America's Banks
Jump to Content

Maine: Banks’ Economic Impact

Banks support Maine's economy with consumer, business and other loans, and by providing more than 7,000 people with a rewarding place to work.

Find State-by-State Data #
Maine map icon
Jobs

Jobs

  • 7,381Employees

  • $729.2 MTotal Annual Compensation & Benefits

  • $98,791Average Total Compensation & Benefits

  • 23Banks Headquartered in State

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $2.9 BNew Home Loans Booked in 2023

  • 8,864Number of New Home Loans in 2023

  • $295,000Median New Home Loan Size in 2023

  • $3.1 BSmall Business Loans

  • 95 KNumber of Small Business Loans

  • $32,199Average Small Business Loan

  • $194.1 MSmall Farm Loans

  • 4,561Number of Small Farm Loans

  • $42,563Average Small Farm Loan

New Jobs, Expanded Business

Norway Savings Bank in Maine stepped in to help in a big way for the expanding Cape Veterinary Clinic. “Norway Savings was very helpful in helping us understand what our vision would be, ” said the clinic’s co-owner.

Source: FFIEC HMDA 2023, FFIEC CRA 2023, FDIC Call Report 2023Q4, ABA analysis

Customers

Customers

  • $42.8 BDeposits

  • 29Banks Operating Branches

  • 438Branches & Offices

  • 268Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

Submit your bank's story

Submit your story