Savings Bank Maine Marathon, Half Marathon, and Relay, originally scheduled for Sunday, October 4, will take place virtually over two weeks. Title sponsor Gorham Savings Bank will cover all virtual race costs incurred so that every virtual entry fee dollar can be donated...

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GSB’s LaunchPad Opens March 1

Kate McAleer (founder, Bixby & Co.), Becky McKinnell (founder, iBec Creative) and Rich Peterson (president, MaineHealth and CEO, Maine Medical Center) will help judge this year’s competition Gorham Savings Bank will begin accepting applications on March 1 for its eighth annual LaunchPad small business competition. In the competition, the premier event of its type in...