Gorham Savings Bank said it plans to close a small branch in Kennebunk this fall, citing geography and administrative challenges as the primary reasons.

The Kennebunk location opened at 30 Main St. in May 2015 as a loan office and later added retail banking services as a result of customer demand, the bank said in a statement.

However, the bank recently determined that the branch is too far outside Gorham Savings’ primary geographic area to operate, administer and staff satisfactorily, it said.

The office will close Nov. 1 and its two employees will be reassigned to other locations, the bank said. Customers with questions about the closure can call Gorham Savings at 839-4796.

 


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