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Sponsored by: Gorham Savings Bank
Updated: March 4, 2024 2024 Innovation Hub

Gorham Savings Bank

Celebrating and supporting Maine’s entrepreneurial spirit

File photo
Steve deCastro, president and CEO of Gorham Savings Bank

Right now, small businesses employ one in two Mainers. From job creation to sector growth to innovation, it’s almost impossible to overstate the importance of small businesses in Maine. That’s as true today as it was when Gorham Savings Bank was founded back in 1868. From our earliest days, we’ve always known that the health of Maine’s small business community defines the health of all Maine communities. 

In the past 155 years, our commitment to Maine’s small businesses has never wavered. In 2022 alone, we provided more than $32 million in small business loans and earned the U.S. Small Business Administration’s prestigious District Directors Award. In its first 10 years, our small business competition LaunchPad, awarded Maine small businesses more than $500,000 in no-strings-attached grants. Every small business loan we write, and every LaunchPad grant we award, is a part of how we’re helping Maine small businesses take that next, crucial step towards growth.

The health of all Maine communities depends on the health of our small business community.

We strive to be a force for good in the lives of everyone we touch. That’s always been our purpose. Whatever changes lie ahead, our commitment to small businesses will not be one of them. Thank you for letting Gorham Savings Bank be part of your incredible journey. We look forward to a future marked by partnership, growth, and our unwavering support for the most Maine thing of all: your entrepreneurial spirit.

— Steve deCastro, President and CEO of Gorham Savings Bank

— The GSB Business Banking Team

Discover Bookclubs, GSB’s 2023 LaunchPad winner

Bookclubs earned our $50,000 LaunchPad grant with Amply Energy taking home our $20,000 Emerging Business Award. Learn more about these great Maine businesses — and all of our 2023 finalists — at GorhamSavings.Bank/LaunchPad