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April 21, 2025
Focus on Banking & Finance

Maine banks ‘bank’ on New Hampshire's market opportunities and a similar culture

Laurie Schreiber

A number of Maine-based banks have been expanding into New Hampshire in recent years. The goal is to broaden markets and serve existing New Hampshire customers, while remaining close to the Maine base.

Today's Poll

Should Portland cap the number of hotels allowed?
Poll Description

Sponsored by Kennebunk Savings Bank

As hotel construction continues across Portland — with 10 new projects approved before the city imposed a moratorium on new hotel development — developers argue that new hotels bring jobs, tax revenue and visitors.

In June, the city extended the moratorium by six months.

With a growing number of hotel projects underway or proposed, some ask whether the market is saturated. Activists argue that developers should focus on much-needed housing. 

Meantime, hotel rates routinely exceed $400 a night in Portland, so there's still apparently demand.

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