GSB News - 05.27.15

Announcing 5 Finalists in $30,000 LaunchPad Competition

We are pleased to announce the five finalists who will compete in the third annual LaunchPad event to be held on June 18th. LaunchPad will award $30,000 to the finalist who demonstrates a business plan with the greatest potential to benefit the Maine economy; such as added jobs, new products or services, enhanced exports, or cost-saving efficiencies. 

Nearly 100 entrepreneurs submitted LaunchPad applications which were reviewed by an independent panel of judges and narrowed to ten semifinalists. More than 6,000 votes were cast by the public on the Bank’s website. Through a combination of community and panel votes, the following five finalists emerged:

Beach Glass Transitions | Lynn Peel, Nova Ewers
A Senior Care Advising company based in South Portland, providing personalized transition assistance to families and their aging loved ones.

Casco Bay Butter | Alicia Menard, Jennell Carter, Andrew Menard, Sue Konkel
A Scarborough-based business that makes all natural and organic flavored butter sourced from local farmers.

Flowfold | Devin McNeill, Charley Friedman
Designs, produces and sells wallets, totes, and other everyday carry gear that are made in Maine from some of world’s strongest material.

Saco River Dyehouse | Claudia, Ken Raessler
A manufacturing operation supporting the production needs of textile designers, yarn manufacturers and businesses selling into the artisan/craft markets.

St. Germain Collins | Patrick Coughlin, Heather Seymour, Maura Ryan
A Westbrook-based consulting firm that developed SentryEHS, an innovative web-based tool used by businesses to protect the environment and safeguard workers, all while lowering overhead costs.

Gorham Savings Bank’s LaunchPad Competition will take place at University of Southern Maine’s Abromson Center in Portland on June 18th at 5:30 pm. The event is open to the public and free registration to attend is available at

Each finalist will have up to seven minutes to present their business plan to a panel of judges, including Chris Claudio, CEO of Winxnet; Michelle Neujahr, Entrepreneurial Center Director of SMCC; and Melissa Smith, President & CEO of WEX. The event will be emceed by Don Gooding, Executive Director of the Maine Center for Entrepreneurial Development.  

The mission of LaunchPad is to award $30,000 to help fund the growth of a Maine business and help mitigate one of the biggest barriers for entrepreneurs – the lack of funding. LaunchPad not only celebrates great ideas, it provides the resources to help bring these ideas to life. Visit for more information.

GSB News - 04.22.15

“Saves for Charity” – A special evening at the Portland Pirates

This season, Gorham Savings Bank teamed up with the Portland Pirates for the inaugural Saves for Charity initiative. For each save made by Pirates goaltenders at home this season, Gorham Savings Bank made a $10 donation to the Barbara Bush Children’s Hospital.

At the final regular season home game this past weekend, GSB’s Chief Banking Officer, Eric Andrews, and Marketing AVP Katie Bellerose, along with Pirates Goalie Mike McKenna presented a check for $10,250 to the Children’s Hospital – who was represented by Matt Parks, Director of Development, Annual and Special Giving, and one of the many beneficiaries at the hospital, Collin and his father Derek.

Collin and his family are huge Pirates fans, but due to Collin’s illness, they had not had the chance to attend a game all season. The Pirates generously donated tickets so they could join us for the game, which also happened to be Fan Appreciation Night! But that’s not all. Collin also was given the opportunity to sit in the penalty box during warm-ups! MMC’s Matt Parks ordered a jersey with Collin’s name stitched on the back, then the Pirates took it a step further and had the whole team autograph it! And just when you thought it couldn’t get any better than this, Matt arranged for a limo ride for the family to and from the game – which was generously donated by L/A Luxury Limousine!

The Bank selected the Barbara Bush Children’s Hospital as the beneficiary of the Saves For Charity program because children like Collin deserve to have the best care available, and his parents deserve the peace of mind knowing their son is in caring hands. The Bank has enjoyed a long relationship with the Barbara Bush Children’s Hospital – whether it’s supporting special programs like Saves for Charity, volunteering at the hospital or the upcoming Color Run, or participating in a variety of fundraising events.

This donation wouldn’t have been so impactful without the amazing skills of Pirates Goalies Mike McKenna, David Leggio, Louis Domingue, Mike Lee, and Peter Mannino who “assisted” with the Saves For Charity initiative in 2014-2015. The Bank is thrilled to form this unique partnership with the Portland Pirates and to provide this combined support to our community!

MMC’s Matt Parks arranged for Collin’s own Pirates jersey, complete with team signatures!

Awaiting our on-ice presentation – with GSB’s Eric Andrews, MMC’s Matt Parks, and Collin and his father.




Cover photo credit: Michael McSweeney/Portland Pirates



GSB News - 04.22.15

Public voting now open for LaunchPad competition

A panel of independent judges recently selected ten Maine businesses from a pool of 88 applicants to vie for a $30,000 cash award in Gorham Savings Bank’s third annual LaunchPad business plan competition. The community is now being asked to vote for the entrepreneur they believe will best utilize the funds to help grow their business.

The public is encouraged to visit from now through May 15 to view each business summary – describing the product or service, and how they would use the $30,000 award – and then vote for the semifinalist of their choice. The top five finalists will pitch their idea at the live LaunchPad event on June 18 at 5:30 pm at the University of Southern Maine’s Hannaford Hall.

Gorham Savings Bank designed and sponsored the inaugural LaunchPad program in 2013 as a competition open to existing Maine businesses or promising new startups that can demonstrate a solid business plan and compelling need and use for the funds.

Bixby & Co., an organic chocolate bar maker based in Rockland, won last year’s LaunchPad award after delivering a compelling pitch to the panel of judges – citing their need for funds to purchase equipment to scale up production to meet an immediate demand for orders allowing them to expand into the national market.

The inaugural Launchpad competition in 2013 was won by Pika Energy, a Gorham-based company that manufactures residential wind turbines – using the funds to move the business from a founder’s basement to a commercial space.

The final pitch event is free and open to the public – registration is now open on the LaunchPad website. A panel of judges will select the winning company, who will walk away that evening with the $30,000 award.


  • Craig Denekas, president and CEO of the Libra Foundation
  • Michelle Neujahr, entrepreneurial center director at Southern Maine Community College
  • Melissa Smith, President & CEO of WEX


Beach Glass Transitions, South Portland – Provides personalized assistance to families, individuals, and employers to navigate senior care choices.

Biovation, Boothbay, returning semifinalist from 2014 – Designs and manufactures a portable, lightweight product that dries a pair of wet boots within 6-8 hours.

Casco Bay Butter, Scarborough – Makes all natural and organic flavored butters using cream from local farmers.

Close Buy Catalog, Portland – a school fundraising catalog featuring locally made, healthy, delicious, beautiful and useful products that people feel good about buying.

DemerBox, Portland – designs and manufactures rugged, great-sounding, Bluetooth boom boxes out of Pelican Brand cases.

Flowfold, Peaks Island, returning finalist from 2014 – produces everyday carry gear that allows adventurers to carry their belongings with confidence.

Green Bee Soda, Brunswick, returning finalist from 2013 – offers a healthier alternative to traditional soda, handcrafted from local honey and whole ingredients.

Portland Pudgy, Portland – an unsinkable dinghy that’s also a fun little sailboat and a dynamic lifeboat you can sail to safety.

Saco River Dyehouse, Biddeford, returning finalist from 2013 – dyes and finishes yarns and fibers creating local jobs and beauty worldwide.

Sentry EHS, Westbrook – an innovative web-based tool used by businesses to protect the environment and safeguard workers, all while lowering overhead costs.

Tips & Alerts - 03.16.15

Tax Season and Cybercriminals

Cybercriminals are always looking for ways to extort your money and tax season is no exception. These scammers use high pressure tactics in hopes that you will respond – a voicemail message left on your home phone claiming that the IRS is filing a law suit unless you call a number in Washington D.C., or a phony IRS phishing email.

Don’t be a victim of fraud – do not call the number, and delete those emails. Remember to never give out personal information to anyone unless you have initiated the contact.

If you notice anything suspicious with your Gorham Savings Bank account, please do not hesitate to call the Customer Service Center at 207-839-4796 as soon as possible.


GSB News - 02.03.15

Congratulations Gorham’s Greatest 2014


Employees, Karen Gaudette and Lily Hanstein were recently presented with the 2014 Gorham’s Greatest Customer Service Award. This prestigious award is given annually to two individuals who are role models of the Bank’s Tenets of Customer Service. The peer-nominated candidates were carefully reviewed by a selection committee giving special focus to their commitment to internal and external customer service.

Karen Gaudette, a veteran employee for over 25 years, is the Data and Item Processing Officer at the Bank’s Operations Center in Gorham. She was recognized for her dedication to go above and beyond to support not only her co-workers within her immediate department but bank-wide as well. She is also very active in the community, participating in a number of road races to raise funds for various organizations.

Lily Hanstein is a Branch Specialist at the Bank’s Commercial Street location. She began her career at Gorham Savings Bank in 2011. Over the years, Lily has proven to be a true advocate for her customers, consistently going above and beyond to assist them. Lily has also played a key role in the Bank’s Winter Wishes Program, which collects toys for the Boys and Girls Clubs of Southern Maine around the holidays.

Congratulations Karen and Lily!

GSB News - 01.15.15

LaunchPad Business Competition is Underway!

Win $30,000 for your businessGorham Savings Bank is giving away $30,000 to help fund the growth of a Maine business! One of the biggest barriers for entrepreneurs can be the lack of funding. LaunchPad not only celebrates great ideas but provides the resources to help bring these ideas to life.

Maine business owners, creators, inventors, and entrepreneurs can compete for $30,000 by submitting a viable business proposal via our website,, beginning January 15th. An independent panel of judges will review all applications and select a group of semifinalists. Through a combination of community and panel votes, 5 finalists will be selected. These 5 finalists will pitch their idea at the live LaunchPad Competition on June 18th, where $30,000 will be awarded to the winner!

January 15, 2015 – March 1, 2015

Entry form, official rules, and information about the contest are available at

Legally registered Maine based business, or legal residents of Maine, age 18 or older can apply. Past LaunchPad applicants and finalists are welcome to re-apply.

Entry Period: January 15 – March 1
Notification of Semifinalists: by April 10
Public Voting Period: April 20 – May 15
Notification of Finalists: by May 20
Live Competition at USM’s Abromson Center in Portland: June 18

Please email if you have any questions about this contest.

Community News, GSB News - 12.19.14

Winter Wishes A Huge Success

This week, Boys & Girls Clubs of Southern Maine will host their annual holiday parties and by the kindness of their community, hundreds of Club members, young and old, will have a holiday gift to unwrap.  The Winter Wishes program through Gorham Savings Bank was able to collect 230 presents for Clubhouses in Sagamore Village, Riverton Park, and downtown Portland - just in time for the holidays. Each Clubhouse submitted a wish-list of toys that members asked for and in a few short weeks, the community responded with incredible generosity. The result was a mountain of presents sitting in the lobby of Gorham Savings Bank’s Long Wharf location.

Throughout the Winter Wishes three-week campaign, GSB customers who entered the branches in Portland and South Portland were greeted by hanging snowflakes with toy requests, such as a basketball for an eight year old boy or a stuffed animal for a five year old girl. One by one, customers plucked the wishes from dozens of choices, and the new toys started piling up.

Started six years ago, Winter Wishes granted more gifts this season than ever before, and it was achieved by the same Gorham Savings Bank customers and employees that have come to the rescue each year. More wishes were filled this season and more cash donations were received, cementing the success just in time for everything to be wrapped for the Boys & Girls Club members in Portland.

Families do not always have the means to celebrate the holidays in ways that many of us take for granted. “Winter Wishes ensures that community youth, especially those who need Boys & Girls Clubs the most, are remembered during the holiday season by providing hundreds of deserving members with a special holiday gift.” said Bob Clark, Chief Executive Officer of Boys & Girls Clubs of Southern Maine. “We’re exceptionally grateful to Gorham Savings Bank for their generosity over the years.”

What’s more than a gift for each child is our collective message that we have their backs. The community gave Boys & Girls Club members some excitement, happiness and more importantly, inclusion into the holiday season.  It is absolutely what this time of year is all about.

GSB News - 12.12.14

GSB Promotes Several Employees

Gorham Savings Bank is pleased to announce the promotion of Susan Laliberte, Julie Viola, Jane Cirone, Katherine Damon, Lisa Thomas, Lisa Hughes and Jessica Burbank.

Susan Laliberte Vice President, Retail Loan Processing and Underwriting Manager.  Laliberte has 30 years of experience in residential lending and will be responsible for the day to day operations of the loan processing and underwriting departments. She is a graduate of the Center for Financial Studies at Babson College and earned a B.S. from University of Maine.

Julie Viola Vice President, Business Banking Manager, previously Vice President, Business Banking Portfolio Loan Officer has been in commercial banking for more than 13 years. Viola earned a MBA at Thomas College and a B.S. in management from Bentley University.

Jane Cirone Vice President, Finance and Accounting Manager. Cirone joined Gorham Savings Bank in 1996 and has served in many roles including Commercial Loan Credit Analyst and Senior Financial Analyst. She earned a MBA from Husson University and a B.S. in business from Saint Joseph’s College. Cirone is the current chair of the Standish Budget Committee.

Katherine Damon Vice President, Regional Senior Business Officer, previously Vice President, Mortgage Loan Officer has been in banking for more than 17 years. In her new role, Damon will focus her efforts on business development in the Windham and Falmouth regions.

Lisa Thomas Assistant Vice President, Employee Development Officer. Thomas came to Gorham Savings Bank in 1992 and has previously held a number of positions including Assistant Branch Manager and Training Officer. She is certified in training and development from the University of Southern Maine.

Lisa Hughes assistant vice president, senior business officer. Hughes joined Gorham Savings Bank in 2001 and has been in banking for 18 years, most recently as Business Banking Analyst. In her new role, she will be responsible for business development in the Gorham, Standish and Waterboro regions. Hughes is a graduate of Husson University.

Jessica Burbank Assistant Vice President, Regional Banking Center Manager. Burbank has been in banking for more than 13 years, the last 11 with Gorham Savings Bank. She will manage the day to day operations of the Bank’s three locations in Windham and Falmouth.

Tips & Alerts - 11.25.14

Keeping a watchful eye during the holidays

You decided to brave the Black Friday crowds. You’ve been waiting in line at for hours to purchase a must have video game for your son, finally make it to the checkout counter, swipe your card, and the transaction is declined. GASP! What!? I don’t understand. A phone call to your card issuer reveals that your information has been stolen, and your account has been maxed out. You recall a strange phone conversation the week before with someone claiming to be from your bank. You were asked to confirm your SSN and your account number. And you did. Because it was your “bank”, and you trusted them…

We hear stories like this all too often. And we can’t stress enough the importance of NEVER providing full account information or your full SSN over the phone. Never. Ever.


What may help you rest a little easier…

At Gorham Savings Bank, we use a third party fraud monitoring service that watches activity on your card(s) 24/7. Representatives may try to contact you to confirm transactions, so it’s important to make sure we have your current phone number(s) on file.

Some calls from the fraud monitoring service are automated and will ask you to provide information to verify your identity, but they will NEVER ask you to provide your full card number, full account number or full SSN. 



If you are planning on travelling over the holidays, it’s a good idea to let the bank know.  Although this will make it less likely that a transaction from outside your local area will be inadvertently blocked, it’s always a good idea to have a second form of payment available, if possible.


What you can do to help avoid stories like the one above?

While the fraud monitoring system does a great job of detecting possible fraud, we recommend that you monitor your account activity as often as possible, using tools like Online Banking,  Mobile Banking and account alerts. You should also notify us as soon as possible if fraudulent activity is detected by calling (207) 839-4796.

If your card is lost or stolen, or if you detect fraud after hours, you can close your card by calling the following numbers:

ATM/Debit Cards 1-800-500-1044

Credit Cards 1-800-883-0131


Community News - 11.20.14

Maine Marathon Donates More Than $50K to Robbie Foundation

Gorham Savings Bank was host to the Maine Marathon check presentation on November 6th. That evening a check of more than $50,000 was given to members of the Robbie Foundation.

The Robbie Foundation is a non-profit organization bridging the gap for children with developmental disabilities by funding adaptive equipment, assistive technology and therapy treatment not covered by insurance. By providing such services, they hope to improve the quality of life for children with special needs..

The Maine Marathon, Half Marathon and Marathon Relay took place this year on October 5th and raised over $100,000. In addition to the Robbie Foundation, checks were also presented to: Dream Factory of Maine, Camp Susan Curtis, Camp to Belong, and Strive.

Gorham Savings Bank is thrilled to be the title sponsor of the Maine Marathon, a race organized by an amazingly dedicated group of volunteers. Since 1997, the Maine Marathon and its participants have raised more than $3,000,000 for charity.

To find out how you can get involved, visit