Gorham Savings Bank

Overview / Commentary
64 Main Street
Gorham, ME 04038

Gorham Savings Bank is headquartered in Gorham and is the 8th largest bank in the state of Maine. It is also the 663rd largest bank in the nation. It was established in 1868 and as of September of 2019, it had grown to 189 employees at 15 locations. Gorham Savings Bank has an A health rating.


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Health Grade Components

FDIC Certificate #17748
Year Established1868
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD7.12%
Annual Interest Income$37.9MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.22B$1.16B
LoansQ3 2019vs Q3 2018$952.7MM$933.1MM
DepositsQ3 2019vs Q3 2018$1.02B$947.1MM
Equity CapitalQ3 2019vs Q3 2018$119.0MM$105.4MM
Loan Loss AllowanceQ3 2019vs Q3 2018$8.4MM$8.0MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$4.9MM$5.2MM
Real Estate OwnedQ3 2019vs Q3 2018$345.00K$200.00K
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Always verify rates and promotions with the bank or credit union. We are not Gorham Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Gorham Savings Bank Savings Account Rates

0.25%$25-Health Savings Account (HSA Checking)
0.20%*$75k*-Grow&Go Savings
OTHER TIERS: 0.05% $25 - $10k | 0.10% $10k - $50k | 0.15% $50k - $75k
0.15%$25-Online Savings
0.10%$25-Statement Savings

Gorham Savings Bank Money Market Rates

1.10%*$250k*-Premier Business Money Market
OTHER TIERS: 0.01% $25 - $10k | 0.10% $10k - $50k | 0.45% $50k - $100k | 1.00% $100k - $250k
0.45%*$100k*-Champion Money Market Checking
OTHER TIERS: 0.05% $25 - $10k | 0.10% $10k - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k
0.15%*$50k*-Money Market Checking
OTHER TIERS: 0.01% $25 - $5k | 0.05% $5k - $10k | 0.10% $10k - $50k
0.15%*$50k*-Tiered Business Money Market
OTHER TIERS: 0.01% $25 - $5k | 0.05% $5k - $10k | 0.10% $10k - $50k

Gorham Savings Bank Checking Account Rates

1.15%*$250k*$5mChampion Checking
OTHER TIERS: 0.05% $25 - $10k | 0.20% $10k+ | 0.45% $50k - $100k | 0.90% $100k - $250k
1.00%$25-IOLTA Checking
1.00%$25-RAHF Checking
0.20%*$1m*-Business Rate Checking
OTHER TIERS: 0.05% $25 - $250k | 0.10% $250k - $500k | 0.15% $500k - $1m
0.20%*$10k*-Make Cents Checking
OTHER TIERS: 0.10% $25 - $10k

Gorham Savings Bank CD Rates

1.35%$500-7 month CD Special
1.00%$500-18 Month CD
1.00%$500-24 Month CD
1.00%$500-36 Month CD
1.00%$500-48 Month CD
1.00%$500-60 Month CD
0.40%$500-12 Month CD
0.20%$500-6 Month CD
0.20%*$75k*-18 Month Hassle Free-Tiered CD
OTHER TIERS: 0.05% $500 - $25k | 0.10% $25k - $75k
0.15%$500-91 Day CD

Gorham Savings Bank IRA Rates

1.35%$500-7 Month IRA Special
1.00%$500-18 Month IRA
1.00%$500-24 Month IRA
1.00%$500-36 Month IRA
1.00%$500-48 Month IRA
1.00%$500-60 Month IRA
0.40%$500-12 Month IRA
0.20%$500-6 Month IRA


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