Merger will join banking parents, keeping banks themselves separate.

Authors

• Peter Van Allen

Source

Mainebiz

Date

5-18-2026

Pages

16

Abstract

Lewiston-based Androscoggin Bank and New Hampshire-based Mascoma Bank, which has a Portland office, announced plans on May 11 to combine their patent companies. 
The result will be a single mutual holding company, to be called ClearNorth Financial Mutual Holding Co. 

Androscoggin Bank, founded in 1870, is a $1.8 billion community bank and Certified B Corp, with 10 branches across Maine.

Recommended Citation

Van Allen, Peter, "Merger will join banking parents, keeping banks themselves separate." (2026). Maine News Index – MaineBiz. 8452.
https://digitalcommons.portlandlibrary.com/news_mainebiz/8452