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By 1889, Bangor Savings Bank had relocated to a larger space at 3 State Street and had over $4.5 million in deposits. The facility was rebuilt in 1913 following the Bangor Great Fire and renovated in 1951. In 1997, the Bangor Savings Bank Foundation was created. In FY20, the bank and its foundation invested over $3.4 million into the community.
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The bank was founded in 1992 as a Maine-based institution which sought "to return local control to Bangor banking." It was established by buying seven former Fleet Bank offices in the area and had 75 employees, 7 branches, and $74 million in assets. [2] William C. Bullock Jr. led the bank from its founding until his retirement in 2004. [1]
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“By leveraging services provided by Bangor Savings Bank, banks and credit unions can offer families—regardless of where they currently bank—the same features as popular youth banking apps, but entirely within their own brand. Being a first mover in their community with such a product can be a powerful strategy for future growth.”
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