Bangor Savings Bank

Overview / Commentary
24 Hamlin Way
Bangor, ME 04401

Bangor Savings Bank is headquartered in BANGOR and is the largest bank in the state of Maine. It is also the 211th largest bank in the nation. It was established in 1852 and as of December of 2023, it had grown to 1,048 employees at 71 locations. Bangor Savings Bank has a B health rating.

Reviews (3)

Local savings that is competitive.

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.

Amazing Customer Service And So Friendly I Thought I Was The President

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.

Terrible Banking Experience

Posted by: |

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.



Health Grade Components

FDIC Certificate #18408
Year Established1852
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD4.9%
Annual Interest Income$247.8MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$7.26B$7.38B
LoansQ4 2023vs Q4 2022$4.8B$4.66B
DepositsQ4 2023vs Q4 2022$5.33B$5.91B
Equity CapitalQ4 2023vs Q4 2022$408.3MM$349.1MM
Loan Loss AllowanceQ4 2023vs Q4 2022$31.8MM$37.9MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$3.7MM$5.7MM
Real Estate OwnedQ4 2023vs Q4 2022$4.7MM$4.7MM

Rates for Bangor Savings Bank are currently being reviewed.



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