Bangor Savings Bank Adds $1M to Foundation Endowment

April 13, 2018
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Lisa Bird
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BANGOR, Maine – Bangor Savings Bank recently added $1 million to the endowment of its charitable arm, the Bangor Savings Bank Foundation, according to bank President and CEO Bob Montgomery-Rice.

Since 1997 the Bangor Savings Bank Foundation has focused philanthropic efforts on worthy initiatives that make Maine communities more prosperous, more livable and more vibrant. The Foundation awards quarterly grants ranging from $2,000 to $25,000 with priority given to efforts that support economic development, workforce development, or the entrepreneurial or demographic health of a region. Other giving areas include education, social and civic services, culture and arts, and health and wellness.

In recent years, the Foundation has provided larger one-time grants to LifeFlight of Maine, the Foundation for Maine’s Community Colleges, the Eastern Maine Medical Center Neonatal Unit, and the Biddeford Mills Museum. The Foundation also oversees the annual Community Matters More grant making program which provides more than $100,000 to nonprofits throughout Maine and New Hampshire.

“We are grateful to have a Foundation that gives generously to organizations and community projects each year,” said Bangor Savings Bank Foundation Chairman Jim Goff. “This gift to the Foundation endowment principal will enable us to continue to support important initiatives that make a difference for people who live where Bangor Savings Bank does business.”
About Us

Bangor Savings Bank, with more than $6 billion in assets, offers retail banking to consumers as well as comprehensive commercial, corporate, payroll administration, merchant services, and small business banking services to businesses. The Bank, founded in 1852, is in its 169th year with more than 60 branches in Maine and New Hampshire and business and/or loan production offices in Maine, New Hampshire, and Massachusetts. Bangor Savings Bank and The Bangor Savings Bank Foundation have invested more than $3.4 million into the community in the form of sponsorships, grants, and partnership initiatives last year. Bangor Savings Bank is an equal opportunity employer and can be found on the Web at Member FDIC.

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Jaclyn Fish | Bangor Savings Bank