Gorham Savings Bank
FDIC #17748
📍 Gorham, Maine
Gorham Savings Bank is a commercial bank (si) established in 01/01/1868. With assets of $1.64 Billion, it operates 0 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: November 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
November 1, 2023
Satisfactory
July 1, 2020
Satisfactory
September 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$1.64 Billion
Total Deposits$1.38 Billion
Equity Capital$102.16 Million
Net Income$3.15 Million
📈 Performance
ROA0.26%
ROE3.92%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1868
FDIC Cert17748
Holding CoGorham Bcorp Mhc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 4:00 PM
Tuesday8:30 AM - 4:00 PM
Wednesday8:30 AM - 4:00 PM
Thursday8:30 AM - 4:00 PM
Friday8:30 AM - 5:00 PM
Saturday8:30 AM - 12:00 PM
SundayClosed
📜 Institutional History
2006
Relocation
Moved HQ to: 64 Main Street, Gorham, ME 04038.
2004
Relocation
Moved HQ to: 10 Wentworth Drive, Gorham, ME 04038.