Bangor Savings Bank is headquartered in Bangor and is the largest bank in the state of Maine. It is also the 248th largest bank in the nation. It was established in 1852 and as of March of 2019, it had grown to 891 employees at 62 locations. Bangor Savings Bank has an A health rating.
I mostly just used Bangor savings bank for a checking account because they are local, but also because they are so versatile. I can use my card anywhere and there are plenty of ATM's and branches available. I have NEVER had an issue using my card anywhere, and I have traveled out of state several times. The tellers are usually nice, there's always that one teller at that one branch, so I really can't complain about service. I personally didn't have a use for either service but I liked that the first year off a safety deposit box is free and they offer waivers on mortgage applications, which is usually a $100 dollar expense. As far as I know there are no annual or usage fees applicable to the checking account I had. They also offer a mobile app which I have not taken the time to download and utilize.
I went into the bank on a daily basis and was always greeted by name and with the biggest of smiles. Each and everyone of them remembered details from my previous visits and conversations we had had and was amazingly engaged. I was getting ready to go on a trip to Florida and was asked all about it and where I was going, how long I was going to be there and so on. After returning from vacation, I was greeted with the biggest smiles and asked all about it in great detail. The way I was greeted you would of thought I was the president.
Bangor savings has what they call "Grey Areas" and will turn off your services seemingly at random. I make over $100k a year and dipped into their "No Return Benefits" for 1 week between significant deposits and they turned off the feature without ANY sort of notification.
DO NOT USE THIS BANK!
|FDIC Certificate #||18408|
|Return on Assets - YTD||0.64%|
|Return on Equity - YTD||6.61%|
|Annual Interest Income||$39.2MM|
|Assets and Liabilities|
|Assets||Q1 2019vs Q1 2018||$4.45B$3.80B|
|Loans||Q1 2019vs Q1 2018||$3.01B$2.65B|
|Deposits||Q1 2019vs Q1 2018||$3.47B$2.93B|
|Equity Capital||Q1 2019vs Q1 2018||$438.1MM$398.7MM|
|Loan Loss Allowance||Q1 2019vs Q1 2018||$31.9MM$30.8MM|
|Unbacked Noncurrent Loans||Q1 2019vs Q1 2018||$8.7MM$6.9MM|
|Real Estate Owned||Q1 2019vs Q1 2018||$65.00K$211.00K|
Rates for Bangor Savings Bank are currently being reviewed.