Bangor Savings Bank
FDIC #18408
📍 Bangor, Maine
Bangor Savings Bank is a commercial bank (si) established in 02/14/1852. With assets of $7.25 Billion, it operates 74 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: December 1, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
December 1, 2022
Outstanding
May 1, 2019
Outstanding
February 1, 2016
Outstanding
💰 Financial Strength
Total Assets$7.25 Billion
Total Deposits$5.53 Billion
Equity Capital$339.91 Million
Net Income$10.66 Million
📈 Performance
ROA0.19%
ROE3.96%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established02/14/1852
FDIC Cert18408
Holding CoBangor Bcorp Mhc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2020
Merger / Acquisition
Acquired: Damariscotta Bank & Trust Co.
2020
Relocation
Moved HQ to: 24 Hamlin Way, Bangor, ME 04401.
2018
Merger / Acquisition
Acquired: Granite Bank
2018
Name Change
Name became: Changed Institution Name To Bangor Savings Bank.
2007
Merger / Acquisition
Acquired: Pepperell Bank & Trust