Following the transition of Gorham Savings Bank to Maine Community Bank, leadership has unveiled a permanent tribute to the community where its legacy began. A newly installed bronze plaque at the historic Gorham branch serves as an enduring symbol of appreciation for the town and the generations of relationships built here. The installation is designed to celebrate the bank’s deep roots while signaling an optimistic future for community banking across Maine.

Gorham Savings Bank was founded in 1868 in the Town of Gorham, Maine. A pillar of the Southern Maine economy for over 150 years, it was founded by local leaders tired of the 12-mile horseback trip to Portland. It was founded as a mutual savings bank, a bank that is owned by its depositors rather than by outside shareholders. The bank successfully navigated the Great Depression and the 2008 housing crisis. By the 2020’s, it grew to 13 branches.

In January of 2025, the equal merger of Gorham Savings Bank and Biddeford’s Maine Community Bank was finalized, creating the largest mutual savings bank operating exclusively in Maine. The combined Maine Community Bank continues the legacy of mutually owned banking.