Bangor Savings Bank is headquartered in Bangor and is the 2nd largest bank in the state of Maine. It is also the 254th largest bank in the nation. It was established in 1852 and as of December of 2013, it had grown to 666 employees at 59 locations. Bangor Savings Bank has a A health rating.
This bank is the absolute worst bank I have ever dealt with at any time in 61 years. I am now in the position of taking care of a seriously ill spouse and cannot work. I had to have a conversaiton with an extremely snooty woman from this bank today named Chris. She informed me that I should not have a checking account because I cannot keep it from overdrawing. Maybe she has time to run to the bank for cash and can get money orders to pay bills but honestly I have been an upstanding citizen for years and I truly did NOT APPRECIATE THIS. I spend my whole day taking care of my husband who suffer from Cortical Basal Degeneration. I have no time to do any other chores, irregardless of whether this woman thinks I should have to because I'm such a dead beat.
Their fees are exorbitant - they offer no service accept phone calls to allow them to be patronizing - and she didn't call me on Friday as I had asked but rather Monday morning. I spent 3 hours today trying to figure out why she though two checks totaling $252 would be returned. They had already been deducted from my balance. She tried to tell me they were pending - they were pending but they were already deducted from my balance. This woman could not add although right there on the website it told me my balance. She could not figure it out. I went to the bank, made a deposit, had to go to another bank because I had opened an account there and they had refused my husband's pension check a week ago but had cancelled it on the back and I had to go back to them so the teller could put a line through it and initial it. Really - MY bank sent me on this wild goose chase and Heather at the bank was quite happy that she could not accept my check.
I have had it with this bank. Unfortunately social security is being direct deposited as is his pensions. We are going to stop this ASAP and get a new bank and a new bank account. Hopefully without patronizing people who cannot add or subtract.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Bangor Savings Bank had $17.15 million in non-current loans and owned real-estate with $336.39 million in equity and loan loss allowances on hand to cover it. This gives Bangor Savings Bank a Texas Ratio of 5.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Bangor Savings Bank experienced no significant changes from 4.01% as of December 31, 2012 to 5.10% as of December 31, 2013, resulting in a negative change of 27.18%. This indicates that the balance sheet and financial strength for Bangor Savings Bank has had no significant changes in recent periods.
In the past year, Bangor Savings Bank has increased its total deposits by $47.95 million, resulting in 2.26% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bangor Savings Bank has shown is above average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bangor Savings Bank has $3.02 billion in assets with $336.39 million in equity, resulting in a capitalization level of 11.13%, which is excellent.
|FDIC Certificate #||18408|
|Assets and Liabilities|
|Equity Capital||$308.15 million|
|Loan Loss Allowance||$28.24 million|
|Unbacked Noncurrent Loans||$16.80 million|
|Real Estate Owned||$343,000|
|Historic Data - December 2012|
|Equity Capital||$300.19 million|
|Loan Loss Allowance||$27.68 million|
|Unbacked Noncurrent Loans||$16.80 million|
|Real Estate Owned||$95,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.19%|
|Return on Assets||0.68%|
|Return on Equity||6.63%|
|Interest Income||$100.99 million|
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|0.10%||$25k||-||Personal Market Rate Statement Savings|
|0.05%||-||-||Great Start Savings Account|
|0.05%||$25||-||Regular Statement Savings|
|0.12%||$100k||-||Business Complete Money Market|
|0.12%||$100k||-||Business Premium Money Market|
|0.12%||$100k||-||Benefit Money Market|
|0.10%||$25k||-||Market Rate IRAs|
|0.05%||$1k||-||Benefit Plus Checking|
|1.05%||$500||-||60 Month Benefit Plus CD|
|0.94%||$500||-||60 Month CD|
|0.70%||$500||-||48 Month Benefit Plus CD|
|0.60%||$500||-||48 Month CD|
|0.55%||$500||-||36 Month Benefit Plus CD|
|0.45%||$500||-||36 Month CD|
|0.40%||$500||-||24 Month Benefit Plus CD|
|0.40%||$500||-||30 Month Benefit Plus CD|
|0.30%||$500||-||24 Month CD|
|0.30%||$500||-||30 Month CD|
|0.30%||$500||-||18 Month Benefit Plus CD|
|0.25%||$500||-||12 Month Benefit Plus CD|
|0.20%||$500||-||18 Month CD|
|0.20%||$500||-||6 Month Benefit Plus CD|
|0.15%||$500||-||12 Month Great Start CD|
|0.15%||$500||-||3 Month Benefit Plus CD|
|0.15%||$500||-||12 Month CD|
|0.10%||$500||-||6 Month CD|
|0.05%||$500||-||3 Month CD|