The Bank of Maine

The Bank of Maine, originally established as the Gardiner Savings Institution on June 26, 1834, underwent several name and structural changes throughout its history. In 1971, it became known as Gardiner Savings Institution, and in 1986, it further changed its name to Gardiner Savings Institution, Fsb, alongside a shift in its chartering agency to the Office of Thrift Supervision. The bank expanded through acquisitions, including the purchase of Hallowell Savings and Loan Association in 1978 and Augusta Federal Savings Bank in 2001. In 2007, the institution acquired First Citizens Bank and Calais Federal Savings and Loan Association, and subsequently rebranded as Savings Bank of Maine. By 2008, it transitioned to a federal savings bank and changed its organizational type to a stock savings bank. Renaming itself The Bank of Maine in May 2011, the institution also moved its main office to 2 Canal Plaza, Portland, Maine, later that year. In July 2011, it changed its primary federal regulatory agency to the Office of the Comptroller of the Currency. The Bank of Maine continued to expand by acquiring Rivergreen Bank in September 2008. Ultimately, on October 16, 2015, The Bank of Maine merged with Camden National Bank, based in Camden, Maine.

Below is a list of some important events in banks history, including mergers and acquisitions.

1834-06-26Institution established. Original name: Gardiner Savings Institution.

1971-05-19Changed Institution Name to Gardiner Savings Institution.

1978-12-31Acquired Hallowell Savings and Loan Association in Hallowell, ME.

1986-03-01Changed Chartering Agency to Ots.

1986-03-01Changed Institution Name to Gardiner Savings Institution, Fsb.

2001-05-18Acquired Augusta Federal Savings Bank in Augusta, ME.

2007-01-19Acquired First Citizens Bank in Presque Isle, ME.

2007-05-18Acquired Calais Federal Savings and Loan Association in Calais, ME.

2007-09-19Changed Institution Name to Savings Bank of Maine.

2008-08-11Changed Bank Class to Federal Savings Bank.

2008-08-11Changed Organization Type to Stock Savings Bank.

2008-09-20Acquired Rivergreen Bank in Kennebunk, ME.

2011-05-17Changed Institution Name to The Bank of Maine.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2011-10-11Main Office moved to 2 Canal Plaza, Portland, ME 04101.

2015-10-16Merged and became part of The Camden National Bank in Camden, ME.