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


  • 7,321Employees

  • $666.2 MTotal Annual Compensation & Benefits

  • $90,992Average Total Compensation & Benefits

  • 23Banks Headquartered in State

Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis



  • $3.6 BNew Home Loans Booked in 2022

  • 11,455Number of New Home Loans in 2022

  • $285,000Median New Home Loan Size in 2022

  • $2.9 BSmall Business Loans

  • 101.1 KNumber of Small Business Loans

  • $28,582Average Small Business Loan

  • $191.4 MSmall Farm Loans

  • 4,555Number of Small Farm Loans

  • $42,024Average 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 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis



  • $42.8 BDeposits

  • 29Banks Operating Branches

  • 446Branches & Offices

  • 271Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis

Submit your bank's story

Submit your story