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  2. Bangor Savings Bank

Bangor Savings Bank


Overview / Commentary
www.bangor.com
207-907-7011
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 216th largest bank in the nation. It was established in 1852 and as of December of 2021, it had grown to 1,058 employees at 67 locations. Bangor Savings Bank has an A 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!

2


Health
A

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18408
Year Established1852
Employees1058
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD8.91%
Annual Interest Income$182.1MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$6.91B$6.06B
LoansQ4 2021vs Q4 2020$3.92B$3.80B
DepositsQ4 2021vs Q4 2020$5.64B$4.78B
Equity CapitalQ4 2021vs Q4 2020$541.5MM$541.9MM
Loan Loss AllowanceQ4 2021vs Q4 2020$49.6MM$44.9MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$8.2MM$16.0MM
Real Estate OwnedQ4 2021vs Q4 2020$4.7MM$122.00K
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
0.10%*$100k*-Market Rate IRAs
OTHER TIERS: 0.06% → $5k - $25k | 0.08% → $25k - $100k
0.08%*$25k*-Personal Market Rate Statement Savings
OTHER TIERS: 0.05% → $5k - $10k | 0.07% → $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
0.10%*$100k*-Business Complete Money Market Account
OTHER TIERS: 0.06% → $5k - $25k | 0.08% → $25k - $100k
0.10%*$100k*-Benefit Money Market Account
OTHER TIERS: 0.06% → $5k - $25k | 0.08% → $25k - $100k

Bangor Savings Bank Checking Account Rates

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

Bangor Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$500-60 Month Benefit Plus CD
0.50%$500-60 Month CD
0.45%$500-48 Month Benefit Plus CD
0.40%$500-48 Month CD
0.40%$500-36 Month Benefit Plus CD
0.35%$500-36 Month CD
0.35%$500-30 Month Benefit Plus CD
0.30%$500-30 Months CD
0.30%$500-24 Month Benefit Plus CD
0.25%$500-24 Month CD
0.25%$500-18 Month Benefit Plus CD
0.20%$500-18 Month CD
0.20%$500-12 Month Benefit Plus CD
0.20%$100-12 Month Great Start Benefit Plus CD
0.15%$100-12 Month Great Start CD
0.15%$500-6 Month Benefit Plus CD
0.15%$500-12 Month CD
0.10%$500-6 Month CD
0.10%$500-3 Month Benefit Plus CD
0.05%$500-3 Month CD
Locations

Availability

Bangor Area

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