Article about the dynamic growth experienced by Gorham Savings Bank since the im

Sara Bodnar

Source

Mainebiz

Date

7-21-2003

Pages

1, 6

Abstract

Article about the dynamic growth experienced by Gorham Savings Bank since the implementation of a new strategic plan four years ago, when the bank had total assets of $330 million, wrote $9 million in consumer loans and $8 million in commercial loans At that time the bank had ninety-on full-time employees, who staff four branches. For the bank's 2003 fiscal year that ended March 31, Gorham Savings had assets of $505 million, making it the Portland area's largest community bank. Commercial loans have jumped to $79 million, and consumer loans to $54 million. The bank now has 160 employees staffing six branches, with three additional Portland-area branches on the way. Chris Emmons, the new bank's new president, who took over in May, hopes to lead the bank's continued expansion.

Subjects

Banks and banking, Gorham Savings Bank, Emmons, Chris

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