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In January 2016, Bangor Savings Bank announced that it was raising the company-wide minimum wage to $13 per hour. In doing so, it raised the base wage for 240 of the companies 740 employees. [6] As of August 2022, the company's minimum wage has increased to $18 per hour. In October 2017, Bangor Savings Bank acquired Granite Bank of New Hampshire.
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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]
In the first year of operation, the Bangor Business School was attended by less than 25 students and housed on the second floor of the YMCA. [1] Early offerings of the college consisted of courses in banking, accounting, finance, business arithmetic, business writing, commercial law, penmanship, shorthand, and typing.
City of Bangor: City Councils and Mayors from the Incorporation of the City, in 1834, to 1881, Bangor: R.A. Burr, 1881 – via Bangor Public Library External links [ edit ]
When founded, it was known as the Eastern Maine Insane Hospital. Its name was changed in 1913 to Bangor State Hospital, and then to Bangor Mental Health Institute. In 2005 it was renamed the Dorothea Dix Psychiatric Center, in honor of Dorothea Dix, a pioneering 19th-century advocate for the improved treatment of the mentally ill.