Norway Savings Bank


Overview / Commentary
207-743-7986
261 Main Street
Norway, ME 04268

Norway Savings Bank is headquartered in NORWAY and is the 8th largest bank in the state of Maine. It is also the 590th largest bank in the nation. It was established in 1866 and as of March of 2025, it had grown to 300 employees at 24 locations. Norway Savings Bank has an A health rating.

Reviews (3)

Can't Sign In

When I try to login to my account I frequently, like 1 out of three times, get the message “We are having technical difficulties. Try again later or contact your system administrator”.
Waiting and repeated tries eventually get me in.
This has happened for the years I’ve had the account.
With the new ‘Two factor Authorization’ I get the message I will receive a phone call on my landline with the code to get in, The Phone call never comes.
It also says to choose phone call or text but there is no button to choose text.
I called customer service twice. The first to change to my new smart phone number and be assured I’d receive a text to it after a half an hour. I didn’t and again said I’d receive a phone call.
My second call told me to click continue to receive a phone call. I did and I didn’t.
My wife wants to change banks but there is only one other with a local office so I’m in hope this review will cure everything.

Useless Atms

Everytime I go to the naples branch and try to use their ATM, theres always a problem.

I either cant get access to my money or even make a deposit, its frustrating to drive an hour total to waste valuable time, so now I have to make another hour trip to see a teller so I can deposits.

Time to ditch this fail bank

Unprofessional Banking Experience

Posted by: |

Worse banking experience ever! A manager offered legal advice on my account. It is illegal, for a bank teller to pose as an attorney. I reported this person to headquarters in Portland, Maine. They offered no recourse.

They also made it difficult to close my account and transfer my money to new account.

Stay away from this bank! I would never do business with this bank again.

Given the option they would get no stars.



Health

Health Grade Components

Overall
FDIC Certificate #17658
Year Established1866
Employees300
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD3%
Annual Interest Income$23.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$2.03B$1.87B
LoansQ1 2025vs Q1 2024$1.44B$1.3B
DepositsQ1 2025vs Q1 2024$1.59B$1.5B
Equity CapitalQ1 2025vs Q1 2024$230MM$208.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$10.1MM$9MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$10.6MM$9.6MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Norway Savings Bank are currently being reviewed.

Locations

Availability



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