Portland-Lewiston-South Portland, ME holds $24.0 billion in deposits across 23 insured institutions and 207 branches, ranking #77 of 293 U.S. markets by economic output. TD Bank is the largest deposit holder at 15.2% share. The top three institutions hold 37.0% of deposits, which places the market in the fragmented band. Deposits have grown 20% since 2020 while the branch count fell by 6.
Deposit trend
Branches: 213 in 2020 to 207 in 2025. Institutions: 22 to 23. Top-three share: 40.9% to 37.0%. Deposits per branch: $116M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| TD Bank | 3.7B | 15.2% | +15% |
| Northeast Bank | 3.0B | 12.4% | +250% |
| Maine Community Bank | 2.3B | 9.4% | +181% |
| Bank of America | 2.2B | 9.2% | -20% |
| KeyBank | 2.0B | 8.5% | -10% |
| Bangor Savings Bank | 1.4B | 5.8% | +18% |
| Kennebunk Savings Bank | 1.3B | 5.6% | +18% |
| The Camden National Bank | 1.3B | 5.3% | +8% |
| Androscoggin Savings Bank | 1.2B | 4.9% | +29% |
| Norway Savings Bank | 1.0B | 4.3% | +15% |
The 10 largest of 23 insured institutions with a branch presence, as of June 30, 2025. Five-year change compares the same institution's deposits in 2020 and 2025; an acquirer absorbs the balances of banks it bought.
Counties in this market
| County | State | GDP | Population | Share of GDP |
|---|---|---|---|---|
| Cumberland County | Maine | $27,597M | 317,222 | 59.8% |
| York County | Maine | $10,538M | 222,434 | 22.8% |
| Androscoggin County | Maine | $5,507M | 116,487 | 11.9% |
| Sagadahoc County | Maine | $2,542M | 37,979 | 5.5% |
Recruiting in Portland
No single institution dominates deposits here, which usually means more competitors of a size where a strong team can move meaningful share. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like this one, on a retained basis.
Start a confidential conversation