Merger of Equals

Introducing the
Newly Combined MCB

Two strong, locally focused banks joined together to create the largest mutual savings bank operating exclusively in the state. With the largest branch network spanning Androscoggin, Cumberland, and York counties, we continue to be dedicated to providing highly personalized customer service, local decision-making, convenience, and unparalleled community focus.

About UsFrequently Asked QuestionsMerger Guide

Nearly $3B in Assets | 370+ Employees | 21 Branches

 

For the best experience, please continue banking at your familiar branch at this time.

Legacy GSB Locations Overview MCB Locations Overview

Customer Resource Guide

The customer resource guide for our merger of equals includes helpful information and tips to ensure a smooth transition as we become one bank on January 1, 2025. The guide was mailed to our customers in December and is available at all branch locations.

View Guide
Maine Community Bank and Gorham Savings Bank Branch Locations

Merger Benefits

Shared Values & Culture
The DNA of our organizations is incredibly similar. Our mission, vision and values align seamlessly.

Community Focus
Commitment to community defines our two organizations.

Personalized Service
Friendly, local experience is at the core of everything we do. As one bank, we’ll continue to serve every customer as if they were our only customer.

Local Decisions
Our banks were founded one year apart more than 150 years ago. Since then we’ve been making decisions locally and working hard to be your bank of choice. That will never change.

Latest Merger Updates

Press Release

We are pleased to announce the completion of our merger of equals with Gorham Savings, forming the largest mutual savings bank operating exclusively in Maine. The newly combined Maine Community Bank is ‘All in on Maine’ to enhance financial services and community support across Southern and Central Maine.

Read Here
A CEO Chat Video

Behind the Merger

Jeanne Hulit and Steve deCastro sat down for a behind-the-scenes look into the details of our Merger of Equals.

Watch Here
Mereda Matters Podcast Graphic

MEREDA Matters Podcast

Jeanne Hulit, President & CEO of Maine Community Bank, joined Maine Real Estate & Development Association (MEREDA) on their monthly podcast “MEREDA Matters” where she and Steve deCastro, President & CEO of Gorham Savings Bank, spoke regarding our merger of equals.

Listen Here

Steve deCastro

Chief Executive Officer
Maine Community Bank

Merging Maine Community Bank with Gorham Savings makes sense across the board and marks an exciting new chapter. Our values and mission align very well, underpinning our commitment to meeting the ever-growing needs of our customers, acting as a force for good in the communities we serve, and providing greater opportunities for our employees.