Bangor Savings Bank logo

Bangor Savings Bank in Bangor, ME

4.2/5

Regional bank operating 70+ branches across Maine and New Hampshire since 1852, offering checking, savings, credit cards, home loans, and business banking services.

Data compiled from public sources · Rating from CreditDoc methodology

Bangor Savings Bank Review

Bangor Savings Bank is a community-focused financial institution founded in 1852 that has built its reputation on local investment and customer relationships across Northern New England. The bank operates 70 retail branch locations throughout Maine and New Hampshire, supported by an extensive ATM network, making it a significant regional banking presence with deep historical roots in the communities it serves. The bank offers comprehensive retail and business banking services including checking and savings accounts, certificates of deposit (CDs), home loans, personal loans, credit cards (everblue branded), business banking solutions, payroll services, and wealth management.

They also provide teen banking products through pling, a debit card and app designed for teens, along with financial education resources through their "Strengthen Your Money Skills" program covering seven financial modules. Digital banking options include Bangor Online portal, a mobile app, and specialized business platforms like Treasury & Business Online. Bangor Savings Bank distinguishes itself through active community investment via The Bangor Savings Bank Foundation, which has awarded significant grants to nonprofits (over $86K in 2025 alone).

The bank emphasizes community partnerships, volunteerism, and corporate funding as core values. Their everblue credit card line offers multiple options tailored to different needs: 2% cash back on local purchases, credit-building features, interest savings benefits, and business expense management tools. The bank also highlights security infrastructure and hosts an annual April voting initiative where customers help select nonprofit grant recipients.

As a regional bank, Bangor Savings Bank is best suited for customers in Maine and New Hampshire seeking personalized service with local branch access rather than a national institution. S. regions.

While the bank offers competitive services across retail and business segments, customers outside their service area cannot access accounts.

Services & Features

ATM network access
Business banking and business loans
Checking accounts
Digital banking (Bangor Online, mobile app)
Home loans and mortgage services
Payroll services (Bangor Payroll)
Personal loans
Savings accounts and CDs
Teen debit card and app (pling)
Treasury and business online platform
Wealth management services
everblue credit cards (multiple variants)

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • 70 retail branch locations plus extensive ATM network throughout Maine and New Hampshire for convenient local access
  • Multi-option everblue credit card line including 2% cash back on local purchases, credit-building, and business cash back variants
  • Active community investment through The Bangor Savings Bank Foundation with documented grant-making (over $86K awarded in 2025)
  • Teen banking product (pling) with parent controls and financial education features specifically designed for younger users
  • Comprehensive digital banking including Bangor Online, mobile app, and specialized Treasury & Business Online platform
  • Free financial education program (Strengthen Your Money Skills) with seven self-paced modules
  • Long institutional history (operating since 1852) providing stability and deep local community relationships

Cons

  • Limited geographic service area—only operates in Maine and New Hampshire, excluding customers in other states
  • Website does not prominently display specific rates for checking, savings, or loan products, requiring customers to contact bank directly
  • No information provided about minimum deposit requirements, monthly fees, or account maintenance costs
  • Limited transparency on home loan and business loan terms, products, and qualification requirements from website alone

Rating Breakdown

Value
5.0
Effectiveness
3.7
Customer Service
3.8
Transparency
4.0
Ease of Use
4.5

Mortgage Lending Transparency

Bangor Savings Bank processed 3,799 mortgage applications in 2023, approving 78.4% of applicants across 7 states.

3,799

Applications

78.4%

Approval Rate

$235K

Avg Loan

7

States Served

Approval Rate by Applicant Income

Under $50K
56.9%
$50K–$100K
75.5%
$100K–$200K
83%
Over $200K
88.3%

Based on 3,799 applications. Income in thousands (reported by applicant).

Top Lending States

Maine 3,361 apps · 78%
New Hampshire 244 apps · 75%
Massachusetts 146 apps · 79.5%
Florida 28 apps · 64.3%
Vermont 10 apps · 70%
North Carolina 6 apps · 66.7%

Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.

Frequently Asked Questions

Is Bangor Savings Bank legitimate?

Yes. Bangor Savings Bank is a registered company, headquartered in Bangor, ME, founded in 1852.

How long does Bangor Savings Bank take to show results?

Account opening typically takes 1-3 business days. Loan decisions vary by product.

Quick Facts

Founded
1852
Headquarters
Bangor, ME
BBB Accredited
No
Certifications
FDIC Insured FDIC Cert #18408
Starting Price
Contact provider
Setup Fee
None
Money-Back Guarantee
No
Visit Bangor Savings Bank

CreditDoc Diagnosis

Doctor's Verdict on Bangor Savings Bank

Bangor Savings Bank is ideal for Maine and New Hampshire residents prioritizing local community banking with personalized service, branch accessibility, and reinvestment in their communities. The main caveat is strict geographic limitation—customers outside Maine and New Hampshire cannot access accounts, making this bank unsuitable for multi-state or national customers.

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
  • Families with teens interested in financial education and supervised debit card products
  • Customers prioritizing community reinvestment and foundation grant-making as part of banking values
Updated 2026-05-08

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