Mascoma Bank announces strategic collaboration with Androscoggin Bank
Mascoma Bank has announced plans to partner with Androscoggin Bank under a multi-bank mutual holding company structure, pending regulatory approval. The partnership brings together two long-standing, values-driven mutual banks with a shared commitment to strengthening community banking across Northern New England.
Androscoggin Bank, a 150-year-old certified Benefit Corporation based in Lewiston, Maine, closely aligns with Mascoma’s mission and community focus. Both institutions will maintain their names, leadership, and local identities, ensuring continuity for customers and teams.
This initiative is not an acquisition, but a strategic collaboration designed to preserve mutual governance while enhancing capabilities and expertise through greater scale. Together, the banks bring over 275 years of combined history and a shared ambition to serve their communities for generations to come.