DATE: June 9, 2025
FOR IMMEDIATE RELEASE
Contact: Jim Roche
jroche@mainebankers.com
(207) 791-8401
Maine Banks Give!
Recent survey shows Maine banks’ impact on their communities
A recent survey by the Maine Bankers Association reveals the significant impact banks have on their communities in the Pine Tree State. From over 125,000 volunteer hours logged by bank employees, to $15.3 million in charitable donations, from $3.6 billion in loans to businesses, to $2.3 billion in residential and commercial real estate loans, banks provide the support and economic fuel that keeps Maine’s economy prosperous.
“Our success as bankers is measured not just in numbers, but in the lives we touch,” said Larry Barker, president & CEO of Machias Savings Bank and chair of the board of the Maine Bankers Association. “By investing in our communities—whether through volunteerism, philanthropy, or partnership—we’re helping build a Maine that’s stronger, more resilient, and full of opportunity. It’s a privilege to be part of an industry that leads with heart and purpose,” he concluded.
Maine’s banking industry employs 9000 working men and women across the state. Twenty-nine (29) retail banks operate 438 offices in nearly every community, assisting Maine citizens and businesses with financial decisions that improve the quality of life for everyone. With assets exceeding $44 billion, the Maine banking industry provides the financial fuel that powers the state’s economy.
Highlights from Maine banks community involvement: https://acrobat.adobe.com/id/urn:aaid:sc:US:e89e954f-9b4f-4bf4-b6ef-c126cb0a76ec
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