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3 State Street
Bangor, ME 04401

Bangor Savings Bank is headquartered in Bangor and is the 2nd largest bank in the state of Maine. It is also the 255th largest bank in the nation. It was established in 1852 and as of March of 2014, it had grown to 664 employees at 59 locations. Bangor Savings Bank has a A health rating.

Reviews (1)

Bad Bank Stay Away

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.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bangor Savings Bank had $15.71 million in non-current loans and owned real-estate with $344.36 million in equity and loan loss allowances on hand to cover it. This gives Bangor Savings Bank a Texas Ratio of 4.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bangor Savings Bank experienced no significant changes from 3.69% as of March 31, 2013 to 4.56% as of March 31, 2014, resulting in a negative change of 23.66%. This indicates that the balance sheet and financial strength for Bangor Savings Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Bangor Savings Bank has increased its total deposits by $27.92 million, resulting in 1.32% 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 $3.04 billion in assets with $344.36 million in equity, resulting in a capitalization level of 11.32%, which is excellent.

Institution Statistics

FDIC Certificate #18408
Year Established1852
Primary RegulatorFDIC
Assets and Liabilities
Assets$3.04 billion
Loans$2.03 billion
Deposits$2.15 billion
Equity Capital$314.81 million
Loan Loss Allowance$29.55 million
Unbacked Noncurrent Loans$15.25 million
Real Estate Owned$457,000
Historic Data - March 2013
Assets$2.90 billion
Equity Capital$302.87 million
Loan Loss Allowance$28.11 million
Unbacked Noncurrent Loans$15.25 million
Real Estate Owned$243,000
Profit Margin - Quarterly
Net Interest Margin3.3%
Return on Assets0.6%
Return on Equity5.79%
Interest Income$25.77 million

Always verify rates and promotions with the bank or credit union. We are not Bangor Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

Bangor Savings Bank Savings Account Rates

0.10%$25k-Personal Market Rate Statement Savings
0.08%$25-Benefit Savings
0.05%--Great Start Savings Account
0.05%$25-Regular Statement Savings

Bangor Savings Bank Money Market Rates

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

Bangor Savings Bank Checking Account Rates

0.05%$1k-Benefit Plus Checking

Bangor Savings Bank CD Rates

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

Bangor Savings Bank has 59 locations. Click to view all Bangor Savings Bank locations.