NBT Bank to Join Scarborough Downs Redevelopment with New Branch

Scarborough, ME (July 15, 2026) – NBT Bank announced today its plans for a new banking location in Scarborough, further strengthening its presence and commitment to the southern Maine market. Earlier this year, NBT marked a milestone with the opening of its first retail branch in Maine, celebrating with a ribbon-cutting ceremony at its new location at 191 Marginal Way in Portland.

“This investment reflects our strong commitment to southern Maine and our continued growth in the region,” said NBT Bank President of Northern New England Mike O’Reilly. “We’re especially excited to be part of the revitalization of Scarborough Downs, a site with a rich history as a community gathering place that is now being reimagined for the future. We look forward to helping contribute to that next chapter and serving the individuals and businesses who will call this new community home.”

The new, approximately 2,000 square-foot office will be located within the Town Center at the Scarborough Downs development. The Scarborough Downs project is designed around a live, work and play environment that attracts talent and supports long-term growth. The new branch enhances accessibility and convenience for customers while contributing to a vibrant, mixed-use community that reflects the region’s evolving needs.

“Community is built around everyday experiences that bring people together,” said Peter Michaud, Developer, M&R Development. “Having respected brands like NBT Bank invest in this project delivers convenience for residents and visitors and also builds the stability and confidence that will attract future residents, restaurants and retailers to The Downs.”

The new office will primarily serve as a full-service retail banking branch and will also include office space for business partners. The location will feature a drive-thru and 24-hour ATM access, offering customers flexible and convenient banking options. NBT Bank’s plans are subject to finalization of lease documentation.