Maine-based community bank and certified B Corporation offering checking, savings, loans, and mortgages with a focus on local lending and social responsibility.
Data compiled from public sources · Rating from CreditDoc methodology
Androscoggin Savings Bank is a traditional community bank headquartered in Maine that operates as a Certified B Corporation, indicating a commitment to balancing profit with positive social and environmental impact. The bank serves individuals and businesses across Maine with a range of standard banking products and services. Their website indicates they offer deposit accounts, lending products, and mortgages, positioning themselves as a locally-focused alternative to larger national banks.
The bank's B Corporation certification is a notable distinguishing factor, suggesting they prioritize community reinvestment and ethical business practices alongside financial performance. As a regional bank, Androscoggin likely emphasizes personalized service and community relationships over digital-first banking experiences that characterize newer fintech competitors. For consumers seeking traditional banking services with a values-aligned institution, Androscoggin represents a mainstream banking option rather than a specialized lender or alternative finance provider.
The bank's website provides basic information about their services, though specific product details, rates, fees, and competitive terms would require further investigation or direct contact with the institution.
Androscoggin Savings Bank processed 275 mortgage applications in 2023, approving 96.7% of applicants across 1 states.
275
Applications
96.7%
Approval Rate
$470K
Avg Loan
1
States Served
Based on 275 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Yes. Androscoggin Savings Bank is a registered company, headquartered in Lewiston, ME, founded in 1870.
Account opening typically takes 1-3 business days. Loan decisions vary by product.
CreditDoc Diagnosis
Androscoggin Savings Bank is best for Maine residents and businesses seeking traditional community banking services with demonstrated social responsibility through B Corporation certification. The main caveat is that this is a conventional bank—not a specialized lender—so consumers with specific needs (credit repair, emergency cash, debt relief) should verify Androscoggin offers competitive products before applying.
Mutual savings bank serving Aroostook County since 1936, offering checking, savings, mortgages, and consumer loans with over $200 million in assets.
Best for: Aroostook County residents seeking a local mortgage lender with community ties and in-house loan decisions, Families and small business owners prioritizing personalized service and local community reinvestment
Auburn Savings Bank, FSB is a community bank serving Lewiston-Auburn since 1887, offering personal and business banking with local decision-making and relationship-focused service.
Best for: Small business owners and entrepreneurs in Lewiston-Auburn seeking personalized lending and local relationships, Homebuyers and mortgage refinancers in the region wanting accessible loan officers and flexible terms
Regional bank operating 70+ branches across Maine and New Hampshire since 1852, offering checking, savings, credit cards, home loans, and business banking services.
Best for: Maine and New Hampshire residents seeking personalized banking with local branch relationships and community investment, Business owners in the region needing comprehensive business banking, payroll, and cash management solutions
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