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  2. Bangor Savings Bank

Bangor Savings Bank


Overview / Commentary
www.bangor.com
207-942-5211
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 201st largest bank in the nation. It was established in 1852 and as of March of 2023, it had grown to 1,057 employees at 70 locations. Bangor Savings Bank has a B health rating.

Reviews (3)

Local savings that is competitive.

Posted by: |

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.

1

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

Posted by: |

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.

4

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.

DO NOT USE THIS BANK!

3


Health
B

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18408
Year Established1852
Employees1057
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.07%
Return on Equity - YTD1.48%
Annual Interest Income$58.5MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$7.41B$6.92B
LoansQ1 2023vs Q1 2022$4.67B$3.93B
DepositsQ1 2023vs Q1 2022$5.91B$5.76B
Equity CapitalQ1 2023vs Q1 2022$379.6MM$446.8MM
Loan Loss AllowanceQ1 2023vs Q1 2022$36.4MM$49.5MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$2.7MM$5.0MM
Real Estate OwnedQ1 2023vs Q1 2022$4.7MM$4.7MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Bangor Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bangor Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Market Rate IRAs
OTHER TIERS: 0.10% → Up to $25 | 0.15% → $25 - $10k | 0.25% → $10k - $25k | 0.40% → $25k - $50k | 0.45% → $50k - $100k
0.40%*$25k*-Personal Market Rate Statement Savings
OTHER TIERS: 0.15% → $5k - $10k | 0.25% → $10k - $25k
0.05%--Great Start Savings Account
0.05%$25-Benefit Savings
0.05%$25-Statement Savings

Bangor Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-Business Complete Money Market Account
OTHER TIERS: 0.25% → $5k - $25k | 0.45% → $25k - $50k | 0.50% → $50k - $100k
0.60%*$100k*-Benefit Money Market Account
OTHER TIERS: 0.25% → $5k - $25k | 0.45% → $25k - $50k | 0.50% → $50k - $100k

Bangor Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Benefit Plus Checking

Bangor Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.08%$500-15 Month Benefit Plus CD Special
3.82%$500-15 Month CD Special
3.82%$500-9 Month Benefit Plus CD Special
3.56%$500-9 Month CD Special
2.53%$500-3 Month Benefit Plus CD Special
2.28%$500-3 Month CD Special
1.01%$500-24 Month Benefit Plus CD
1.01%$500-30 Month Benefit Plus CD
1.01%$500-36 Month Benefit Plus CD
1.01%$500-48 Month Benefit Plus CD
1.01%$500-60 Month Benefit Plus CD
0.95%$500-18 Month Benefit Plus CD
0.85%$500-12 Month Benefit Plus CD
0.85%$100-12 Month Great Start Benefit Plus CD
0.75%$500-24 Month CD
0.75%$500-30 Months CD
0.75%$500-36 Month CD
0.75%$500-48 Month CD
0.75%$500-60 Month CD
0.70%$500-18 Month CD
0.70%$500-6 Month Benefit Plus CD
0.60%$100-12 Month Great Start CD
0.60%$500-12 Month CD
0.45%$500-6 Month CD
Locations

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