News & Events

Press Room

Town of Gorham Boosts Local Business with New Capital Expenditure Matching Grant Program

On January 2, 2024, the Gorham Town Council voted unanimously in support of grant funding awarded to local businesses as part of a new Capital Expenditure Matching Grant program. Eight local businesses were awarded a total of $45,000 in matching grant funds as part of a competitive application process. In support of the program, Gorham...

Community

Believing in Conservation | PRLT Matching Challenge

Gorham Saving Bank is proud to announce its contribution to The East Windham Conservation Project of up to $50,000. This project will create the largest wildlife habitat and trail access corridor in Greater Portland, providing 2,000 acres of conserved land and a 30-mile trail network. The Presumpscot Regional Land Trust (PRLT) had the rare opportunity...

General

Register for the AHA’s 2022 Maine Heart Walk

The American Heart Association’s 2022 Maine Heart Walk will be held on Sunday, May 15 at 9:00am at Portland’s Baxter Boulevard. GSB President and CEO, Steve deCastro, is serving as this year’s volunteer Walk Chair. Steve and his committee have set a fundraising goal of $450,000 through corporate donations and walk teams. “Heart health is...

Press Room

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...

Press Room

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...

Community

Gorham Savings Bank A Founding Partner Of United Way’s Racial Equity Fund

Gorham Savings Bank is honored to be a founding partner of United Way of Greater Portland’s Racial Equity Fund. This new initiative supports the work of local nonprofits led by and serving people of color in our community, all while advancing the work at the heart of United Way’s community-developed Thrive2027 initiative. In addition to...

Press Room

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...

Community

A Letter From Our President & CEO: Believing in Community

We’ve seen it before in Maine, across the country and around the world—tragedy strikes and people instinctively, unselfishly and immediately pull together to help right their community. This year is no exception and I believe we will be seeing it more and more for the duration of this COVID-19 emergency. We’ve all been dealt a...

General

LaunchPad 2020 Is Canceled

We have been monitoring developments along with guidance provided by the Center for Disease Control (CDC) regarding COVID-19. Further, we are exercising an abundance of caution as we implement steps to help ensure the health and safety of our customers, employees, and communities. As such, we regret to inform you that we have made the...

What's New

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...

Community

GSB Maine Marathon Delivers an Early Holiday Gift to Local Non-Profits

Maine Marathon’s Record-Breaking Event Boosts Charitable Giving Two Maine non-profits are on the receiving end of additional unexpected revenue generated by the Gorham Savings Bank Maine Marathon held in the Fall. The October 6th event shattered records, raising more than $120,000 for over 40 Maine charities. “Event revenue came in higher than projections to the...

General

Casco Bay Creamery Wins GSB’s $50,000 LaunchPad Grant

Casco Bay Creamery of Scarborough, who provides creamy, delicious butter and cream cheese to customers who want to make breaking bread a joyful occasion took the top prize at Gorham Savings Bank’s LaunchPad competition and its corresponding $50,000 cash prize. The company was chosen from among five finalists who pitched their small business concepts Tuesday night to...

Press Room

GSB Maine Marathon Selects Five Maine Nonprofits As 2019 Beneficiaries

Over $100,000 will be donated to local nonprofits again this year Bob Dunfey, the volunteer race director for The Maine Marathon and Steve deCastro, president and CEO of Gorham Savings Bank, title sponsor since 2010, announced today that Eastern Trail Alliance, Rippleffect, Girls on the Run, WinterKids and Portland Community Squash are the five primary...

Press Room

The Application for LaunchPad is Now Open

Local entrepreneur Ford Reiche joins as an event judge in this year’s business competition Gorham Savings Bank is now accepting applications for its seventh annual LaunchPad small business competition. In the competition, the premier event of its type in Maine, promising small businesses will compete for a $50,000 grant from the bank. The application opens today...

Community

3 Simple Ways to Start Saving Today

If you lost your job today, how long would you be able to cover expenses without taking on debt? If you answered, “not long,” it’s time to start saving for the unexpected. Most people start saving to cover at least three months of living expenses. If this doesn’t seem attainable to you, don’t worry. It’s...

Press Room

Wish Tree Program – November Wishes Granted

79 Maine families and individuals were recipients of community member wishes totaling $150,000. The initiative, called the GSB Wish Tree, was conceived and implemented as a way to give back to the community as the bank marks its 150th anniversary. The bank received an overwhelming number of wishes, bringing to light the many challenges Mainers...

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Wish Tree Program – September & October Wishes Granted

Gorham Savings Bank granted 14 wishes in September and October totaling nearly $20,000 as part of its 150th anniversary Wish Tree program. With a goal of granting $150,000 worth of wishes in 150 days, the latest wishes granted included lumber for an elderly Standish woman whose neighbor wanted to build her a porch, eye exam...

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Wish Tree Program – July & August Wishes Granted

Gorham Savings Bank granted 20 wishes in July and August totaling $20,000 as part of its 150th anniversary Wish Tree program. With a goal of granting $150,000 worth of wishes in 150 days, the first and second round of wishes fulfilled included snow plow service this winter for a working single mother in Waterboro, plane...

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GSB to Celebrate 150 Years by Granting $150,000 Worth of Wishes over 150 days

Gorham Savings Bank, in celebration of its 150th anniversary, announced it will grant up to $150,000 of wishes over 150 days as part of a community giving program called Wish Tree.   Putting their own spin on the age-old tradition, the Bank placed a Wish Tree in each of their branches and is inviting customers...

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Community bank works to help Maine entrepreneurs be more financially confident

15 small businesses including North Spore Mushroom Company, Two Fat Cats Bakery and Tito Masonry & Construction recently participated in a new five-part workshop series created to help Southern Maine entrepreneurs better understand their businesses’ financials. The program, called Forward with Funding, was created by Gorham Savings Bank along with seasoned business coaches Michelle Neujahr...

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Gorham Savings Bank Announces Finalists for $50,000 LaunchPad Grant

Gorham Savings Bank, a leading Southern Maine financial services institution, has selected five Maine businesses as the finalists of its annual LaunchPad small business competition. From an applicant pool of over 180 businesses, American Roots, Bangs Island Mussels, Blue Ox Malthouse, North Spore, and Wallace James Clothing Co. rose to the top and will move...

Press Room

$50,000 LaunchPad Competition Enters its Sixth Year

The 2018 application period for Gorham Savings Bank’s LaunchPad competition opens March 15. Gorham Savings Bank will begin accepting applications for its sixth annual LaunchPad small business competition on March 15. In the competition, the premier event of its type in Maine, promising small businesses compete for a $50,000 grant prize from the Bank.  ...

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GSB Presents Emerging Idea Winner with $10,000 Grant

Thomaston company utilizes a natural resource native to Maine American Unagi, a company that harvests Maine glass eels, or elvers, and raises them to market size, was presented with a check for $10,000 on Monday by Gorham Savings Bank CEO Chris Emmons. The $10,000 grant and $10,000 worth of in-kind marketing and PR services was...

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Gorham Savings Bank Announces Winner of $50,000 LaunchPad Grant

Good To-Go, a Kittery, Maine-based healthy meal delivery service, has won the 2017 Gorham Savings Bank LaunchPad competition and its corresponding $50,000 cash prize. The company was chosen from among five finalists who pitched their small business concepts Tuesday night to a panel of independent judges in a packed USM Hannaford Hall. Good To-Go is...

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UMaine, GSB Announce Portland Football Partnership

The University of Maine athletics department and Learfield today announced a partnership with Gorham Savings Bank to bring UMaine football back to Portland, Maine for the first time since 2005. The first game of the partnership will be UMaine’s annual Jeff Cole Memorial spring scrimmage, held at Fitzpatrick Stadium on Saturday, May 6 at 4...

Press Room

GSB’s LaunchPad Enters Its Fifth Year

THE APPLICATION PERIOD FOR GSB’S LAUNCHPAD COMPETITION OPENS MARCH 15 Gorham Savings Bank is now accepting applications for its fifth annual LaunchPad business competition. In the competition, the premier Maine event of its type, promising early-stage small businesses will compete for a $50,000 grant prize from the Bank. The entry period opens on Wednesday, March...

Press Room

Education Is the Greatest Investment

Gorham Savings Bank Expands Financial Literacy Program for Maine High Schools “Raise your hand if you want to become a financial expert over the next year?” Gorham Savings Bank CEO, Chris Emmons, asked Gorham High School Juniors and Seniors at an assembly kicking off the Gorham Savings Bank Financial Scholars Program.   The Gorham Savings...

Community

The Power of a Community

Gorham Savings Bank Fulfills “Winter Wishes” for Local Children Every year the Boys & Girls Clubs of Southern Maine depends on the kindness and dedication of the greater Portland community to ensure children of all ages have a gift to unwrap at its annual holiday parties.   Through a program created by Gorham Savings Bank...

Community

Going the Extra Mile

The Gorham Savings Bank Maine Marathon Gives Back to Local Children’s Charities In front of a crowd of volunteers, runners, friends and sponsors, including several representatives from title sponsor Gorham Savings Bank, organizers of the 2016 Maine Marathon celebrated the nonprofit beneficiaries of their 25th annual race.   At the ceremony, Grahamtastic Connection and the...