Maine Community Bank: Merging with Gorham Savings Bank to Form Largest Mutual Savings Bank in Maine

Goodwin's financial services team played a pivotal role in advising Maine Community Bank on its comprehensive merger of equals with Gorham Savings Bank. This strategic alignment has resulted in the formation of the largest mutual savings bank operating solely in Maine, boasting nearly $3 billion in combined assets and a network of 21 branches across Androscoggin, Cumberland, and York counties. This merger represents a significant advancement in community banking within the state, enabling the new entity, Maine Community Bank, to deliver enhanced financial services and reaffirm its dedication to serving the communities in southern and central Maine. The combined bank continues its strong focus on local community support, contributing volunteer hours and financial aid to stimulate local economic growth and entrepreneurship. Goodwin's leadership team comprised key legal professionals including Samantha Kirby, Alex Callen, and others, ensuring a seamless completion of the merger.