Savings Bank of Maine

• Private
• US

Dow Jones Description

Originally chartered on June 18, 1834, as a mutual savings institution, Gardiner Savings Institution was officially organized on June 26, 1834. Founder Robert Hallowell Gardiner allowed his office on Water Street to become the bank's first location. In those days, Gardiner was a bustling port where sailboats and steamboats like the "Kennebec," which previously served as the bank's logo, delivered their cargo for distribution to residents and businesses in the central region of the state. The hours that Savings Bank of Maine offices keep today, which include Saturday mornings and 7 days a week at the Randolph branch, are in dramatic contrast to the one hour each week that the bank was open in 1834. Even then the bank provided convenient access for a sizeable geographic area. Account number one, opened the second week, was in the name of Edward A. Fry, a minor seven years of age, subject to the control of Ebenezer Fry of "Vassalborough." Over the first hundred plus years, the bank's growth was modest. In fact, it wasn't until 1956 that the bank opened the doors to a new office building. Fifteen years later, the bank opened its first branch in Wiscasset and, in 1976 added a branch in Richmond. The bank's first merger was with Hallowell Savings and Loan in 1979. ...

President

Number of Employees 174

Contact Information

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